PITTSBURGH, May 26, 2015 /PRNewswire/ -- Liberty Tire Recycling, the premier provider of tire recycling services in North America, today announced that it has appointed Scott W. Whitney as CEO effective June 1, 2015. Mr. Whitney will succeed Bill Fry, who served as CEO through the company's successful financial restructuring, completed in March 2015. The recapitalization of the company involved Third Avenue Management LLC, Redwood Capital Management LLC and Knighthead Capital Management LLC, among others.
"Scott possesses extensive industrial experience and a track record of success in renewable and alternative energy and environmental remediation," said Nils Larsen, chairman of the Liberty Tire Recycling Board of Directors. "I also want to thank Bill for his substantial contributions as CEO. We emerged from a successful restructuring with a solid customer base, strong balance sheet and enhanced flexibility and liquidity. I am confident that Scott will successfully lead our company into the next phase as we look to deploy disciplined capital investments and focus on opportunistic growth."
"I am honored to join Liberty Tire, an organization that works every day to transform reclaimed rubber into innovative, sustainable high-performance products, a mission that is clearly aligned with my skills and passions," said Whitney. "I'm looking forward to joining an outstanding Liberty team and working on solutions that build on the company's history of commercial innovation and beneficial environmental application of long-lasting solutions made from clean, recycled rubber."
Whitney was previously CEO of Greenwood Fuels, an renewable energy company, from 2012-2015. Before his tenure at Greenwood Fuels, Whitney was with Covanta Energy, where he served in senior management and executive roles from 1987-2012. He most recently served as president of Covanta Holding Corporation's European group. Prior to that, he served as vice president of business development at Covanta Energy Group Inc. and oversaw the development of Covanta's waste-to-energy, independent power and water and wastewater treatment businesses in North America, South America, Europe and the Middle East. Whitney served as an officer in the United States Navy for eight years in a variety of roles, including shipboard and shore-based assignments. He earned a B.S. in marine engineering from the United States Naval Academy in Annapolis, Maryland.
About Liberty Tire Recycling
Liberty Tire Recycling is the premier provider of tire recycling services in North America. By recycling more than 140 million tires annually, Liberty Tire reclaims more than 1.5 billion pounds of rubber for innovative, eco-friendly products. The recycled rubber produced by Liberty Tire is used as crumb rubber and industrial feedstock for molded products; as tire-derived fuel for industrial kilns, mills and power plants; and as rubber mulch for landscaping and playgrounds. The company maintains a North American network of processing plants, and comprehensive door-to-door collection services. Liberty Tire Recycling is headquartered in Pittsburgh, Pa. For more information, please visit www.libertytire.com.
SOURCE Liberty Tire Recycling