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home / news releases / CVA - Covanta posts surprise Q3 profit names Ranger as new President/CEO

CVA - Covanta posts surprise Q3 profit names Ranger as new President/CEO

Covanta Holding Corporation
Covanta (CVA) -1% after-hours following better than expected Q3 earnings and announcing the launch of a comprehensive strategic review of operations and capital structure.Leading the review will be newly appointed President and CEO Michael Ranger, who will replace Stephen Jones, who led the company for the past six years.Covanta's board "believes the value of the company's assets and potential are not fully reflected in the market today. Therefore, this strategic review is a well-timed opportunity to explore all options to enhance shareholder value, including assessing plans for each of our business lines and geographies."CVA shares recently dipped below $8 after trading mostly in the $8-$10 range over the previous six months.

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Covanta posts surprise Q3 profit, names Ranger as new President/CEO
Stock Information
Company Name: Covanta Holding Corporation
Stock Symbol: CVA
Market: NYSE
Website: covanta.com
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