Product & Service @American Waste Digest

WasteQuip Names John Scott Chief Executive Officer

Wastequip, Inc., a leading manufacturer of waste handling and recycling equipment, today announced that John G. Scott has been named President and Chief Executive Officer of the Company, effective immediately. Most recently, Mr. Scott served as President of Wastequip’s Specialty Group. Scott joined the company in April 2007 following its acquisition of Toter Incorporated, of which he was President and CEO.

Mr. Scott succeeds Robert C. Rasmussen, 66, who is retiring after a nearly 50-year career in the waste equipment industry. Mr. Rasmussen, who has served as CEO of Wastequip since 2001, will be available to the company in the future on a consulting basis. He joined Wastequip in 1992 following its acquisition of Accurate Industries, which he founded in 1973.

Mr. Scott said: “I am honored to be named CEO of Wastequip at this important time. As the only national supplier in the waste collection equipment sector, Wastequip is well-positioned for long-term success with an extensive line of high-quality products and longstanding customer relationships. I look forward to working with all Wastequip employees to continue to design, manufacture and deliver innovative, high-quality, products to our customers in a cost efficient manner.”

“We are grateful to Bob Rasmussen for all of his many contributions to our company over the years. Bob has played a crucial role in Wastequip’s continued success and we wish him the very best in the future.”

Mr. Rasmussen said: “Since joining Wastequip, John Scott has demonstrated exceptional business skills, drive and leadership. I am delighted that Wastequip’s future is in his capable hands. I thank all of my colleagues for their hard work on behalf of Wastequip over the years and for their friendship.”

About Wastequip

Founded in 1989, Wastequip is North America’s largest designer, manufacturer and marketer of equipment used to collect, process and transport solid, liquid and semi-liquid waste and recycling materials. The company manufactures more than 200 different products that are used in factories, residential complexes, retail chains, and construction and demolition sites. Headquartered in Cleveland, Wastequip serves national, regional and local waste haulers, municipalities and retail chains through manufacturing facilities located across North America. For more information on Wastequip, visit www.wastequip.com or call 216-292-2554.

Wells Fargo Equipment Finance Names Cramer Owen Vice President, Specialty Vehicle Group

Wells Fargo Equipment Finance, Inc. announced it has named Cramer Owen vice president, with the Specialty Vehicle Group focusing on business development. Based in Newtown, Conn., Owen will provide equipment financing and leasing program solutions to specialty vehicle and related equipment manufacturers around the U.S.

Owen joins Wells Fargo from CIT where he was vice president of national accounts in the Diversified Vendor Group. He has also held similar positions with GECC, DaimlerChrysler and PACCAR. Owen has 30 years of experience in financial services. He earned his MBA from the American Graduate School of International Management in Glendale, Ariz. and his bachelor’s degree in economics from the University of California, Berkeley.

“Cramer brings a wealth of knowledge and experience in the industry and is an excellent addition to this team,” said Tim Pratt, division manager with Wells Fargo Equipment Finance, Inc. “His ability to identify, structure, negotiate and close finance programs will add tremendous value to the diverse set of OEMs that serve the specialty vehicle space.”

Wells Fargo Equipment Finance, Inc. is a wholly owned subsidiary of Wells Fargo Bank. With a portfolio that exceeds $14 billion, Wells Fargo Equipment Finance serves more than 26,000 customers.

Wells Fargo & Company is a diversified financial services company with $609 billion in assets, providing banking, insurance, investments, mortgage and consumer finance through almost 6,000 stores and the internet (wellsfargo.com) across North America and elsewhere internationally. Wells Fargo Bank, N.A. is the only bank in the U.S., and one of only two banks worldwide, to have the highest possible credit rating from both Moody’s Investors Service, “Aaa,” and Standard & Poor’s Ratings Services, “AAA.”