SHANGHAI, China, April 1 /Xinhua-PRNewswire/ --
Covanta Holding Corporation (NYSE: CVA), a world leader in the development and operation of large scale Energy-from-Waste and renewable energy projects, today announced the appointment of Allard M. Nooy to the position of President Covanta Asia Pacific for its principal subsidiary, Covanta Energy Corporation. Mr. Nooy's appointment is effective immediately.
Mr. Nooy has extensive experience working with municipal governments to develop infrastructure projects throughout Asia. He was previously Regional Director of Infrastructure Development for Leighton Asia Limited, where he has managed Leighton's business in the People's Republic of China as well as infrastructure development and investment activities throughout Asia since 2004. Prior to his appointment with Leighton, Mr. Nooy was Thames Water International's Regional Director of Greater China where he initiated and led numerous transactions in China and Hong Kong. Before joining Thames Water, Mr. Nooy was the General Manager of the international EPC group Vermeer - Ballast Nedam's Southeast Asian operations, based in Vietnam. Mr. Nooy will be based in Shanghai.
"We are very pleased to welcome Allard to the Covanta team. His experience and successful track record of developing, acquiring and managing infrastructure projects in China and throughout Asia make him uniquely qualified to lead the implementation of our Asian growth strategy," said Anthony Orlando, Covanta's Chief Executive Officer. "We have a strong team in Asia and under Allard's leadership I am confident we'll continue our successful operation and capitalize on the many opportunities to expand our Energy-from-Waste business in China and elsewhere in the region."
About Covanta
Covanta is an internationally recognized owner and operator of Energy-from-Waste and renewable energy projects. Covanta's Energy-from-Waste facilities convert municipal solid waste into renewable energy for numerous communities, in the United States, Europe, and Asia. As a premier operator of large-scale Energy-from-Waste facilities, Covanta is proud to offer an environmentally sound solution to communities' solid waste disposal needs. With close to 40 facilities worldwide, Covanta uses municipal solid waste as a fuel to generate clean, renewable energy. Covanta's modern Energy-from-Waste facilities safely and securely turn 15 million tons of waste into over 8 million megawatt hours of clean renewable electricity each year and create 10 billion pounds of steam that are sold to a variety of industries. For more information, visit www.covantaholding.com.
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Certain statements in this press release may constitute "forward-looking" statements as defined in Section 27A of the Securities Act of 1933 (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"), the Private Securities Litigation Reform Act of 1995 (the "PSLRA") or in releases made by the Securities and Exchange Commission, all as may be amended from time to time. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of Covanta and its subsidiaries, or industry results, to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements that are not historical fact are forward-looking statements. Forward-looking statements can be identified by, among other things, the use of forward-looking language, such as the words "plan," "believe," "expect," "anticipate," "intend," "estimate," "project," "may," "will," "would," "could," "should," "seeks," or "scheduled to," "proposed," or other similar words, or the negative of these terms or other variations of these terms or comparable language, or by discussion of strategy or intentions. These cautionary statements are being made pursuant to the Securities Act, the Exchange Act and the PSLRA with the intention of obtaining the benefits of the "safe harbor" provisions of such laws. Covanta cautions investors that any forward-looking statements made by Covanta are not guarantees or indicative of future performance. Important assumptions and other important factors that could cause actual results to differ materially from those forward-looking statements with respect to Covanta, include, but are not limited to, those factors, risks and uncertainties that are described in Item 1A of its Annual Report on Form 10-K for the year ended December 31, 2007, and in subsequent securities filings by Covanta.
Although Covanta believes that its plans, intentions and expectations reflected in or suggested by such forward-looking statements are reasonable, actual results could differ materially from a projection or assumption in any forward-looking statements. Covanta's future financial condition and results of operations, as well as any forward-looking statements, are subject to change and inherent risks and uncertainties. The forward-looking statements contained in this press release are made only as of the date hereof and Covanta does not have or undertake any obligation to update or revise any forward-looking statements whether as a result of new information, subsequent events or otherwise, unless otherwise required by law.
