Covanta Holding Corp., Morristown, New Jersey, filed an 8-K with the U.S. Securities and Exchange Commission on Nov. 12 stating that current CEO Michael Ranger will be stepping away from the company upon the closing date of the company’s previously announced acquisition by Sweden-based EQT Infrastructure. Azeez Mohammed, who most recently served as executive vice president at San Jose, California-based Bloom Energy, will replace Ranger as the company’s new CEO.
Prior to his tenure at Bloom Energy, Mohammed spent 20 years with GE, Boston, which included his appointment in various executive roles.
On Oct. 12, Covanta announced that its stockholders voted to approve the previously announced acquisition by EQT, and that the acquisition was slated to close sometime in the fourth quarter. It was reported that the transaction was valued at $5.3 billion.
When reached for comment, a Covanta spokesperson noted that more information on the transition would be available in the coming weeks.