Casella Waste Systems names Ned Coletta as next CEO

RUTLAND, Vt. - Casella Waste Systems, Inc. (NASDAQ:CWST), a waste management company with a market capitalization of $6.3 billion and impressive revenue growth of 20% over the last twelve months, announced Wednesday that John W. Casella will transition from Chief Executive Officer to Executive Chairman of the Board, effective January 1, 2026, with current President Edmond "Ned" Coletta appointed as his successor. According to InvestingPro data, the company maintains a "Fair" overall financial health score, suggesting stable operational performance during this transition period.

As Executive Chairman, Casella will continue serving as Board Chair while supporting the company’s strategic development, stakeholder engagement, and organizational culture in collaboration with the new CEO. The company’s stock has recently experienced some pressure, trading near its 52-week low, though analysts maintain a bullish outlook with an average price target suggesting potential upside. For detailed analysis and additional insights, investors can access the comprehensive Pro Research Report available on InvestingPro.

Coletta, who joined the company in December 2004, has held several leadership positions including President and Chief Financial Officer. He will also join the Board as a Class II director upon assuming the CEO role.

John Casella joined the waste management company in 1976, a year after his brother Doug founded it, and has led its growth into a regional solid waste, recycling and resource management services provider in the eastern United States.

"I am incredibly proud of the dedication and hard work from our entire Casella team over five decades," Casella said in the press release announcing the transition.

Coletta holds an MBA from the Tuck School of Business at Dartmouth College and a Bachelor of Science degree from Brown University. Prior to joining Casella, he co-founded and served as Chief Financial Officer of Avedro, Inc. and held a research and development engineering role at Lockheed Martin Michoud Space Systems.

Lead Director Joe Doody expressed gratitude for Casella’s leadership and confidence in Coletta’s capabilities to lead the company forward.

Casella Waste Systems, headquartered in Rutland, Vermont, provides waste collection, disposal, transfer, recycling and organics services to residential, commercial, municipal, institutional and industrial customers in the eastern United States. The company operates with a moderate level of debt and maintains healthy liquidity, with a current ratio of 1.7 indicating strong ability to meet short-term obligations. InvestingPro subscribers can access over 15 additional exclusive ProTips and detailed financial metrics for CWST, helping investors make more informed decisions.

In other recent news, Casella Waste Systems reported its Q2 2025 earnings, revealing mixed results. The company surpassed revenue expectations with $465.3 million, compared to the forecast of $454.35 million. However, earnings per share (EPS) significantly missed projections, coming in at $0.08 against the anticipated $0.33, marking a surprise of -75.76%. Following this earnings announcement, Jefferies adjusted its price target for Casella Waste Systems from $118.00 to $115.11, while maintaining a Hold rating. Jefferies cited margin concerns as a reason for the adjustment, noting that the company experienced a "mixed quarter" with revenue exceeding expectations but underperformance in EBITDA and margins. These developments are crucial for investors considering Casella Waste Systems’ financial health and future prospects.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.