Republic Services, Inc. announced the retirement of Chief Executive Officer Donald W. Slager, effective June 25, 2021. Mr. Slager has been CEO of Republic Services since January 1, 2011. From 2011 to 2019, Mr. Slager realized $137,669,367 in total compensation.
On March 26, 2021, Mr. Slager and Republic Services entered into a transition agreement under which he will serve as a consultant to the Company through December 31, 2021.
On June 25, 2021, Jon Vander Ark will assume the additional role of Chief Executive Officer. Mr. Vander Ark currently serves as President of the Company. In connection with his promotion to CEO, Mr. Vander Ark will receive an annual salary of $1,000,000 and a target bonus of $1,350,000. Additionally, Mr. Vander Ark will receive additional grants of PSUs and RSUs, with target values of $850,000 and $400,000, respectively.
To view the details of this transition, please click here.
Donald Slager is the 16th CEO from the Equilar 500 to announce their resignation in 2021.
Senior Research Analyst at Equilar
Owen Gilles, Senior Research Analyst at Equilar, authored this post. Please contact Amit Batish, Director, Content & Communications, at firstname.lastname@example.org for more information on Equilar research and data analysis.