WM announced that Devina Rankin, executive vice president and chief financial officer, is planning to retire. After nearly 23 successful years with the company, Rankin has decided to dedicate focus to her long-standing passions for education and not-for-profit service. She will transition out of the CFO role in November 2025 and will remain as an executive advisor to ensure an effective transition through March 2026.
鈥淒evina has been an invaluable contributor to WM鈥檚 successes over the years, whether it be collaborating to deliver impressive financial results or evolving our strategy and culture to focus on growth, technology, sustainability, and our core values,鈥� said聽Jim Fish, chief executive officer. 鈥淎s a passionate, driven, and people-centric leader, she has played an incredibly important role on WM鈥檚 senior leadership team since becoming CFO in 2017. Devina鈥檚 eight and a half years with me as CFO and CEO have been hugely impactful to me, to our company, and to our shareholders. I know Devina is excited to take this next big step in her life, and I have no doubt that she will be successful.鈥�
David Reed will succeed Rankin as executive vice president and CFO. Reed, who has been with the company for eight years, is currently vice president and business partner for WM鈥檚 West Tier operations and before that served as the company鈥檚 vice president and treasurer. He brings extensive finance and leadership experience to the role with a background that includes investment banking, investor relations, corporate finance, treasury, and operations enablement.
鈥淒avid is a well-respected leader known for his strategic thinking, discipline, and partnership,鈥� said Fish. 鈥淗e has been a valuable member of the WM finance and operations teams, and we are confident in his ability to scale his impact as we focus on WM鈥檚 long-term growth.鈥�