Date: August 31, 2006
Source: Allied Waste Industries, Inc.
Allied Waste Industries, Inc. (NYSE: AW) announced the appointment of Stephanie Drescher to its Board of Directors effective immediately. Ms. Drescher assumes the seat on Allied Waste's 11-person Board that was made available when Antony P. Ressler announced his decision to resign from the Allied Waste Board. Mr. Ressler, Managing Partner of Ares L.L.C. and a co-founder of Apollo Advisors, L.P. had served on Allied Waste's Board since 1997. Ms. Drescher will serve on the Management Development/Compensation Committee and Executive Committee of the Board of Directors.
Ms. Drescher joined Apollo in 2004 as a Partner. Prior to that time, Ms. Drescher was employed by JP Morgan for ten years, primarily in its Alternative Investments group. During her time at JP Morgan, Ms. Drescher served on the boards of directors of the JP Morgan Venture Capital Funds I and II, JP Morgan Corporate Finance Funds I and II, and JP Morgan Private Investments Inc.
Ms. Drescher graduated summa cum laude, Phi Beta Kappa from Barnard College of Columbia University and earned her MBA from Columbia Business School.
"We are pleased to announce the addition of Stephanie Drescher to the Board and look forward to benefiting from her expertise," said John Zillmer, Chairman and CEO of Allied Waste. "We would also like to extend our appreciation to Tony for his valuable leadership and contributions to Allied Waste over the past nine years."
About Allied Waste Industries
Allied Waste Industries, Inc., a leading waste services company, provides collection, recycling and disposal services to residential, commercial and industrial customers in the United States. As of June 30, 2006, the Company operated a network of 304 collection companies, 162 transfer stations, 169 active landfills and 57 recycling facilities in 37 states and Puerto Rico.
Contact: Michael Burnett, Senior Vice President, Treasurer of Allied Waste Industries, Inc., (480) 627-2785.
For more information, visit: www.alliedwaste.com.