WM Appoints Tara Hemmer as Executive VP & COO; Senior VP Carrasco to Retire

summarizeSummary

Waste Management announced the promotion of Tara Hemmer to Executive Vice President and Chief Operating Officer, a key leadership role, while Senior Vice President Rafael Carrasco will retire.

check_boxKey Events

• New Chief Operating Officer Appointed

  Tara Hemmer, previously Senior Vice President and Chief Sustainability Officer, has been promoted to Executive Vice President and Chief Operating Officer, reporting to President John J. Morris, Jr.

• Leadership Restructuring

  President John J. Morris, Jr. voluntarily resigned from the Chief Operating Officer position but remains President.

• Senior Vice President Retirement

  Rafael E. Carrasco, Senior Vice President, Enterprise Strategy and President, WM Healthcare Solutions, will retire on July 17, 2026, after 10 years of service.

• Executive Compensation Update

  Ms. Hemmer's annual base salary increased to $850,000, with a target annual cash incentive of 105% of base salary, and she received a $575,000 Restricted Stock Unit (RSU) award.

auto_awesomeAnalysis

The promotion of Tara Hemmer, a 27-year veteran, to Chief Operating Officer signals strong internal succession planning and continuity in leadership for Waste Management. This move, coupled with the retirement of a long-serving Senior Vice President, reinforces the company's strategic direction following recent strong financial performance.