Covanta, a leader in sustainable materials management and a provider of environmental solutions benefiting businesses and communities across North America, has announced the appointment of Gregg Kam as its new chief financial officer (CFO).
Kam succeeds Brad Helgeson, who left the Morristown, New Jersey, company June 1 after a 15-year tenure. Helgeson was instrumental in the development of Covanta’s operational and financial strategy, and his contributions were central to many of the successful steps taken to create value for shareholders.
“I am thrilled to join Covanta, especially during this chapter in its history,” Kam says. “There are many exciting developments ahead, and I look forward to being a valuable partner to the leadership team as we look to meet our ambitious strategic goals.”
As CFO, Kam will lead Covanta’s financial activities and its finance organization, including accounting and controllership, financial planning and analysis, tax issues, internal audit and treasury. He will report to President and CEO Azeez Mohammed and act as a strategic partner to the board of directors and private equity sponsor, supporting the company’s growth objectives through organic and inorganic activities.
“Gregg brings a wealth of business acumen and leadership to this role at a critical time for Covanta,” Mohammed says. “Most notably, his significant private equity experience gives us a great advantage in maximizing our growth potential as we take the company to the next level. I am pleased to welcome him to the team.”
Kam brings more than two decades of experience to the CFO post at Covanta, including stints as CFO with kdc/one, a leader in custom formulation, package design and manufacturing solutions for beauty and personal care items; Sonneborn LLC, a manufacturer of specialty hydrocarbons; The Newark Group Inc., a manufacturer of recycled paperboard products; and International Specialty Products Inc, a global specialty chemical manufacturer.
Kam holds a master’s degree in business administration in finance from the New York University’s Stern School and is a certified public accountant.