Waste Management 403rd Ranked Stock Slides 0.18% as CFO Transition Unfolds Amid Record $6.43B Revenue

On August 21, 2025, Waste Management (WM) traded at $275.00, down 0.18% from its previous close, with a trading volume of $220 million, a 48.9% decline from the prior day. The stock ranked 403rd in trading activity among U.S. equities. The move followed key leadership changes at the company as Devina Rankin, executive vice president and CFO since 2017, announced her retirement after 23 years of service. Rankin will exit the role in November 2025 but will remain as an executive advisor until March 2026 to ensure a smooth transition.

David Reed, currently vice president of West Tier operations and with eight years of tenure at WM, will assume the CFO position. Reed brings experience in corporate finance, treasury, and operations enablement, having previously served as vice president and treasurer. The transition underscores the company’s focus on maintaining operational continuity during leadership shifts. Rankin’s departure follows a 28-year consecutive dividend payment streak and a recent yield of 1.43%, reflecting the company’s stable financial position.

WM reported Q2 2025 earnings of $1.92 per share, exceeding expectations, with revenue hitting $6.43 billion. The results were driven by strong special waste volumes, strategic acquisitions, and cost efficiencies. Analysts noted the leadership change could create short-term uncertainty but emphasized Reed’s preparedness to sustain growth. The company’s $92.5 billion market capitalization and leadership in environmental solutions position it to navigate the transition with minimal disruption.

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