Dive Brief:

• Covanta Holding Corp. announced Stephen J. Jones will step into the role of chief executive officer of the company in March.
• Jones will take the place of Anthony J. Orlando, the current president and CEO, who will remain at the company as a director.
• The renewable energy and waste management firm is based in Morristown, NJ.

Dive Insight:

Jones has 22 years of experience at Air Products, an industrial chemical manufacturing corporation, and most recently acted as the company’s senior vice president, overseeing the tonnage gases segment and the equipment and energy unit.

The company sees the transition in leadership as part of its growth strategy and focus on value creation.