WM Executive Vice President and CFO Devina Rankin will retire from her position in November, the company announced Thursday. Rankin, who has held the position for more than eight years, will remain on as an advisor through March 2026.
“Devina has been an invaluable contributor to WM’s successes over the years, whether it be collaborating to deliver impressive financial results or evolving our strategy and culture to focus on growth, technology, sustainability, and our core values,” CEO Jim Fish said in a statement. “As a passionate, driven, and people-centric leader, she has played an incredibly important role on WM’s senior leadership team since becoming CFO in 2017."
Rankin will be succeeded by David Reed, currently vice president and business partner for WM’s West Tier operations. Reed was previously vice president and treasurer for WM. Rankin also held those positions prior to her elevation to the CFO role.
Rankin has been with WM since 2002, and has held multiple roles at the company.
In 2016, Jim Fish became CEO of WM, taking over for David Steiner and opening up a vacancy in the CFO position. Rankin was selected as interim CFO in January 2017 before being appointed to the position permanently that February. She was also elevated from senior vice president to executive vice president in February 2020.
Rankin first joined WM when it was in the process of acquiring USA Waste. Despite the difficulties of that deal, she saw in WM a strong underlying business that drew her in, Rankin told Waste Dive in 2017.
“Our customers were still being served every day and our employees were still doing great work on the front line and the business kept going and kept generating strong results, strong cash flow, strong earnings. That resilience I think was kind of the first indication to me of what a great business this was,” Rankin said.
Rankin leaves WM as it works to integrate Stericycle, a major acquisition that closed last year. The company also recently decreased its 2025 revenue guidance in its second quarter earnings release. WM attributed that change to the impact of winter weather in Q1 and lower commodity prices, which affected the industry as a whole.
Rankin is member of Key Bank’s board of directors and a visiting lecturer at Texas A&M University’s business school, accordign to her LinkedIn profile. The release announcing her departure noted her intention to focus on “her long-standing passions for education and not-for-profit service” going forward.
