Safety-Kleen President, CEO Florjancic to Retire

PLANO, Texas - Safety-Kleen yesterday announced the retirement of its President and CEO Frederick J. Florjancic effective Dec. 31, 2009.

"After a 40-year business career, the last six leading Safety-Kleen, I have decided to retire," Florjancic, 63, said. "It has truly been a pleasure and privilege to work with the men and women of Safety-Kleen to help conserve scarce resources through recycling and to provide the highest quality products and services in the environmental service industry. I'm very proud to have been a part of a great organization."

Florjancic will remain with Safety-Kleen in a consulting capacity for several months to assist the company's Board of Directors in conducting a search for his successor and provide for an orderly transition.

Florjancic became President and CEO of Safety-Kleen in June 2004, shortly after the company emerged from bankruptcy. During his tenure, Florjancic helped restore operational stability, completed two re-financings of the company's debt, resulting in significant interest savings, and grew company revenues by almost 50 percent, from approximately $860 million in 2004 to approximately $1.2 billion in 2008.

Safety-Kleen is a leading North American used oil recycling and re-refining, parts cleaning and environmental solutions company, with approximately 4,300 employees serving approximately 330,000 customer locations in the United States, Canada, Mexico and Puerto Rico. Safety-Kleen provides a broad set of environmentally-responsible products and services that keep North American businesses in balance with the environment.