Agilyx Corporation announced that Joseph Vaillancourt will assume the role of chief executive officer in addition to his role as chairman. Ross M. Patten, who has served as chief executive officer since 2012, will remain on the board of directors and will transition to president.
In addition, William Cooper, who has over 20 years of experience in investment banking in the industrial and cleantech sectors, will assume the role of chief financial officer. These moves, in combination with other planned changes, will allow the company to focus on strategic partnerships and financing relating to the next phase of its growth: scaling its polystyrene recycling technology platform domestically and in certain international markets. As president, Patten will oversee the company’s operations and project development activities related to this next phase of growth.
Vaillancourt brings more than 25 years of operational, financial, and strategic experience in industrial and environmental infrastructure development. He has participated in the financing and commercialization of more than 15 environmental technologies and has worked closely with private equity firms in the energy and industrial sectors. In 2014, Vaillancourt retired from a 15 year tenure with Waste Management Inc. where he held several senior roles across the company and ultimately was involved in creating and managing the company’s corporate venturing activities. Vaillancourt has also held various roles in founding more than 10 companies in a diverse set of industries.
Cooper has spent over 20 years in investment banking with ABN AMRO, Donaldson, Lufkin & Jenrette, Seven Hills, and Wedbush Securities, specializing in M&A and growth financings across industrial, environmental, cleantech and medtech sectors.
Published in the May 2017 Edition of American Recycler News
