LAWRENCE JACKSON NAMED TO OAKLEAF'S BOARD OF DIRECTORS

Jackson Brings Three Decades of Retail and Fortune 500 Management Experience to Leading Waste and Recycling Company

East Hartford, Conn. (August 8, 2008)—OAKLEAF, the nation’s leading provider of waste and recycling services, has named Lawrence V. Jackson to its Board of Directors. Mr. Jackson has been recognized for over three decades for his proven leadership with some of the nation’s leading Fortune 500 companies. He is well versed in numerous industry sectors including retail operations and possesses vast experience in management, operations, sales and procurement.    
 

"Lawrence Jackson is an extremely talented and enterprising business professional who has worked with some of the most successful corporations in the world,” said Jim Barnes, Chief Executive Officer, OAKLEAF. “Lawrence has an extremely strong background in the retail industry which will be a key factor in helping OAKLEAF parlay relationships and forge strong partnerships within the growing retail sector.  I am delighted to have him join OAKLEAF’s Board of Directors."

Prior to his appointment to OAKLEAF’s Board of Directors, Mr. Jackson was President and Chief Executive Officer of Global Procurement at Wal-Mart Stores, Inc., where he led strategic planning and sustainability efforts— key initiatives that garnered Wal-Mart unprecedented success. Additionally, Jackson was responsible for global purchasing for Wal-Mart, successfully leading efforts of purchasing offices in over 28 countries.  

In addition to his tenure at Wal-Mart, Mr. Jackson’s past experience includes serving as President and Chief Operating Officer at Dollar General Stores, Inc., where he was responsible for the majority of the company’s business operations. He grew Dollar General’s revenue from $6.8 billion to $8 billion dollars in just 18 months. Additionally, Jackson built a distribution facility that increased storewide delivery methods, as well as opened 700 stores. Thanks to his keen business sense, Dollar General’s sales grew twice the industry rate.  

A seasoned business executive, Jackson spent 16 years at PepsiCo, Inc., where he held a host of high level positions including Senior Vice President and Chief Executive Operating Officer of Worldwide Operations, PepsiCo Food Systems; Vice President/General Manager, Pepsi Cola Company; Vice President, On-Premise Sales, Pepsi Cola Company; Vice President, Operations, Pepsi Cola Company, and Plant Manager, Pepsi Cola Company.   
   

Mr. Jackson is a resident of Nashville, Tennessee and holds an MBA from Harvard Business School and a BA in Economics from Harvard University in Cambridge, Massachusetts.

   

 

About OAKLEAF
OAKLEAF, founded in 1995, is an authority in providing sustainable waste logistics and recycling solutions for a broad base of multi-location retail, restaurant, hotel, manufacturing, property management and mall clients including Sears, United Technologies, Kmart, GAP, TGI Fridays and more. As the most rapidly growing waste outsourcing company in the nation with operations throughout the United States and Canada, an employee base of more than 750 employees, and a nationwide network of over 5,500 certified haulers, recyclers, and waste diversion experts, OAKLEAF provides services to over 100,000 locations throughout North America. OAKLEAF is backed by New Mountain Capital who provides significant financial and strategic resources to help continue OAKLEAF’s strong growth and superior service to its customers. OAKLEAF has been recognized eleven times since 2001 by Inc. Magazine, including being named four times to the Inc. 500 List (now the Inc. 5000 List) and being recognized seven times by ICIC, the Initiative for a Competitive Inner City. Subsidiary operations include Valet Waste (doorstep trash pick up for the multifamily industry), IEM (mall services), WasteLess Environmental Management (waste logistics solutions for Canadian companies), and Greenleaf Compaction (equipment rentals, leases, and sales). OAKLEAF is also the exclusive provider of dumpster services for The Home Depot Dumpster Rentals. For more information on OAKLEAF, please visit www.oakleafwaste.com.

About New Mountain Capital
New Mountain Capital is a New York-based private equity firm investing for long-term capital appreciation through direct investment in growth equity transactions, leveraged acquisitions and management buyouts. The Firm currently manages private and public equity funds with over $6 billion in aggregate commitments. New Mountain seeks out the highest-quality growth leaders in carefully selected industry sectors, and then works intensively with management to build the value of these companies. For more information on New Mountain Capital, please visit www.newmountaincapital.com.


Contact:
Mary Beth Tryon
Director of Marketing
Phone: 860-256-2018
Cell:  860-778-0803
Email: marybeth.tryon@oakleafwaste.com