Research Reports

Key takeaways

Rafael E. Carrasco, SVP Enterprise Strategy and President WM Healthcare Solutions, retiring July 17, 2026 after 10 years service.

Tara J. Hemmer promoted to Executive Vice President and COO, reporting to President John J. Morris, effective May 13, 2026.

John J. Morris voluntarily resigned as COO.

Hemmer's base salary increased to $850,000; target annual cash incentive 105% of base salary.

Hemmer granted RSUs valued at $575,000 vesting 34%/33%/33% over three years.

WM Healthcare Solutions to report directly to John Morris post-Carrasco retirement.

Full analysis

The leadership transition at Waste Management involves the retirement of Rafael E. Carrasco, who led the Stericycle acquisition integration and healthcare solutions growth, ensuring continuity as the business shifts to report directly to President John Morris. Tara Hemmer's promotion to COO, after 27 years with the company including roles in field operations and sustainability, positions her to oversee the operating platform while continuing sustainability efforts like RNG and recycling expansion. Her compensation package, with a $850,000 base, 105% target incentive, and $575,000 RSUs under the 2023 Stock Incentive Plan, aligns incentives with long-term performance through graded vesting and protections for death, disability, retirement post-2027, and certain terminations. This change signals operational stability and strategic focus on modernization and shareholder value.

WM · Waste Management, Inc.

Summary

Key takeaways

Full analysis