LRS has named multiple new C-suite executives in recent months amid ongoing changes to the company’s leadership lineup and M&A integration efforts, which also included a recent round of layoffs.
LRS hired Tony Cincotta as chief operating officer in December, according to LinkedIn. That role was previously held by John Larsen, who announced his retirement in October after about 10 years with the company. LRS had said it would conduct a “nationwide search” for the new COO.
Cincotta previously served as COO for Texas Pride Disposal, and he had also held manager roles at Republic Services for 15 years. He was also previously a regional vice president of Sweeping Corporation of America, where LRS CEO Matt Spencer once served as CEO.
LRS has also hired a chief human resources officer, Kate Daly, who took on the role in November, according to LinkedIn. Daly previously held several roles as either CHRO or a senior HR official for companies in the industrial and food packaging industries. She was most recently the senior vice president of global human resources for manufacturer Optimas Solutions.
These leadership changes are the latest in LRS’ recent C-suite update, with most of the company’s top roles reset in the past year. Spencer joined the company as CEO in September, while CFO Luke Chenery joined last July. Spencer and Chenery have worked at several companies affiliated with Macquarie, which owns LRS through one of its divisions.
Prior to this leadership reset, LRS completed corporate restructuring plans early last year to support an “aggressive growth strategy” by promoting numerous leaders and creating regional offices for the Great Lakes area, the Central U.S. and the South.
In addition to the subsequent leadership changes, LRS recently went through another round of layoffs. The company confirmed in March that it had reduced staff “across various departments,” but officials declined to comment on specifics such as the number of jobs affected. The total number is believed to be a small share of the company’s overall workforce.
A spokesperson said via email that the move was “part of ongoing integration efforts” due to LRS’s rapid growth through recent expansions and was “made with thoughtful consideration to align our capabilities and resources effectively, positioning LRS for continued growth and excellence.”
LRS underwent a separate round of layoffs in the fall, reducing staff by dozens. That round, which LRS also attributed to integration efforts, affected less than 1% of staff, a spokesperson said at the time. The company says it has about 2,300 employees.
LRS has scaled quickly through acquisitions and investments in recent years. This included expanding its Chicago-area footprint, while also growing in Michigan and Indiana and opening a $50 million MRF in Chicago. The company has taken steps to streamline its footprint after rapid growth, including the recent sale of previously acquired portable restroom assets in Nashville to FusionSite.
