Synagro ceo biography
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Executive Leadership Team
Yolanda Chen is Synagro’s Senior Vice President of Finance. She is seasoned finance leader with experience in both public and private sectors from risk management, telecommunications, and high-tech manufacturing industries. She has experience in corporate finance, treasury, corporate governance, business intelligence, mergers and acquisition, with strong leadership deep-rooted in trust and integrity. Yolanda is recognized as a dynamic change leader, and a forward-thinking strategic partner.
Prior to joining Synagro, as a vice president of finance for a private equity-owned multinational company, Yolanda restructured and streamlined finance functions across multiple countries, platforms and currencies, deployed A standardized global payroll platform in multiple regions, supported global supply chain and quotation continuous improvement effort, managed greenfield in Asia to navigate supply chain tariff risk, and as a part of the leadership team, propelled the company to double-digit growth four consecutive years.
Yolanda holds a bachelor’s degree in Commerce from the Rotman School of Management at the University of Toronto and a master’s degree in Finance from the Smith School of Business at Queen’s University. She was one of the first organizers f
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Synagro Technologies Inc., one of the largest contractors working with city government, filed for bankruptcy Wednesday as part of its planned sale to a European private equity group.
Synagro president and chief executive officer Eric Zimmer said the Chapter 11 filing in Delaware would not affect the firm's South Philadelphia plant, which turns human waste into fertilizer and fuel.
Houston-based Synagro, which has long been financially squeezed, is owned by another equity firm, Carlyle Group.
The bankruptcy is an interim step in Synagro's sale to Sweden's EQT Infrastructure II within the next 90 days. The deal is valued at $455 million, Synagro said. Under EQT's ownership, it will continue to use the name Synagro.
Zimmer said there would be no changes in the company's 23-year contract with the city, worth $590 million - one of the largest agreements Synagro has with any municipality.
The Philadelphia operation is funded by general revenue bonds, similar to plants in Baltimore and Sacramento, Calif. The facilities in the three cities are being sold directly to EQT and are not part of the bankruptcy, Zimmer said.
"That gives additional stability to our Philadelphia facility," he said.
Zimmer said city officials got notice of the sale, which was in the works for about a yea