LI environmental cleanup firm's president resigns
The president of NRC Group Holdings Corp., which cleans up oil spills and other environmental disasters, resigned effective Wednesday, the company said in a government filing.
The resignation of NRC Group Holdings executive Paul Taveira comes less than four months after the Great River company began trading on public markets following its sale by a private equity firm to a "blank-check" company. "Blank check" companies are formed as vehicles for making acquisitions.
NRC Group stock fell 2.3 percent to close Thursday at $9.13.
The filing said Taveira's exit "is part of the ongoing effort to further integrate the business and drive operational efficiencies across the company."
Taveira will receive 12 months of his base salary, worth $375,000, as severance.
NRC Group was sold by J.F. Lehman & Co. to Hennessy Capital Acquisition Corp. III for $662.5 million.
After the sale Hennessy changed its name to NRC Group Holdings.
Ken Schachter covers corporate news, including technology and aerospace, and other business topics for Newsday. He has also worked at The Miami Herald and The Jerusalem Post.
Sarra Sounds Off Ep 36: Champs crowned in lax and flag football On the latest episode of "Sarra Sounds Off," Gregg talks with Michael Sicoli and Tess Ferguson about county champs crowned in boys and girls lacrosse, and Jared Valuzzi reports on the Long Island flag football championship.
Sarra Sounds Off Ep 36: Champs crowned in lax and flag football On the latest episode of "Sarra Sounds Off," Gregg talks with Michael Sicoli and Tess Ferguson about county champs crowned in boys and girls lacrosse, and Jared Valuzzi reports on the Long Island flag football championship.
