May 2021Berkshire Partners Announces New Advisory Director, David Steiner
BOSTON, May 12, 2021 – Berkshire Partners announced today that David Steiner has joined the firm as an Advisory Director. Mr. Steiner, who is the former CEO of Waste Management, will partner with the firm’s business services and industrials teams to source new investment ideas and advise portfolio companies.
“We are pleased to welcome David to our team,” said Dave Bordeau, a Managing Director at Berkshire Partners. “He brings deep leadership expertise across a range of services businesses, and we know he will be a valuable addition to our Advisory Director team.”
Mr. Steiner was CEO of Waste Management, the largest solid waste and recycling company in North America, from 2004 to 2016, where he also held the positions of President, CFO, General Counsel, and Corporate Secretary. Earlier in his career, he was a Partner at the law firm Phelps Dunbar LLP. He is currently the Lead Independent Director of FedEx, where he also chairs the Board’s nominating and governance committee, and a Director of Vulcan Materials Company. He was previously a Director of TE Connectivity and Waste Management. Mr. Steiner also currently serves on several non-profit and educational boards, including the E.J. Ourso College of Business at Louisiana State University.
“I am pleased to join the team at Berkshire Partners,” said Mr. Steiner. “I have been impressed by their approach to partnering with management teams and look forward to helping discover unique investment opportunities and drive value creation.”
“David is a renowned business leader, and we are thrilled to partner with him as we evaluate opportunities across a range of commercial and residential services businesses,” said Spencer Murray, Vice President at Berkshire Partners.
About Berkshire Partners
Berkshire Partners, a Boston-based firm, has 35 years of investment history. Berkshire Private Equity has made more than 130 private equity investments since its inception and has a strong history of partnering with management teams to grow the companies in which it invests. The firm has industry expertise in multiple areas, including in business services & technology, communications, consumer, healthcare, and industrials. For additional information, and to see a full list of the firm’s private equity investments, visit www.berkshirepartners.com.