Coal, Material Handling, O&M, Retrofits & Upgrades

Coal ash firm Charah hires Shannon as CFO

Coal ash recycling firm Charah Solutions Inc. has named Roger D. Shannon as its new chief financial officer and treasurer.

“Roger is a talented executive with a long history of providing financial and strategic leadership to successful corporations across a range of industries. On behalf of the board of directors and our valued employees, I am delighted to welcome him to Charah Solutions,” said Scott Sewell, Charah Solutions president and CEO. “We are confident that Roger’s extensive financial and public company experience will be immediately beneficial as we continue executing our growth strategy and delivering value to our shareholders.”   

Nicholas Jacoby, who has been the company’s interim CFO and treasurer, will remain as vice president of finance. Shannon takes charge of his new role next week.

Shannon has more than 30 years of corporate finance and accounting experience. He previously was at ADTRAN in roles including CFO, senior vice president of finance and head of corporate development.

Prior to ADTRAN, Shannon also served in similar roles at Steel Technologies for more than nine years until 2015. Shannon received a B.S. in accounting from Auburn University and an MBA from the Terry College of Business at the University of Georgia.

“I am very excited to join the Charah Solutions team and use my public company CFO experience to help the Company deliver long-term, profitable growth,” said Mr. Shannon. “Charah Solutions is well positioned for growth, and I’m looking forward to working closely with Scott and the rest of the leadership team, as well as the Board, to strengthen the Company’s financial position, enhance shareholder value and contribute to Charah Solutions’ continued success.”

Charah Solutions provides environmental and maintenance services to the power generation industry, with operations in fossil fuel and nuclear power generation sites nationwide. The Louisville, Kentucky-based company assists utilities with all aspects of managing and recycling ash byproducts generation from the combustion of coal in electricity generation.