- Stericycle, a U.S.-based medical waste disposal company, announced CIO David Stahl is stepping down, and CFO Janet Zelenka will assume his duties, the company announced in a regulatory 8-K filing Friday. Zelenka will add the CIO role to her duties on June 28.
- "The organizational change reflects [Stericycle's] streamlining," the company said in the filing. It follows the execution of its portfolio rationalization initiative, deferral of ERP system deployment to 2021 given COVID-19 restrictions, its need for cash, and its continued focus on cost management, the company said.
- The Bannockburn, Illinois-based company anticipates combining the CFO and CIO roles will "further support effective IT-related internal controls implementation, operation of the ERP system as designed and enhanced efficiency of financial systems," the release said.
The CIO and CFO roles do not often intersect. But throughout her career, Zelenka has served as a CFO and a CIO at different companies, and once occupied both roles concurrently.
Between 2017 and 2019, Zelenka served as both CFO and CIO of Essendant, a Fortune 500 value-added distributor based out of Deerfield, Illinois, according to her LinkedIn. The release did not confirm whether Zelenka's CFO-CIO duties will be permanent or on an interim basis.
Cindy Miller, who took over as Stericycle CEO in May following more than 30 years at UPS, has precipitated the change, replacing more than half of Stericycle's senior executives so far in her tenure. She has tapped former UPS executives for the top roles, including chief people officer and chief commercial officer.
In the last year, under Miller's leadership, Stericycle has spent $148 million on costs related to laying off 1.5% of its workforce of 22,500, and implementing business process management software, according to Crain's Chicago Business.
Stahl, whose last day with Stericycle is June 27, has been with the company since 2016. He previously served as CIO for Duracell and Hillshire Brands. Stericycle's 8K filing did not disclose a reason for Stahl's departure.
In recognition of Zelenka's additional duties, Stericycle's board agreed to increase her base salary from $575,000 per year to $625,000. The financial terms of Stahl's departure have not yet been finally determined, the company wrote.
Representatives for Stericycle and for Zelenka declined to comment, citing quiet period.