DTG Recycle names new CFO
DTG Recycle, Mill Creek, Washington, has hired Andrew Pickering as the company’s new chief financial officer (CFO). Pickering, who joined the company effective June 1, was selected after a search led by Texas-based executive recruiting firm Global Recruiters of McKinney.
In addition to corporate and operational accounting responsibilities, Pickering will be tasked with overseeing the upfront evaluation and the ultimate integration of the financial aspects of DTG’s pipeline of acquisitions. He also will be charged with leading an upgrade of DTG’s management reporting systems to help the company optimize profitability across its lines of business.“We were impressed with Andrew’s experience bringing together multiple accounting platforms into a single, cohesive reporting mechanism,” Tom Vaughn, CEO of DTG Recycle, says. “This competency is critical to DTG as we continue to expand with acquisitions and new service and product lines. Andrew’s experience rapidly scaling companies was also very attractive to DTG, and we are eager to leverage his expertise in our growth plan.”
Vaughn says that conducting an executive search during the COVID-19 pandemic presented some challenges, but Global Recruiters of McKinney President Tyler Frisbie helped expedite the process via the company’s nationwide network. This process allowed DTG to fill the role quicker than anticipated.
“Engaging Tyler Frisbie allowed us to view a variety of candidates from across the country and from a multitude of industries in a relatively short period of time. Given the COVID-19 challenges, it was impressive that Tyler was able to marshal a significant number of highly qualified candidates, particularly from our home market here in the Puget Sound region,” Vaughn says.
Earlier this year, DTG announced a $32 million minority growth equity financing led by Toronto-based Clairvest in partnership with existing shareholders.
Adrian Pasricha, a partner at Clairvest, says that the addition of Pickering will help the company as it continues to broaden its existing customer base.
“DTG has been on a high-growth trajectory for some time already, and the business plan going forward is to keep up that pace,” Pasricha says. “Recruiting a high-energy CFO with experience managing hyper-growth, tracking operational stats meticulously, and working with private-equity investors was essential to meeting [DTG founder] Dan Guimont’s and Clairvest’s value-creation objectives.”
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