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Darling International Inc. Announces Succession Planning For Chief Financial Officer

Texas Business reports: IRVING—Darling International Inc. announced effective September 1, 2012, Colin Stevenson will become executive vice president - chief financial officer, and John O. Muse, the company's current executive vice president - finance and administration, will become the company's executive vice president - chief administrative officer.

Stevenson will report to Muse, who has indicated his intent to retire from the company at the end of 2014.

“We are pleased to add Colin Stevenson to our management team to eventually succeed John Muse, our current executive vice president - Finance and Administration, who has indicated his intent to retire from the Company at the end of 2014,” said Darling International chief executive Randall Stuewe in a prepared statement. “Colin's hiring at this time will allow ample time for a smooth succession at the chief financial officer position. Colin possesses the skills the company is looking for in this position and will be a valuable contributor as the company continues to execute on its strategic plans.”

 Stevenson has been with PricewaterhouseCoopers LLP since 1999, where he became a partner in 2002 and most recently served as leader of its Dallas Financial Services Tax Group. During his career at PwC, he served a diversified group of publicly-traded and private companies in a wide variety of industries including manufacturing, real estate, private equity, technology and services. Prior to PwC, Stevenson spent approximately 8 years in industry holding a variety of positions including CFO and division president for privately held construction and land development entities, as well as regional vice president of financial operations for the Ryland Group, a publicly-traded company on the NYSE.

Darling International Inc. is the largest and only publicly traded provider of rendering and bakery waste recycling solutions to the nation's food industry. The company recycles beef, pork and poultry waste streams into useable ingredients such as tallow, feed-grade fats, meat and bone meal, poultry meal and hides. The company also recovers and converts used cooking oil and commercial bakery waste into valuable feed and fuel ingredients. These products are primarily sold to agricultural, pet food, leather, oleo-chemical and bio-diesel manufacturers around the world. In addition, the company provides grease trap collection services and sells used cooking oil collection equipment to restaurants.