On February 13, 2025, Jeff Rizzo, a member of the Board of Directors (the ?Board?) of Titan Environmental Solutions Inc. (the ?Company?), announced his resignation from the Board and all committees thereof. Mr. Rizzo had been a member of the Board since May 19, 2023, at which time the Company acquired Titan Trucking LLC, the Company?s operating subsidiary for which Mr. Rizzo was at that time the Managing Member. Mr. Rizzo previously had, on February 9, 2025, resigned as the Company?s Chief Operating Officer.
To the knowledge of the Company, Mr. Rizzo?s decision to resign from the Board was a result of his resignation as an executive officer of the Company and was not related to any disagreements with the Company on any matter relating to its operations, policies or practices or any issues regarding financial disclosures, accounting or legal matters. Following Mr. Rizzo?s resignation from the Board, the Board removed Mr. Rizzo as the President of its operating subsidiaries, Titan Trucking LLC, Standard Trucking LLC and Standard Waste Services, LLC (?Standard?), and appointed Glen Miller, the Company?s Chief Executive Officer, as the President of those subsidiaries. The Board also expanded the role of Dominic Campo, a consultant to the Company and the former Chief Executive of Standard, to oversee the day-to-day operations of the Company?s operating subsidiaries.
Mr. Campo was the Chief Executive Officer of Standard at the time of the Company?s acquisition of Standard in May 2024.
