Divert, Inc. Announces Appointment of Timothy M. Laurion to Board of Directors

November 19, 2024 at 09:00 AM EST

Laurion brings more than 30 years of leadership in environmental services banking at Bank of America

Divert, Inc., an impact technology company on a mission to Protect the Value of Food™, announced today the appointment of Timothy M. Laurion to the board of directors of Ara Divert Holdco, its parent company. Laurion brings more than 41 years of leadership in corporate and investment banking from Bank of America, with the majority of his career focused on the environmental services industry.

“We are thrilled to welcome Tim to the Divert board during a crucial period of rapid growth and development for our company,” said Ryan Begin, CEO and co-founder, Divert. “Tim is highly regarded across the waste management and environmental banking industry and has extensive knowledge from a long and successful career at Bank of America. He will bring invaluable insights and strategic guidance as we navigate new opportunities for the business to drive Divert’s mission forward.”

Laurion spent his entire career at Bank of America, where he served as a managing director and senior corporate banker in the global corporate and investment banking division. He is considered one of the nation’s leading bankers to the environmental services industry, having developed and maintained lead banker relationships with most of the country’s top environmental and waste firms in the last 30 years of his career.

“After a decades-long career of serving the waste industry, I am pleased to join Divert’s board,” said Laurion. “I am deeply aligned with the company’s mission and highly impressed by the exceptional team that’s been built to drive Divert to its next level of success. I look forward to working alongside the entire board to advance the company’s vision for a sustainable future.”

In addition to his broad knowledge of the environmental sector, Laurion brings extensive experience as a trusted strategic advisor, providing counsel on capital raising, mergers and acquisitions, balance sheet management, capital allocation, and growth planning. He has structured and arranged over $100 billion in credit facilities to support the growth initiatives of his clients over the many decades in the environmental sector.

Since 2023, Laurion has also served as a member of the board of directors of Enviri Corporation (NYSE: NVRI), a leading environmental solutions company, and a member of the audit and governance committees of the board.

Tim has a Bachelor of Arts from Bowdoin College, a Master of Business Administration from Suffolk University, and is a Chartered Financial Analyst (CFA).

For more information about Divert, please click here.

About Divert, Inc.

Divert, Inc. is an impact technology company on a mission to Protect the Value of Food™. Founded in 2007, the company creates advanced technologies and sustainable infrastructure to address wasted food, driving social and environmental impact. Divert provides an end-to-end solution that leverages data to prevent waste, facilitates edible food recovery to serve communities in need, and converts unsold food products into renewable energy. Through this integrated approach - Prevent, Provide, Power™ - the company works with over 7,200 customer locations across the U.S. to reduce wasted food and positively impact people and the environment. Its customer base spans across industries and includes five Fortune 100 companies. For more information on Divert, Inc., please visit www.divertinc.com and follow the company on LinkedIn, X, Threads, Instagram, Facebook, and YouTube.