Charah Solutions, Inc. Appoints Roger D. Shannon as Chief Financial Officer

LOUISVILLE, Ky.–(BUSINESS WIRE)–Charah® Solutions, Inc. (NYSE: CHRA) (the “Company”), a
leading provider of environmental and maintenance services to the power
generation industry, today announced the appointment of Roger D. Shannon
as Chief Financial Officer (CFO) and Treasurer, effective June 17, 2019.
Current Interim CFO and Treasurer, Nicholas Jacoby, will remain with the
Company as Vice President of Finance.

Mr. Shannon is a CPA and a CFA® charterholder with more than
30 years of corporate finance and accounting experience. He joins Charah
Solutions from ADTRAN, a publicly traded provider of next-generation
networking solutions, where he held various roles including CFO, Senior
Vice President of Finance, Treasurer and Head of Corporate Development
since 2015. Prior to his time at ADTRAN, Mr. Shannon served as CFO and
Treasurer for Steel Technologies for more than nine years. Earlier in
his career, he performed a variety of senior finance roles at
Brown-Forman and British American Tobacco, as well as accounting
positions at Vulcan Materials Company, Lexmark International and KPMG.
Mr. Shannon received a B.S. in accounting from Auburn University and an
MBA from the Terry College of Business at the University of Georgia.

“Roger is a talented executive with a long history of providing
financial and strategic leadership to successful corporations across a
range of industries. On behalf of the Board of Directors and our valued
employees, I am delighted to welcome him to Charah Solutions,” said
Scott Sewell, Charah Solutions President and Chief Executive Officer.
“We are confident that Roger’s extensive financial and public company
experience will be immediately beneficial as we continue executing our
growth strategy and delivering value to our shareholders.”

“I am very excited to join the Charah Solutions team and use my public
company CFO experience to help the Company deliver long-term, profitable
growth,” said Mr. Shannon. “Charah Solutions is well positioned for
growth, and I’m looking forward to working closely with Scott and the
rest of the leadership team, as well as the Board, to strengthen the
Company’s financial position, enhance shareholder value and contribute
to Charah Solutions’ continued success.”

About Charah Solutions, Inc.

With 30 years of experience, Charah® Solutions, Inc. is a leading
provider of environmental and maintenance services to the power
generation industry, with operations in fossil fuel and nuclear power
generation sites across the country. Based in Louisville, Kentucky,
Charah Solutions assists utilities with all aspects of managing and
recycling ash byproducts generated from the combustion of coal in the
production of electricity as well as routine power plant maintenance and
outage services for coal and nuclear energy providers. The Company also
designs and implements solutions for ash pond management and closure,
landfill construction, fly ash and slag sales, and structural fill
projects. Charah Solutions is the partner of choice for solving
customers’ most complex environmental challenges, and as an industry
leader in quality, safety, and compliance, the Company is committed to
reducing greenhouse gas emissions for a cleaner energy future. For more
information, please visit www.charah.com.

Forward-Looking Statements

This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934. All statements, other than
statements of historical facts, included in this press release that
address activities, events or developments that the company expects,
believes or anticipates will or may occur in the future are
forward-looking statements. These forward-looking statements are
identified by their use of terms and phrases such as “may,” “expect,”
“estimate,” “project,” “plan,” “believe,” “intend,” “achievable,”
“anticipate,” “will,” “continue,” “potential,” “should,” “could,” and
similar terms and phrases. These statements are based on certain
assumptions made by the company based on management’s experience and
perception of historical trends, current conditions, anticipated future
developments and other factors believed to be appropriate. Such
statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of the company,
which may cause actual results to differ materially from those implied
or expressed by the forward-looking statements.

Any forward-looking statement speaks only as of the date on which such
statement is made and the company undertakes no obligation to correct or
update any forward-looking statement, whether as a result of new
information, future events or otherwise, except as required by
applicable law.

Contacts

Investors:
Tony Semak
Charah Solutions, Inc.
(502)
245-1353
[email protected]

Media:
Joele Frank, Wilkinson Brimmer Katcher
Ed
Trissel / Kate Clark / Tim Ragones
212-355-4449
[email protected]

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