HOUSTON— November 10, 2016 — Waste Management, Inc. (NYSE: WM) today announced that it has named James (Jim) C. Fish, Jr. as the Company’s President and Chief Executive Officer. He has also been elected to the Board of Directors. Fish succeeds David P. Steiner as CEO. Steiner served as CEO since 2004 and remains on the Board of Directors. W. Robert Reum, Non-Executive Chairman of the Board, said: “Today’s announcement is the culmination of a succession planning process we started 18 months ago with the support of the entire Board. Over the last 15 years at Waste Management, Jim has consistently delivered results, and has the skills and leadership qualities that make him ideally suited for the role. He has a deep understanding of our strategy, impressive financial and operational acumen and strong support from employees, customers and investors. We look forward to working closely with him and the rest of the senior leadership team as the Company continues to execute on its long-term strategy.” Reum continued: “On behalf of the Board, I would like to thank David for his many contributions to our Company’s success over 16 years and his dedicated and effective service as CEO for the past twelve years.” “It is a privilege to be named CEO of Waste Management, and I greatly appreciate the Board’s confidence in me,” said Fish. “Waste Management has executed extremely well on our overall strategy, the results of which are reflected in our very strong shareholder returns. Our strategy is sound and I look forward to working with the Board, the leadership team and all of our talented employees in continuing to provide superior service to our valued customers.” The Company is continuing its search for a CFO. In the interim, Fish will continue to lead the finance organization. Waste Management also announced that it has scheduled a shareholder-analyst conference call on November 11, 2016 at 8:00 a.m. Eastern Time to discuss Jim Fish’s election. What: Waste Management shareholder-analyst conference call When: Friday, November 11, 2016 at 8:00 a.m. Eastern Time Where: A live audio webcast of the conference call can be accessed by logging onto http://www.wm.com and selecting “Events and Presentations” in the Investor Relations section of our website. You may also listen to the analyst conference call by telephone by contacting the conference call operator 5-10 minutes prior to the scheduled start time and asking for the “Waste Management Conference Call — Call ID 19301943.” US/Canada Dial-In #: (877) 710-6139. Int’l/Local Dial-In #: (706) 643-7398. Participation will be in listen-only mode. | 