Mr. David M. Barse has served on the board of directors of Covanta Holding Corporation since 1996 and is a member of the Audit and Executive Committees. He previously served as president and chief executive officer from July 1996 until July 24, 2002 of Danielson Holding Corporation, Covanta’s predecessor.
David Barse founded and is the Chief Executive Officer of XOUT Capital LLC, an index company related to the Asset Management Industry based in Harrison, NY. Mr. Barse is also the founder and Chief Investment Officer of DMB Holdings, LLC, a private family office with a diverse investment portfolio. Until 2015, Mr. Barse was chief executive officer of Third Avenue Management, an investment adviser to private and institutional clients. Under his leadership, Third Avenue grew its assets and broadened its product offerings to include mutual funds, separate accounts, subadvised portfolios and private partnerships, without sacrificing its disciplined value investing strategy.
Mr. Barse has been frequently involved in larger strategic and special situation investments, including actively participating in Third Avenue’s investment in Danielson Holding Corporation, as both an officer and director. In addition to serving as director of Covanta, Mr. Barse has the honor of serving as a trustee of Brooklyn Law School and as a director of the City Parks Foundation.