Schnitzer Announces Board Leadership Transition
April 02 2020 - 8:00AM
Business Wire
Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) today announced
that its Board of Directors has unanimously elected Tamara L.
Lundgren to succeed John D. Carter as Chairman of the Board,
effective as of March 27, 2020. Ms. Lundgren will continue to serve
as Schnitzer’s President and Chief Executive Officer, a role she
has held since December 2008. Mr. Carter will continue to serve as
a member of the Board and will serve as Chairman Emeritus until the
January 2021 annual meeting. Wayland R. Hicks will continue in his
role as Lead Independent Director.
“On behalf of the Board, we are pleased to appoint Tamara as
Schnitzer’s Chairman, in addition to her continuing role as Chief
Executive Officer,” said Wayland Hicks, Lead Independent Director
of the Schnitzer Board of Directors. “Tamara has made a significant
impact on the Company, and the Board believes her strategic vision,
proven leadership capabilities, and ability to execute through the
cycle make her the right person to lead Schnitzer both as CEO and
as Chairman of the Board. The Board has benefited from John’s
wisdom and experience and is very grateful to John for his many
years of leadership as Chairman of the Board.”
“I am honored by the confidence the Board has placed in me, and
I am excited about leading this great company as Chairman and CEO,”
said Tamara Lundgren, Schnitzer’s Chairman and Chief Executive
Officer. “I look forward to working with the Board and all our
stakeholders as we continue on our journey to expand Schnitzer’s
leading position and global reach. I want to thank John for his
extraordinary counsel and service as Chairman of the Board, and I
look forward to continuing to work closely with Wayland as Lead
Independent Director.”
About Schnitzer Steel Industries, Inc.
Schnitzer Steel Industries, Inc. is one of the largest
manufacturers and exporters of recycled metal products in North
America with operating facilities located in 23 states, Puerto Rico
and Western Canada. Schnitzer has seven deep water export
facilities located on both the East and West Coasts and in Hawaii
and Puerto Rico. The Company’s integrated operating platform also
includes 51 stores which sell serviceable used auto parts from
salvaged vehicles and receive approximately 5 million annual retail
visits. The Company’s steel manufacturing operations produce
finished steel products, including rebar, wire rod and other
specialty products. The Company began operations in 1906 in
Portland, Oregon.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200402005157/en/
Media Relations: Colin Kelly ckelly@schn.com 781-873-1665
Investor Relations: Michael Bennett 503-323-2811
www.schnitzersteel.com ir@schn.com
Schnitzer Steel Industries (NASDAQ:SCHN)
Historical Stock Chart
From Aug 2024 to Sep 2024
Schnitzer Steel Industries (NASDAQ:SCHN)
Historical Stock Chart
From Sep 2023 to Sep 2024