Harsco Announces Executive Management Appointments to Lead Next Stage of Company's Global Growth and Transformation
July 06 2010 - 9:04AM
Worldwide industrial services and engineered products company
Harsco Corporation (NYSE:HSC) today announced major appointments
within the Company's senior executive management structure. The
appointments, all effective immediately, reflect the continued
strengthening of Harsco's worldwide leadership team as the Company
pursues its continuing global growth and business transformation
objectives.
Harsco Chairman and CEO Salvatore D. Fazzolari will add the
office of President to his responsibilities, becoming Chairman,
President and CEO of the Company. A 30-year veteran of
Harsco, Mr. Fazzolari has been Chairman and CEO since 2008 and has
been responsible for developing and executing the Company's
envisioned future business transformation roadmap.
Stephen J. Schnoor, who serves the Company as Senior Vice
President and CFO, will add the role of Treasurer to his
responsibilities, bringing together the Company's worldwide
financial organization under single executive leadership as Senior
Vice President, CFO and Treasurer. Richard A. Sullivan, who
joined Harsco at the beginning of 2009 as Vice President of
Business Transformation, will add the role of Chief Supply Chain
Officer to his responsibilities. In this additional role, Mr.
Sullivan will direct the implementation of the key initiatives
developed to streamline and strengthen Harsco's global supply
chain.
The executive operating management team that reports directly to
Mr. Fazzolari has been reorganized to include new promotions and
appointments within the Company's principal operating
groups. Galdino J. Claro, who joined Harsco in 2009, will
assume the title of Executive Vice President and Group CEO for the
Company's Harsco Metals and Harsco Minerals business groups. A
new Executive Vice President and Group CEO for the Harsco
Infrastructure business group is expected to be announced
shortly. Both Executive VP positions as well as their
respective Group CFOs and other key Group leaders will be based at
Harsco's world headquarters in Camp Hill, PA to provide centralized
senior leadership and collaboration in executing the Company's
strategic plans.
In addition, Scott W. Jacoby has been named VP and Group
President of the Harsco Rail business group, and Scott H. Gerson
will become VP and Group President of the Company's Harsco
Industrial business group. Mr. Gerson will also continue his
responsibilities as the Company's Chief Information Officer until
the appointment of his successor. Mr. Jacoby and Mr. Gerson
will also report directly to Mr. Fazzolari.
In addition to the appointments outlined above, the Company is
pleased to welcome Han Jansen to the Company as Group CFO of the
Harsco Metals and Harsco Minerals business groups. Mr. Jansen
comes to Harsco from Royal Philips Electronics N.V., where he has
held progressively responsible financial management positions
throughout his 25-year multinational career, including senior
positions in Europe, Asia and North America. Michael Cubitt
has been appointed Group CFO of the Harsco Infrastructure
group.
Announcing the new positions, Mr. Fazzolari said, "The
strengthening of our senior leadership team is a critical component
of the CEO envisioned future and has been one of my highest
priorities. With these latest appointments, we have now filled
substantially all of our key seats with the right people, giving us
and our stockholders a new generation of Company leadership to take
our business forward."
With the new appointments outlined above, Richard C. Neuffer and
Geoffrey D. H. Butler will each assume the title of Vice Chair of
the Company, providing direct mentorship support to their operating
unit successors to ensure an effective transition, while also
taking on senior implementation and oversight responsibilities for
the Company's targeted business expansion and emerging market
strategies, prior to their anticipated retirements from the Company
in December 2010 and June 2011, respectively.
Harsco Corporation provides essential services and equipment to
key industries that play a fundamental role in worldwide economic
growth, including infrastructure, metals, railways and
energy. Harsco's common stock is a component of the S&P
MidCap 400 Index and the Russell 1000 Index. Additional
information can be found at www.harsco.com.
The Harsco Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=361
CONTACT: Harsco Corporation
Investor Contact
Eugene M. Truett
717.975.5677
etruett@harsco.com
Media Contact
Kenneth D. Julian
717.730.3683
kjulian@harsco.com
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