Schnitzer Steel Announces Executive Appointments
PORTLAND, Ore.--(BUSINESS WIRE)--March 22, 2007--Schnitzer Steel
Industries, Inc. (NASDAQ:SCHN) today announced the appointment of
Richard D. Peach as Deputy Chief Financial Officer of the Company,
effective March 30, 2007. In this position, Mr. Peach will serve as
the Company's principal accounting officer and will be responsible for
the Company's accounting functions. He will report to Gregory J.
Witherspoon, the Company's Chief Financial Officer.
Mr. Peach, 43, was the Chief Financial Officer of and a Senior
Vice President with the multi-state energy utility, PacifiCorp, from
2003 to 2006. Previously, he served in a variety of executive
positions with Scottish Power, the international energy company
headquartered in Glasgow, Scotland, including Group Controller from
2000 through 2002, Head of United Kingdom Customer Services from 1999
to 2000 and Head of Energy Supply Finance from 1997 to 1999. Mr. Peach
is a Chartered Accountant of Scotland.
In the role as principal accounting officer, Mr. Peach replaces
Vicki A. Piersall, who was recently appointed to the position of Vice
President of Strategic Planning and Chief Administrative Officer for
the Company's Metals Recycling Business. Ms. Piersall had served as
Vice President and Corporate Controller since September 2005. Mr.
Witherspoon had been acting as the Company's principal accounting
officer since Ms. Piersall's appointment.
Jeff P. Poeschl was recently appointed to the position of Vice
President and Corporate Controller. Mr. Poeschl was previously Vice
President, Finance with Mesa Air Group in Phoenix, Arizona from 2000
until his appointment. He is a graduate of the University of Wisconsin
and a Certified Public Accountant.
Schnitzer Steel Industries, Inc. is one of the largest
manufacturers and exporters of recycled ferrous metal products in the
United States with 32 operating facilities located in 11 states
throughout the country, including six export facilities located on
both the East and West Coasts and in Hawaii. The Company's vertically
integrated operating platform also includes its auto parts and steel
manufacturing businesses. The Company's auto parts business sells used
auto parts through its 35 self service facilities and 17 full service
facilities located in 14 states and in western Canada. With an annual
production capacity of over 750,000 tons, the Company's steel
manufacturing business produces finished steel products, including
rebar, wire rod and other specialty products. The Company commenced
its 101st year of operations in 2007.
CONTACT: Schnitzer Steel Industries, Inc.
Investor Relations Contact:
Rob Stone, 503-224-9900
OR
Press Relations Contact:
Tom Zelenka, 503-323-2821
www.schnitzersteel.com
ir@schn.com
SOURCE: Schnitzer Steel Industries, Inc.