Schnitzer Board Announces a New Independent Director
PORTLAND, Ore.--(BUSINESS WIRE)--Apr. 29, 2015--
Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) today announced the
election of Michael W. Sutherlin to its Board of Directors.
Mr. Sutherlin served from 2006 to 2013 as President and Chief Executive
Officer of Joy Global, Inc., a manufacturer and servicer of mining
equipment for the extraction of coal and other minerals and ores with
2013 sales of $5 billion. Before joining Joy Global in 2003, Mr.
Sutherlin served as President and Chief Operating Officer of Varco
International, Inc. Mr. Sutherlin also serves as a director of Peabody
Energy Corporation and Tesco Corporation. He graduated with a degree in
business administration from the Texas Tech University, and earned an
MBA from the University of Texas at Austin.
“We are very pleased to welcome Mike to the Schnitzer board of
directors,” said Chairman John D. Carter. “His broad experience in all
facets of leadership of a minerals-based public company will be an
important addition to the capabilities and capacity of the Schnitzer
board.” Mr. Sutherlin observed that “Schnitzer operates in markets I
know well. I am familiar with the challenges and excited by the
opportunities I see for Schnitzer. I look forward to working with this
global leader and to contributing to future growth and success for the
Company.”
About Schnitzer Steel Industries, Inc.
Schnitzer Steel Industries, Inc. is one of the largest manufacturers and
exporters of recycled ferrous metal products in North America with
operating facilities located in 14 states, Puerto Rico and Western
Canada. The business 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 its auto parts and
steel manufacturing businesses. The Company's auto parts business sells
used auto parts through its self-service facilities located in 15 states
and Western Canada. With an effective annual production capacity of
approximately 800,000 tons, the Company's steel manufacturing business
produces finished steel products, including rebar, wire rod and other
specialty products. The Company began operations in 1906 in Portland,
Oregon.
Source: Schnitzer Steel Industries, Inc.
Schnitzer Steel Industries, Inc.
Investor Relations Contact:
Alexandra Deignan, 646-278-9711
Website: www.schnitzersteel.com
Email:
[email protected]