An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Schnitzer Steel Industries, Inc. Appoints Gregory R. Friedman to its Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) has appointed Gregory R. Friedman as an independent director, effective immediately. Mr. Friedman, with over 30 years of experience, will also serve on the Audit Committee and the Compensation and Human Resources Committee. He brings significant expertise from his role as CFO at Mura Technology and previously at Corteva Agriscience (NYSE: CTVA) and DuPont (NYSE: DD). This appointment enhances Schnitzer's board, now composed of nine members, and supports the company's strategic initiatives to meet growing demand for recycled products in a low-carbon economy.
Positive
Appointment of Gregory R. Friedman as an independent director with extensive financial experience.
Friedman brings valuable insights into global commodities markets and recycled products.
Negative
Concerns about continuity and experience gaps with a new board member.
PORTLAND, Ore.--(BUSINESS WIRE)--
Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) announced that its Board of Directors has appointed Gregory R. Friedman as a new independent director, effective immediately. Mr. Friedman will serve on the Audit Committee and the Compensation and Human Resources Committee of the Board.
Over his 30-year career, Mr. Friedman has led business growth through a variety of senior executive roles. He currently serves as the Chief Financial Officer of Mura Technology, a plastics recycling technology company supported by investments by multiple leading petrochemical and industrial companies and aims to become the world’s prime producer of recycled hydrocarbons.
Prior to joining Mura, from 2018 through 2021 Mr. Friedman served as Executive Vice President and Chief Financial Officer of Corteva Agriscience™ (NYSE: CTVA), a spin-off of DowDuPont where, among other things, he shepherded a successful IPO of the company. Mr. Friedman previously held various financial leadership positions across a broad product range at DuPont (NYSE: DD) from 2000 through 2018 with responsibility for financial risk management and controls, financial accounting, FP&A, as well as capital markets activities, including debt, equity, and investor relations. Mr. Friedman holds a BS in Accounting from the University of Southern California and an MBA from the Anderson School of Management at the University of California, Los Angeles.
“I am very pleased to welcome Greg to Schnitzer’s Board of Directors,” said Tamara L. Lundgren, Chairman and Chief Executive Officer of Schnitzer. “Greg is a talented business leader and a seasoned financial executive with a keen understanding of the global commodities markets and the important role of recycled products in the transition to a low carbon economy. Greg will bring immediate value to our Board as we execute on our strategic initiatives to expand our business and meet the increasing demand for recycled products and services that support decarbonization.”
Schnitzer Steel Industries, Inc. is one of the largest manufacturers and exporters of recycled metal products in North America with operating facilities located in 25 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 over 4.1 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.
