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Schnitzer Steel Industries, Inc. Appoints Leslie Shoemaker 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 Dr. Leslie L. Shoemaker as an independent director, effective immediately. Dr. Shoemaker, President of Tetra Tech (NASDAQ: TTEK), brings extensive experience in sustainability and environmental projects. She will serve on the Nominating and Corporate Governance Committee, enhancing Schnitzer's board with her expertise. This appointment increases the board to eight members, which supports Schnitzer's strategic initiatives and focus on sustainable growth.
Positive
Dr. Leslie L. Shoemaker's appointment brings extensive experience in sustainability, likely enhancing Schnitzer's strategic initiatives.
The addition of a new independent director strengthens board diversity and expertise.
Negative
None.
PORTLAND, Ore.--(BUSINESS WIRE)--
Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) announced that its Board of Directors has appointed Leslie L. Shoemaker as a new independent director, effective immediately. Dr. Shoemaker will serve on the Nominating and Corporate Governance Committee of the Board.
Dr. Shoemaker is the President of Tetra Tech (NASDAQ: TTEK), a leading, global provider of consulting and engineering services in the areas of water, environment, infrastructure, resource management, energy, and international development. Dr. Shoemaker joined Tetra Tech in 1991 and has served in various technical and operational capacities of increasing responsibility, including Group President, Chief Strategy Officer, and Growth Initiatives Leader. She also serves as Tetra Tech’s Chief Sustainability Officer, designing and leading the Company’s sustainability program. Dr. Shoemaker holds a BA in Mathematics from Hamilton College, an MEng from Cornell University, and a PhD in Agricultural Engineering from the University of Maryland. Dr. Shoemaker was recently elected to the National Academy of Engineering.
“I am very pleased to welcome Leslie to Schnitzer’s Board of Directors,” said Tamara L. Lundgren, Chairman and Chief Executive Officer of Schnitzer. “Leslie is a highly accomplished business leader and brings to our Board decades of experience in water, environmental, sustainable infrastructure, and renewable energy projects. Her focus on sustainability will also add immediate value to our Board as we execute on our strategic initiatives to expand our business.”
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 50 stores which sell serviceable used auto parts from salvaged vehicles and receive over 4.3 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.
Who is the new independent director appointed by Schnitzer Steel?
Dr. Leslie L. Shoemaker has been appointed as an independent director of Schnitzer Steel Industries, Inc.
What is Dr. Leslie L. Shoemaker's professional background?
Dr. Shoemaker is the President of Tetra Tech and has extensive experience in consulting and engineering services in sustainability and environmental projects.
What committee will Dr. Shoemaker serve on at Schnitzer Steel?
Dr. Shoemaker will serve on the Nominating and Corporate Governance Committee of Schnitzer's Board.
How many members are on Schnitzer Steel's board of directors after this appointment?
With Dr. Shoemaker's appointment, Schnitzer Steel's board now consists of eight members.
What impact might Dr. Shoemaker's appointment have on Schnitzer Steel?
Her focus on sustainability and extensive experience could enhance Schnitzer's strategic initiatives and business growth.
