Harsco Announces Executive Management Appointments
07/09/2010 - Harsco announces major appointments within the company's senior executive management structure, including the appointment of Chairman and CEO Salvatore D. Fazzolari to the additional post of President.
Harsco Corp. has announced major appointments within the company's senior executive management structure, including the appointment of Chairman and CEO Salvatore D. Fazzolari to the additional post of President, making him Chairman, President and CEO. Fazzolari, a 30-year veteran of Harsco, has served as Chairman and CEO since 2008 and has been responsible for developing and executing the company's envisioned future business transformation roadmap.
In addition, 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, Sullivan will direct the implementation of key initiatives developed to streamline and strengthen Harsco's global supply chain.
The executive operating management team that reports directly to 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.
The company has also named Scott W. Jacoby as 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. Gerson will also continue his responsibilities as the company's Chief Information Officer until the appointment of his successor. Jacoby and Gerson will also report directly to Fazzolari.
In addition to the announced appointments, Harsco also welcome Han Jansen to the company as Group CFO of the Harsco Metals and Harsco Minerals business groups. Jansen comes to Harsco from Royal Philips Electronics NV, where he has held increasingly 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.
"The strengthening of our senior leadership team is a critical component of the CEO envisioned future and has been one of my highest priorities,” said Fazzolari, when announcing the new positions. “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.”
To ensure an effective transition, Richard C. Neuffer and Geoffrey D. H. Butler will each assume the title of Vice Chair of the company, positions in which they will provide direct mentorship support to their operating unit successors 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 (Neuffer) and June 2011 (Butler).
Harsco said that all announced appointments, which are effective immediately, reflect the continued strengthening of the company’s worldwide leadership team to support pursuit of its growth and business transformation objectives.
Harsco Corp. provides essential services and equipment to key industries that play a fundamental role in worldwide economic growth, including infrastructure, metals, railways and energy.
