Economy
SMS Announces Organizational Changes
Written by Tim Triplett
December 17, 2018
Scrap Metal Services LLC has announced major changes in the roles of executive management. Effective Dec. 12, CEO Jeff Gertler and COO Rick Gertler have moved into board level positions as chairman and co-chairman of the company’s newly formed board of directors. The two will oversee financial performance, business development and relationship retention, but will not be active in the day-to-day activities of the company.
Jeremy Kirchin has been promoted to chief executive officer and Keith Rhodes to chief financial officer. Kirchin had been serving as division president and Rhodes as vice president of the company’s southern region.
“Both Jeremy and Keith are experienced professionals who will manage all day-to-day responsibilities and direct company performance. We are excited at the prospect of the expertise and experience that both bring to the table that will ensure our continued success, as well as a culture of trust and accountability,” said Jeff Gertler.
Chicago-based Scrap Metal Services and its affiliates operate scrap processing, steel mill services, ship dismantlement and recycling, and intermodal/truck/railcar dismantling facilities throughout the United States, Mexico and Europe. SMS provides full-service scrap management, trading services, consulting and purchasing services to industrial scrap generators both domestically and internationally. SMS is also a supplier of ferrous and nonferrous scrap commodities to both domestic and international consumers and offers brokerage and trading services to other scrap companies.
Tim Triplett
Read more from Tim TriplettLatest in Economy
Architecture firm billings remain down in January
Architecture firms continued to report a sharp reduction in billings in January, according to the latest Architecture Billings Index (ABI) released by the American Institute of Architects (AIA) and Deltek.
New York state manufacturing rebounds in February
Business activity in New York state’s manufacturing sector recovered nicely in February after a sharp decline the previous month, according to the latest Empire State Manufacturing Survey from the Federal Reserve Bank of New York. The general business conditions index rose 18 points to 5.7. This is a diffusion index, where a positive reading signifies […]
Dodge Momentum Index jumps to record high in January
The Dodge Momentum Index (DMI) rose to a record high in January, according to the latest data released by Dodge Construction Network.
CRU: China hits back with retaliatory tariffs on US
Targets include coal, liquified natural gas, crude oil, and other commodities
ISM: Manufacturing expands in January for first time in years
Following more than two years of contraction, US manufacturing activity rebounded in January according to the Institute for Supply Management.