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
ISM September survey captures deepening manufacturing gloom
The Institute for Supply Management’s (ISM) latest monthly report on manufacturing reflects a bleak view of American industry in September.
Key industries concerned over government shutdown’s impact on steel, manufacturing
Trade groups cautioned that a prolonged shutdown could strain US industry.
Chicago Business Barometer catches cold winds of contraction in September
The Chicago Business Barometer's September reading indicates a softening in overall business activity in the Midwest for the third consecutive month, with new orders and backlogs retreating further.
Metalforming market sentiment takes a dive in September: PMA
Metalforming manufacturers anticipate a decrease in near-term conditions, according to the Precision Metalforming Association's (PMA) Business Conditions Report for September.
AIA: Architecture firms still under pressure
Architecture firms reported a modest improvement in billings through August, yet business conditions remained soft, according to the latest Architecture Billings Index (ABI) release from the American Institute of Architects (AIA) and Deltek.