Industrial Services of America, Inc. Announces Executive Changes
October 04, 2016 at 03:33 pm IST
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Industrial Services of America, Inc. announced that on September 30, 2016, in connection with the termination of the Management Agreement, Mr. Garber has resigned his position on the company’s Board of Directors and has resigned all offices with the company, including as President. Mr. Oliver will continue to serve as the company’s Chairman and interim Chief Executive Officer. Effective September 30, 2016, the Board appointed Todd Phillips as President. Mr. Phillips, has been the company’s Chief Financial Officer since December 31, 2014, and also continues to serve in that role. Mr. Phillips joined the Company from CRS Reprocessing, LLC, where he held the positions of Chief Operating Officer and Chief Financial Officer from January 2009 to December 2014.
Industrial Services of America, Inc. buys, processes and markets ferrous and non-ferrous metals, and other recyclable commodities. The Company operates through Recycling Segment. The Company's Recycling Segment collects, purchases, processes, and sells ferrous and non-ferrous scrap metal to steel mini-mills, integrated steel makers, foundries and refineries. It buys, dismantles and sells used auto parts. It purchases ferrous and non-ferrous scrap metal from industrial and commercial generators of steel, iron, aluminum, copper, stainless steel and other metals, and from scrap dealers and retail customers who deliver these materials to its facilities. It processes scrap metal through sorting, cutting and baling. Its non-ferrous scrap recycling operations consist of collecting, sorting and processing various grades of copper, aluminum, stainless steel and brass. Its used automobile yard purchases automobiles so that retail customers can locate and remove used parts for purchase.
RECYCLIN SHS 