Pictured above, from left: Michael Goldstein, Robert Goldstein and Jay Robinovitz
Alter Trading Corp., headquartered in St. Louis, has announced changes to the company’s leadership team that will go into effect Jan. 1, 2018.
Jay Robinovitz has been promoted to the role of chief executive officer of Alter Trading Corp., replacing Robert Goldstein. He will retain his prior title of president and also will become a member of the company’s board of directors. His leadership at Alter during the past eight years, coupled with his long history of success in the recycling industry, makes him uniquely qualified for his new role, according to the company.
Alter says Robinovitz’s promotion is an important step in the company’s succession planning process and assures strong leadership that supports continued profitable growth.
Michael Goldstein has been promoted to the new role of corporate vice president of operations. He will report to Robinovitz and will oversee the daily operations of all 60 operating and processing facilities. Michael Goldstein joined the company in 2009 and has taken on numerous assignments, giving him broad exposure to metals recycling operations, domestic and international ferrous and nonferrous marketing, mergers, acquisitions and related integration activities. He represents the fifth generation of the Alter & Goldstein families in executive roles at the company, and this assignment positions him in a key leadership role, according to the firm.
Robert Goldstein will transition to the role of executive chairman of Alter Trading. He has been with the company since 1969 and most recently serves as chairman of the Alter Trading board and as chief executive officer. He also serves as chairman of the board and chief executive officer for Alter’s parent company, the Goldstein Group, and held the position of chairman of the Isle of Capri Casinos until its divestiture earlier in 2017. Robert Goldstein will continue to chart the course for the metals recycling business and will work with the fourth and fifth generations of the family to pursue new business interests, according to Alter Trading.
Alter says it considers itself an organization that constantly evolves to meet the challenges of the recycling industry. “The changes outlined above will allow the company to provide the highest level of leadership both today and into the future, providing stability to our shareholders, our employees and to the communities in which we operate,” the company adds.
Founded in 1898, Alter is one of the largest scrap processing companies in the country, with trading offices and processing plants in several central U.S. states.