Harsco appoints new president

Mill services firm also looks for new chief financial officer.

April 23, 2014
Recycling Today Staff
Paper Personnel
The board of directors for the mill services firm Harsco Corp., Camp Hill, Pa., has selected F. Nicholas Grasberger as the company’s new president and chief operating officer, effective immediately.

Harsco says that the appointment is the first step in a planned transition during which Grasberger will continue his duties as chief financial officer while the company searches for a successor. Once the company announces his successor as CFO, Grasberger will become Harsco’s president and CEO.

Harsco says to assure solid operating continuity and a seamless transition, David Everitt, who has been serving as interim president and CEO since March 1, 2014, will continue in the position until Grasberger assumes the role, scheduled to take place by the middle of 2014.

“Since joining us last year, Nick has continually demonstrated his ability to be a driving force of positive change in our organization,” says Henry Knueppel, chairman of Harsco’s board of directors. “Nick co-authored the strategy we are executing; he has gained the respect of our organization and our key shareholders; and he has delivered on several significant objectives during his first year. We are confident he has the capabilities, vision and broad industry knowledge necessary to lead our company into its next bright era of significant financial and operational growth.”

Grasberger has served as Harsco’s senior vice president and CFO since April 2013.

“I am honored to be selected as the next president and CEO of Harsco,” says Grasberger. “Over the past year, I have come to fully appreciate the considerable potential of this company to deliver significant value for our shareholders and enhanced service to our customers. I look forward to updating the market on our outlook this coming May during our first quarter earnings call as we review our further progress on our simplification initiatives and continue to drive Harsco’s transformation.”