St. Louis-based Alter Trading Corp. has announced changes within its executive team.
Alter’s Senior Vice President and CFO Tim Oliver is promoted to president and CFO. Oliver joined the company as senior vice president in 2010 and has “played a significant role” in the growth of Alter during his tenure. Oliver will be responsible for the company’s corporate functions, administrative departments and the ferrous and nonferrous marketing groups.
Michael Goldstein, the fifth generation of his family to lead Alter, will serve as senior vice president of operations. Goldstein will be responsible for the company’s daily operations and capital allocation across its 70 locations.
Oliver and Goldstein and will both report to Alter CEO Jay Robinovitz and will work closely together as they assume their new responsibilities. The company says the changes support Alter’s growth strategy and succession planning process.
To support the changes effective March 31, Alter is also making the following promotions:
Jack Grundfest, who joined Alter last year as part of the Tenenbaum Recycling Group (TRG) acquisition, is promoted to senior vice president. In addition, he will take the newly created role of chief administrative officer (CAO). Grundfest will lead the company’s human resources, safety, environmental, and ISO quality departments. He will also continue to oversee the TRG group and the Arkansas operations.
David Klein is promoted to senior vice president of nonferrous marketing. Klein has been with Alter since 2004, and has led the company’s nonferrous business since 2016. Klein has “built a seasoned team of nonferrous professionals” and has been “instrumental in developing new products and new markets” for the company’s nonferrous commodities.
Lisa Walden, who has been with Alter since 2011, is promoted to senior vice president of finance and treasury. The company says Walden will assume more responsibility to facilitate Oliver’s transition to president.
Alter also announces the retirement of company leaders Bob “Rosie” Rosencrants and Jim Logerquist in April. Rosencrants has been a part of the company’s operations for more than 40 years and will be retiring as vice president of operations. Logerquist will retire from his post as vice president of human resources.