Australian Scrap Metal Recycler Adds Two to Board

CMA Corp. Ltd., a recycling company based in Sydney, has announced two appointments to its board of directors. The new directors, Oliver Scholz and Parag-Johannes Bhatt, have been nominated by CMA’s major shareholder Scholz Invest GmbH, and their appointments take effect immediately.

Scholz Invest GmbH is also represented on the CMA board by Mike Greulich, who was appointed in November 2009.

“On behalf of my fellow directors and management I welcome Mr. Scholz and Mr. Bhatt to CMA Corp.’s board,” says Alan Good, CMA’s chairman. “Their extensive global experience in metal recycling and corporate finance will strengthen CMA’s strategic decision making, and help us capitalize on the strengthening market for our services and products.”

Parag-Johannes Bhatt joined Scholz AG’s board in 2007 as the company’s CFO. Prior to that, Bhatt was the Scholz Group’s head of Corporate Finance and Development.

Scholz joined Scholz AG in 1991 and was responsible for the development and integration of operations the company acquired in eastern Germany. He has significant experience in metals recycling management and has been a director of Scholz AG since 1999, according to a company news release.