Ferrous Processing & Trading appoints senior executive vice president

Ferrous Processing & Trading (FPT), headquartered in Detroit, has promoted Steve Benacquisto to the position of senior executive vice president, all yard operations. The newly created position will allow the 38-year scrap operations veteran to focus on efficient operations and maintenance activities at all FPT and affiliated yards, the company says.

Benacquisto

“We’re excited about Steve’s expanded role and the wealth of knowledge that his expertise and experience will provide to many divisions of FPT,” say Howard Sherman, FPT president. “Since joining FPT, Steve has been essential to maximizing productivity and ensuring high-quality service.”

In addition to overseeing operations and maintenance actives, Benacquisto will be responsible for all FPT transportation operations, the FPT Maintenance and Engineering Division, the FPT Capital Expenditure program and all purchasing activities for the company.

 Benacquisto’s 38-year career started at Sam Allen & Sons, where he began forging his operations and management skills. He later succeeded as a partner in acquiring the business, as well as Schlafer Iron & Steel and TBS Trucking.

Soave Enterprises acquired Benacquisto’s three businesses in 1997. Benacquisto then went on to further refine his management skills and was responsible for all yard and trucking operations in Windsor, Detroit and Pontiac, Michigan, for FPT.