Metalico names new president, CEO

Metalico Inc., headquartered in Cranford, New Jersey, has announced Michael J. Drury has been named president and chief executive officer and Carlos E. Agüero has been promoted to vice chairman of the board. The leadership changes are effective Jan. 1, 2018.

Drury succeeds Agüero in his new positions. Drury currently is the company’s executive vice president and chief operating officer.

Chung Sheng Huang, Metalico chairman of the board, says, “The board unanimously concluded that Mike is the right choice to lead Metalico. Since he joined Metalico 20 years ago, Mike has demonstrated that his strong industry knowledge coupled with his decisive, results-oriented management style are an effective combination. These traits will help Metalico to achieve its future goals.

“We look forward to his valuable contributions as he leads Metalico to future success,” he continues. “We also want to take this opportunity to extend our gratitude to Carlos for building and leading Metalico over the past 20 years.”

Agüero says, “I am confident that Michael will apply his extensive management experience, superior work ethic and unshakeable integrity to lead Metalico to be bigger and better in the years to come.”

Drury has been an executive vice president since Metalico's founding in 1997. He has been involved in operations, acquisitions, finance, budgeting and business development. He brings a broad-based and unique skill set to his new position, Metalico says.

Agüero, founder of Metalico, was instrumental in taking an idea and building Metalico into the company it is today, the company says.

“Metalico employs more than 450 people, operates 25 locations, sets the standard for supplier trust and service in its markets and delivers consistent quality products to its consumers,” the company says.

Metalico Inc. is a recycler of ferrous and nonferrous scrap metal with facilities, including three automobile shredders, in New York, Pennsylvania, Ohio, West Virginia, New Jersey and Mississippi.