
S Norton & Co Ltd., Liverpool, U.K., which has been involved in the metals recycling business for more than 50 years, is looking to restructure its operations to allow its owners to devote more time to strategy and longer-term direction of the business and ensure its future success.
According to S Norton, the restructuring will allow its owners John, Charlie and Matt Norton to devote more time to strategy and longer-term direction of the business to ensure the company’s future success. The changes include developing a more formalized corporate governance procedure.
Presently, the company has metal recycling operations in Manchester, London, Liverpool and Southampton, U.K. The company processes and exports more than 1.5 million metric tons of metal per year.
The restructuring includes adding four people to its board of directors. The new board members are Roger Morton, managing director, who also remains a director of Axion Polymers; and Graham Donohue, finance director. Additionally, S Norton has added Margaret Harry and Norman Jones as non-executive directors. Both have extensive experience in the recycling business.
“These changes will help S Norton to maintain and grow its position as one of the largest and most progressive metal recyclers in Europe. The intention is to retain the close rapport of senior managers with the shareholders and retain the family ethos of the business, while ensuring that there is no change of control in the ownership of the company,” says John Norton, chairman of S Norton.
“In creating a stable long-term future for our company, our aim is to remain the preferred partner for suppliers and buyers of all types of recycled metal; stay at the forefront of technical and commercial innovation and empower our staff to take more responsibility, thereby increasing job satisfaction for everyone in our business.”
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