Sims Metal Management CEO to Retire

The board of directors for the global recycling company Sims Metal Management Ltd. has announced that Daniel Dienst, company CEO, will retire, effective June 30, 2013. Additionally, Dienst will resign from the company’s board of directors at the same time.

“I make this decision with mixed emotions; it has been a rare privilege to lead such a dedicated group of employees committed to building the largest, safest and most sustainable metals and electronics recycling company in the world,” says Dienst in a statement released by the company. “After nine years as chief executive officer, I believe now is the right time to bring the next leader into the organization in an orderly succession process.”

Geoff Brunsdon, board chairman of Sims, says, “The board would like to acknowledge the enormous contributions Mr. Dienst has made to the company during the nine years he has been CEO, including the integration of Metal Management and Hugo Neu; major improvements to the safe working environment of its 6,600 employees; and the establishment of the company’s beachhead in the mainland Chinese market.”