Sims Metal Management seeks new CFO

Galdino Claro, the group CEO and managing director of Sims Metal Management Ltd.’s (SMM), has announced the company has begun a global search for a new chief financial officer. The search will include consideration of both internal and external candidates for a position to be based at SMM's headquarters in New York City. Rob Larry has agreed to step down from the position of Group CFO effective Aug. 21 2014.

“Rob had made a significant contribution to the organization [and] I would like to thank him for the considerable role he has played over his long 18-year tenure with the company,” says Claro. “His guidance, leadership and expertise have been greatly valued. Rob has served as our CFO through a period of significant change and his steady hand has been relied upon to provide stability in an otherwise volatile industry. Through Rob’s prudent stewardship, the company has continued to maintain balance sheet strength despite challenging economic markets. I wish Rob the very best for the future.”

Says the departing Larry, “I am grateful for the opportunity this company provided to me. I have enjoyed immensely my tenure as CFO and even the challenges that came along with it. The finance and information technology teams are outstanding and will accomplish this change in leadership seamlessly. I wish the company the best of success.”

Larry will remain with the company through the completion of its fiscal 2014 financial results, and after that will be available to the company in a consulting capacity through August 2015.