Sims names new CFO

Galdino Claro, CEO of Sims Metal Management, headquartered in New York City and in Sydney, has announced that the company has appointed Fred Knechtel as group chief financial officer (CFO). He will assume the position in November 2014, prior to Sim's annual group meeting. In the meantime, Amit Patel, the company's chief accounting officer, will also serve as interim group CFO.

“Fred is a well-rounded financial executive with broad experience across a number of industries. His proven leadership ability, coupled with his strong strategic and analytical skills, will greatly assist Sims Metal Management as it executes its recently announced five-year strategic plan,” says Claro.

Knechtel has more than 30 years of financial and business management experience, including numerous senior-level roles in international public companies in the manufacturing, industrial products and chemicals industries. Most recently Knechtel served as CFO of Remy International, a global auto parts manufacturing company.

“I am delighted to be joining Galdino’s management team and I look forward to helping Sims Metal Management recapture its leading position in the metals recycling industry,” says Knechtel. “I am excited about the opportunity to help Galdino execute his strategic vision and drive superior returns to our shareholders.”