New Chairman for Sims Metal Management

Archiv – The world’s largest recycling company Sims Metal Management Limited has appointed Paul Varello to serve as Company Chairman. He succeeds Paul Mazoudier, who retires from his current position as foreshadowed by him at the Company’s 2008 Annual General Meeting.United States / Australia | The world’s largest recycling company Sims Metal Management Limited has appointed Paul Varello to serve as Company Chairman. He succeeds Paul Mazoudier, who retires from his current position as foreshadowed by him at the Company’s 2008 Annual General Meeting.
Mr Varello has served as a non-executive director of the Company since 2005 and as Deputy Chairman since November 2008. He is the founder and Chairman of Commonwealth Engineering and Construction in Houston, Texas. Mr Mazoudier has served as Chairman of the Company since 1999 and as a non-executive director since 1991. Mr Mazoudier will remain a non-executive director of the Company until the conclusion of the Company’s 2009 Annual General Meeting on 20 November.
’It is with great honor that I accept this appointment as Chairman and I am grateful for this opportunity to provide leadership to our Board and the senior management team as we develop Sims Metal Management Limited from its platform of unrivaled leadership in the global metal recycling industry,’ says Paul Varello.
Mr Mazoudier states:’I am confident that Paul Varello will lead this Company to an even higher plateau and I will observe that progress with great interest. I would like to thank the directors of the Company with whom I have had the pleasure to serve and the employees who have contributed so strongly to our success over the years.’