Radius Recycling, Inc. Appoints Marc Hathhorn as Chief Operating Officer
November 08 2024 - 4:30PM
Radius Recycling, Inc. (NASDAQ: RDUS) today announced the
appointment of Marc Hathhorn as Executive Vice President and Chief
Operating Officer, effective November 1, 2024. Hathhorn joins
Radius from Peabody Energy Corporation (NYSE: BTU) and brings more
than 30 years of leadership experience in the mining industry.
Most recently, Hathhorn held the position of
President--Global Operations at Peabody Energy Corporation (NYSE:
BTU), overseeing 5,000 employees and 17 coal mines across the U.S.
and Australia. Under Hathhorn’s leadership, Peabody achieved
multiple safety performance awards, exceeded environmental
management and compliance goals, and implemented operating plans
that resulted in industry-leading unit costs. Hathhorn will report
to Tamara L. Lundgren, Chairman and Chief Executive Officer of
Radius Recycling, Inc.
“I am delighted to welcome Marc to the Radius
team,” said Lundgren. “Marc is an experienced global leader with a
track record of success in achieving operational excellence and
executing growth strategies in commodity-based businesses. In this
newly created role, he will help advance our progress on our
operating and financial goals, and our strategic objectives,
including investments in advanced metal recovery technologies,
expansion of our recycling services platform, volume growth, and
productivity improvements.”
Lundgren added, “With our 100+ operating
facilities producing annual recycled ferrous volumes of over four
million tons, nonferrous volumes of over 700 million pounds, low
carbon and net zero carbon emission GRN™ finished steel products of
more than 500 thousand tons, and our 3PR™ service and supply chain
solution that enables our customers to increase their recycling
rates, we are well-positioned to benefit from demand associated
with stronger global manufacturing activity supported by the
anticipated decline in interest rates and infrastructure
investment.”
About Radius Recycling,
Inc.
Radius Recycling, Inc. (formerly Schnitzer Steel
Industries, Inc.) is one of the largest manufacturers and exporters
of recycled metal products in North America with operating
facilities located in 25 states, Puerto Rico, and Western Canada.
Radius has seven deep water export facilities located on both the
East and West Coasts and in Hawaii and Puerto Rico. The Company’s
integrated operating platform also includes 50 stores which sell
serviceable used auto parts from salvaged vehicles and receive over
4 million annual retail visits. The Company’s steel manufacturing
operations produce finished steel products, including rebar, wire
rod and other specialty products. Radius began operations in 1906
in Portland, Oregon.
Radius Recycling:
Public Affairs &
Communications:Eric
Potashner415-624-9885epotashner@rdus.com
Investor Relations:Michael
Bennett503-323-2811mcbennett@rdus.com
Company
Info:radiusrecycling.comir@rdus.com
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