SCHN - Schnitzer Steel Industries, Inc.

Schnitzer Steel Industries, Inc.

299 SW Clay Street
Suite 350
Portland, OR 97201
United States
503 224 9900
https://www.schnitzersteel.com

Sector(s): Basic Materials
Industry: Steel
Full-time employees: 3,471

Key executives

Name	Title	Pay	Exercised	Year born
Ms. Tamara L. Lundgren J.D.	Chairman, Pres & CEO	3.04M	N/A	1958
Mr. Stefano R. Gaggini	Sr. VP & CFO	881.17k	N/A	1971
Mr. Michael R. Henderson	Sr. VP & Pres of Operations	1.3M	N/A	1959
Mr. Richard D. Peach	Exec. VP & Chief Strategy Officer	1.5M	N/A	1964
Mr. Steven G. Heiskell	Sr. VP & Pres of Products and Services	1.14M	N/A	1969
Mr. Mark Schuessler	VP & Chief Accounting Officer	N/A	N/A	1979
Mr. Michael Bennett	VP of Investor Relations	N/A	N/A	N/A
Mr. James Matthew Vaughn	Sr. VP, Gen. Counsel & Corp. Sec.	N/A	N/A	1973
Mr. Robert Stone	VP of Corp. Devel.	N/A	N/A	N/A
Mr. Erich D. Wilson	Sr. VP, Chief HR Officer & Chief of Corp. Operations	N/A	N/A	1969

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Schnitzer Steel Industries, Inc. recycles ferrous and nonferrous metal, and manufactures finished steel products worldwide. The company acquires, processes, and recycles salvaged vehicles, rail cars, home appliances, industrial machinery, manufacturing scrap, and construction and demolition scrap. It offers recycled ferrous metal, a feedstock used in the production of finished steel products; and nonferrous products, including mixed metal joint products recovered from the shredding process, such as zorba, zurik, aluminum, copper, stainless steel, nickel, brass, titanium, lead, and high temperature alloys. The company also procures salvaged vehicles and sells serviceable used auto parts from these vehicles through its 51 retail self-service auto parts stores, 54 metals recycling facilities, and an electric arc furnace steel mill. In addition, it produces various finished steel products using ferrous recycled metal and other raw materials, as well as semi-finished goods, which include billets; and finished goods consisting of rebar, coiled rebar, wire rods, merchant bars, and other specialty products. Further, the company sells catalytic converters to specialty processors that extract the nonferrous precious metals, including platinum, palladium, and rhodium; and ferrous and nonferrous recycled metal products to steel mills, foundries, refineries, smelters, wholesalers, and recycled metal processors, as well as finished steel customers, such as steel service centers, construction industry subcontractors, steel fabricators, wire drawers, and major farm and wood products suppliers. Schnitzer Steel Industries, Inc. was founded in 1906 and is headquartered in Portland, Oregon.

Corporate governance

Schnitzer Steel Industries, Inc.’s ISS governance QualityScore as of 1 June 2023 is 5. The pillar scores are Audit: 7; Board: 5; Shareholder rights: 8; Compensation: 3.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.