Daniel Dienst to leave Sims at end of June

Feb 22, 2013 | 04:13 PM | Lisa Gordon

Tags  Sims Metal Management, Metals USA, Daniel Dienst, Geoff Brunsdon, Hugo Neu, CIBC, Lisa Gordon

PITTSBURGH — Sims Metal Management Ltd. group chief executive officer Daniel W. Dienst has announced he will retire from the world’s largest metal recycler and resign from the company’s board of directors when his contract expires June 30.

The Sydney-based company hasn’t turned a profit since fiscal 2011 and has been dealt a host of other challenges. Sims’ auto shredder facility at Port of Redwood City, Calif., has come under scrutiny from the Environmental Protection Agency (amm.com, Jan. 10, 2012), and the company more recently took a write-down of Australian $78 million ($80.5 million) on its British inventory following an investigation into....

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