PITTSBURGH Industrial Services of America Inc. (ISA) has
changed its corporate governance structure and management
following the retirement of its founder and chief executive
officer Harry Kletter on May 7.
The Louisville, Ky.-based scrap metal recycler has reduced the
size of its board to five members, backpedaling from a decision
to increase the number of directors to seven earlier this year
amm.com, Jan. 20, 2012
President and chief operating officer Brian Donaghy has also
resigned from the board, but he will remain part of ISAs
management team while David Russell, who was appointed in
January, has also stepped down.
Jonathan S. Blue, chairman and chief executive officer of Blue
Equity LLC, will join the board. Blue Equity manages and holds
a stake in ISA (
amm.com, April 1
Kletter announced earlier this year that he was leaving ISA
after 60 years in the industry (
amm.com, Jan. 18
We are happy to be transitioning ISA to the capable hands
of Jonathan Blue at this important time in the companys
evolution, Kletter said.