James K. Wiseman has resigned as Industrial Services of America
Inc.s vice president and general manager of recycling
effective Oct. 31.
Wiseman had held his
position at the Louisville, Ky.-based metals recycler and auto
shredder since 2007.
"After 36 years in the
industry, I have tired of an 80-hour week and am looking
forward to getting back to my own schedule and reconnecting
with people," he told AMM.
Wiseman had been
overseeing daily matters since the companys president and
chief operating officer left in June (
amm.com, June 19). A search for a permanent
replacement is still under way.
President and interim
chief executive officer Orson Oliver is now responsible for the
companys day-to-day operations.
Wiseman has agreed to
serve as a consultant for the company over the next 12 months.
"I plan to help transition responsibilities to other management
people in the company," he said.
Wiseman will be paid
$10,000 per month for his services through Oct. 31, 2014, after
which point either party can terminate the agreement. The
company will provide health insurance through Cobra during the
Wiseman will be free
to pursue other opportunities in the industry if he chooses.
The company has agreed to release him from a noncompete
agreement on the condition that he refrain from soliciting
company employees for two years after the consultancy agreement