Friday, February 24, 2012

Harsco's Fazzolari resigns, Knueppel named interim chairman and CEO

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Harsco Corporation's Chairman, President & Chief Executive Officer, Salvatore Fazzolari has resigned, effective immediately. Harsco Director Henry Knueppel will serve as interim chairman & CEO while the Board of Directors conducts a search for a permanent successor.

"The board appreciates the many contributions that Salvatore has made over the course of his 32-year career at Harsco," said Kathy Eddy, Lead Independent Director of the Harsco Board of Directors. "Mr. Fazzolari has helped lead the company through an extraordinarily challenging period in the global economy and we sincerely thank him for his many years of service."

Eddy added, "We are grateful that Henry Knueppel, a proven industry leader with deep knowledge of our company and its broad international reach, has agreed to step into the interim role during this transition period."

Knueppel said, "While we ended 2011 on an encouraging note, end-market conditions continue to be challenging and we have work to do to further strengthen our businesses, particularly Harsco Infrastructure and Harsco Metals & Minerals. We remain committed to executing on our five-year growth plan, and I look forward to working closely with the senior leadership team to capitalize on the many opportunities available to Harsco. On behalf of the Board of Directors, I wish Salvatore well for the future."

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