Harsco Corporation Board of Directors has unanimously selected F. Nicholas Grasbergeras as the company's president and chief operating officer, effective immediately. The appointment is the first step in a planned transition during which Grasberger will continue his duties as chief financial officer while the search for his successor in that role is conducted, and will become the company's president and chief executive officer by mid-year 2014 once this process is complete.
To assure solid operating continuity and a seamless transition in these key leadership positions, David Everitt, who has been serving as interim president and CEO since March 1, 2014, will continue as interim CEO until Mr. Grasberger assumes the CEO role.
Grasberger has served as senior vice president and chief financial officer of the company since April 2013. During that time, he has helped spearhead many of the company’s key corporate initiatives, led by its successful efforts to create a joint venture with Clayton, Dubilier & Rice for the company’s Infrastructure business. He has also been instrumental in the company’s simplification based turnaround plans for its Metals & Minerals business, which focus on improving operating efficiencies, strengthening revenue growth opportunities, and enhancing its financial return profile.
The company announced that it has initiated a formal search process with a leading executive search firm for Grasberger’s successor as CFO.