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Schnitzer Steel Industries, Inc. (SCHN)


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Schnitzer Steel Industries, Inc.

299 SW Clay Street
Suite 350
Portland, OR 97201
United States
503-224-9900
http://www.schnitzersteel.com

SectorBasic Materials
IndustrySteel & Iron
Full Time Employees2,818

Key Executives

NameTitlePayExercisedAge
Ms. Tamara L. LundgrenChief Exec. Officer, Pres and Director2.55MN/A60
Mr. Richard D. PeachChief Financial Officer, Chief of Corp. Operations and Sr. VP1.1MN/A54
Mr. Jeffrey DyckSr. VP and Pres of Steel Manufacturing Bus.672.21kN/A54
Mr. Michael R. HendersonSr. VP and Co-Pres of Auto & Metals Recycling Bus.918.65kN/A58
Mr. Steven G. HeiskellSr. VP and Co-Pres of Auto & Metals Recycling Bus.711.19kN/A48
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Schnitzer Steel Industries, Inc. recycles ferrous and nonferrous scrap metals; and manufactures finished steel products worldwide. It operates through two segments, Auto and Metals Recycling (AMR) and Steel Manufacturing Business (SMB). The AMR segment buys, collects, processes, recycles, sells, and brokers scrap metals, as well as processes mixed and large pieces of scrap metal into smaller pieces by crushing, torching, shearing, shredding, and sorting. This segment offers ferrous scrap metal, a feedstock used in the production of finished steel products; and nonferrous products, including aluminum, copper, stainless steel, nickel, brass, titanium, lead, high temperature alloys, and joint products. It sells ferrous and nonferrous recycled metal products to steel mills, foundries, and smelters. This segment also procures salvaged vehicles and sells serviceable used auto parts from these vehicles through its 52 self-service auto parts stores in the United States and Western Canada, as well as sells auto bodies and parts containing ferrous and nonferrous materials, such as engines, transmissions, and alternators to wholesalers. The SMB segment produces various finished steel products using recycled metal and other raw materials. It offers semi-finished goods, which include billets; and finished goods consisting of rebar, coiled rebar, wire rods, merchant bars, and other specialty products. This segment serves steel service centers, construction industry subcontractors, steel fabricators, wire drawers, and farm and wood products suppliers. Schnitzer Steel Industries, Inc. was founded in 1906 and is headquartered in Portland, Oregon.

Corporate Governance

Schnitzer Steel Industries, Inc.’s ISS Governance QualityScore as of June 2, 2017 is 6. The pillar scores are Audit: 1; Board: 3; Shareholder Rights: 9; Compensation: 6.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.