Enviri Corporation appointed Christophe Reitemeier as senior vice president and president of Harsco Environmental, effective January 1, 2025.
Quiver AI Summary
Enviri Corporation has appointed Christophe Reitemeier as senior vice president and president of Harsco Environmental, effective January 1, 2025. Reitemeier, a 25-year veteran of Harsco, previously served as vice president and CFO and has been part of the Executive Leadership Team since last year. His extensive experience includes various leadership roles and international work, beginning with Arthur Andersen in France. CEO Nick Grasberger praised Reitemeier's leadership and vision, asserting he is well-suited to guide Harsco Environmental in its next growth phase. Reitemeier succeeds Mauro Curi, who passed away in September. Harsco Environmental is a leading provider of environmental services to the metals industry, operating in over 32 countries.
Potential Positives
- The appointment of Christophe Reitemeier to senior vice president and president of Harsco Environmental signifies a commitment to strong leadership continuity within the company.
- Reitemeier's extensive experience and previous role as CFO indicate his deep understanding of the company's operations, which may lead to more effective management strategies.
- His international experience may enhance the company's global operations and potentially improve its competitive position in the environmental solutions market.
- The announcement demonstrates Enviri's focus on innovation and value delivery, aligning with its mission to provide sustainable solutions to complex environmental challenges.
Potential Negatives
- The appointment of Christophe Reitemeier follows the passing of his predecessor, Mauro Curi, which may raise concerns about leadership stability and the company's ability to manage transitions effectively during challenging times.
- Reitemeier's promotion to a senior leadership position could lead to uncertainty about future changes in the executive team, which might impact employee morale and stakeholder confidence.
- The ongoing leadership transition at Harsco Environmental may disrupt the continuity of strategic initiatives, potentially affecting the company's performance in the near term.
FAQ
Who has been appointed as the new president of Harsco Environmental?
Christophe Reitemeier has been appointed as the new senior vice president and president of Harsco Environmental.
When does Christophe Reitemeier start his new role?
Christophe Reitemeier will officially start his role on January 1, 2025.
What previous roles did Christophe Reitemeier hold at Harsco Environmental?
He previously served as vice president and chief financial officer at Harsco Environmental since 2020.
What experience does Christophe Reitemeier bring to his new position?
Reitemeier has extensive international experience and has held various leadership positions within the organization since 1999.
What is the mission of Enviri Corporation?
Enviri Corporation aims to transform the world to green by providing innovative environmental solutions for complex challenges.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$NVRI Insider Trading Activity
$NVRI insiders have traded $NVRI stock on the open market 3 times in the past 6 months. Of those trades, 2 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $NVRI stock by insiders over the last 6 months:
- TOM GEORGE VADAKETH (SVP and CFO) has traded it 2 times. They made 2 purchases, buying 35,299 shares and 0 sales.
- DAVID C EVERITT sold 51,415 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$NVRI Hedge Fund Activity
We have seen 100 institutional investors add shares of $NVRI stock to their portfolio, and 107 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ARISTOTLE CAPITAL BOSTON, LLC removed 2,394,128 shares (-100.0%) from their portfolio in Q3 2024
- BRIGHTLINE CAPITAL MANAGEMENT, LLC added 1,000,000 shares (+inf%) to their portfolio in Q3 2024
- MILL ROAD CAPITAL MANAGEMENT LLC added 983,272 shares (+inf%) to their portfolio in Q3 2024
- DIVISAR CAPITAL MANAGEMENT LLC removed 827,900 shares (-40.7%) from their portfolio in Q3 2024
- MORGAN STANLEY added 766,640 shares (+64.3%) to their portfolio in Q3 2024
- CITADEL ADVISORS LLC removed 470,905 shares (-93.5%) from their portfolio in Q3 2024
- SEI INVESTMENTS CO removed 464,610 shares (-83.2%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
- A 25-year veteran of Harsco Environmental, Reitemeier previously served as CFO
PHILADELPHIA, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Enviri Corporation (NYSE: NVRI), a global, market-leading provider of environmental solutions for industrial and specialty waste streams today announced the appointment of Christophe Reitemeier to senior vice president and president, Harsco Environmental, effective January 1, 2025.
Reitemeier is a member of the Company’s Executive Leadership Team (ELT) and will be based at Harsco Environmental’s headquarters in England.
Reitemeier has served as vice president and chief financial officer, Harsco Environmental since 2020 and joined the Enviri ELT last year.
Reitemeier joined Harsco Environmental in 1999 and has held various leadership positions within the company. He has extensive international experience, having started his career with Arthur Andersen in France before moving to DS Smith, a British multinational packaging business.
“Christophe has demonstrated exceptional leadership and strategic vision throughout his tenure with our company,” said Nick Grasberger, chairman and chief executive officer, Enviri Corporation. “He is an accomplished leader and his extensive international experience and deep understanding of our business make him the ideal candidate to lead Harsco Environmental into its next phase of growth. I am confident that under his leadership, we will continue to drive innovation and deliver outstanding value to our stakeholders.”
Reitemeier holds a master’s degree in management with a specialization in finance from NEOMA Business School in Reims, France. He succeeds Mauro Curi, who passed away in September.
About Harsco Environmental
Enviri’s Harsco Environmental division is the largest and most comprehensive provider of onsite material processing and environmental services to the global metals industry, with operations at over 130 customer sites across more than 32 countries. Harsco Environmental is a technology partner delivering cleaner, more efficient metal production, providing customers with economically and environmentally viable solutions for the treatment and reuse of production co-products. Visit
harsco-environmental.com
to learn more.
About Enviri
Enviri is transforming the world to green, as a trusted global leader in providing a broad range of environmental services and related innovative solutions. The Company serves a diverse customer base by offering critical recycle and reuse solutions for their waste streams, enabling customers to address their most complex environmental challenges and to achieve their sustainability goals. Enviri is based in Philadelphia, Pennsylvania and operates in more than 150 locations in over 30 countries. Additional information can be found at
www.enviri.com
.
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Investor Contact
David Martin +1.267.946.1407 [email protected] |
Media Contact
Karen Tognarelli . 1+717.480.6145 [email protected] |
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/02f0f235-5328-4dc5-bbfb-7daf74e3751b
