Jay Robinovitz has been promoted to CEO of Alter Trading Corp. as part of new leadership changes announced by the St. Louis-based metal recycling company.
The changes, announced in a news release, will be effective Jan. 1.
In addition to his CEO role, Robinovitz will retain his title of president and become a member of the company's board of directors, the release said.
In the release, the company said "his leadership over the past eight years, coupled with his long history of success in the recycling industry make him uniquely qualified for his new role."
According to the company, his promotion is "an important step in the company’s succession planning process."
Other changes include:
- Robert "Rob" Goldstein will transition to executive chairman of Alter Trading. With the company since 1969, he most recently served as board chairman and CEO. He also serves as chairman of the board and CEO for Alter Trading’s parent company, the Goldstein Group, and held the position of chairman of the Isle of Capri Casinos until its divestiture earlier this year. The Goldstein Group Inc. is headquartered in Bettendorf.
The company said Goldstein will continue to chart the course for the metals recycling business and work with the fourth and fifth generations to pursue new business interests.
- Michael Goldstein has been promoted to the new role of corporate vice president of operations. He will report to Robinovitz and will oversee the daily operations of all 60 operating and processing facilities.
Goldstein, who joined the company in 2009, represents the fifth generation of the Alter & Goldstein families to serve in the company's leadership. He is Rob Goldstein's son.
During his tenure, he has taken on numerous assignments giving him broad exposure to metals recycling operations, domestic and international ferrous and non-ferrous marketing, mergers, acquisitions and related integration activities, the release said.
Alter Trading said the changes "will allow the company to provide the highest level of leadership both today and into the future, providing stability to our shareholders, our employees, and to the communities in which we operate."
Founded in 1898, the privately owned company operates 60 locations and employs more than 1,220 people in eight states and is one of the country's largest scrap processors. Launched in Davenport by brothers Harry Alter and Morris Alter, the company relocated its corporate office to St. Louis in 1996.