Personnel Notes

Norexeco, Myles Cohen sign agreement

Oslo, Norway-based pulp and paper trading exchange Norexeco ASA has signed an agreement to hire Myles Cohen to investigate opportunities for financial pulp and paper futures in North American markets. Norexeco is a regulated commodity exchange that offers trading in cash-settled financial futures, offering those in the pulp and paper sectors with methods to manage risk and capture opportunities.

Cohen, who is based in Georgia, currently serves as founder and managing director of Circular Ventures LLC, which provides advisory services to various industries on environmental, social and governance issues. He previously worked as a division president at Conyers, Georgia-based Pratt Industries and at Hartsville, South Carolina-based Sonoco Products Co.

Stein O. Larsen, CEO of Norexeco, says Cohen’s 20 years of leadership experience in the waste management and paper industries, as well as his experience in the financial industry, make him well-suited to investigate if and how the industry can take advantage of using futures to manage price risk.

“Having served in senior executive roles in two multibillion-dollar North American-based pulp, paper and packaging companies, I’ve experienced firsthand how fluctuating prices can create volatility in costs and profitability,” Cohen says. “Financial futures are a great tool to make sure you stay within your risk limits and tolerance for loss.

“Norexeco has a great setup and the necessary experience needed for the international markets, and I am looking forward to working with them to explore opportunities in North America and assist companies to mitigate their risk,” Cohen adds.

Circulus names new CEO

Circulus Holdings, a Houston-based public benefit limited liability company that recycles low-density polyethylene (LDPE), has appointed Craig Foster as its CEO. Circulus plans to build plants that use advanced technologies to transform lower grade plastic scrap into postconsumer resin for use in commercial and industrial applications.

David Hudson, founding CEO of Circulus, plans to stay with the company as its chief strategy officer, focusing on business development, innovation and commercial growth.

According to a news release from Circulus, Foster has executive leadership and operational experience. Most recently, he was executive officer and senior vice president of CSW Industrials’ specialty products business. Prior to that, he served as president of Whitmore Manufacturing Co., a CSW Industrials company.

“Having Craig join as CEO will strengthen Circulus as it executes its ambitious growth plans,” says Troy Thacker, a managing partner at Ara Partners, a private equity firm serving as Circulus’ financial sponsor. “Craig has an established track record of successfully leading organizations as they accelerate innovation-driven growth and deliver top-tier operating results.”

Sellick Equipment Ltd. enters third generation of family management

Sellick Equipment Ltd. co-founders Howard and David Sellick have decided to retire after 53 years. The Harrow, Ontario-based business will be led by the third generation of the family with the promotion of Colin Sellick to president.

Howard and David Sellick co-founded the company with their late father, Walter Sellick, in 1968. The company grew to become a leader in the forklift market, manufacturing a full range of rough-terrain and truck-mounted forklifts.

Sellick’s engineering, sales and service staff remain in place to continue supporting the company’s dealer network throughout North America.

Sellick Equipment is a subsidiary of Avis Industrial Corp. of Upland, Indiana. Avis subsidiaries include baler manufacturers Harris and American Baler.

Gregory King, president and CEO of Avis, says, “We are grateful for Howard and David’s leadership and contributions to not only the organization but the industry. We look forward to the continued growth and expanded offerings of the Sellick line of equipment.”

Industrial Service Solutions – Recycling Technologies expands team

Houston-based Industrial Service Solutions (ISS) – Recycling Technologies has added shredding and recycling industry veteran Dan Mihuc as its director of engineering.

With almost two decades of experience in the metal recycling industry, Mihuc served as director of metal sales/project manager at Engineered Recycling Systems in Atlanta. Before that role, he was the project engineer for OmniSource Corp., which is owned by the Fort Wayne, Indiana- based Steel Dynamics Inc.

“We are very fortunate to add someone with Dan’s experience and qualifications to our organization,” says Bill Tigner, vice president of ISS – Recycling Technologies. “With new nonferrous plants, complete automobile shredder systems and AmeriMex AC and DC motors and controls, as well as overseeing the other areas we are bringing to the scrap metal industry, such as shredder emissions and controls, Dan will be able to lead us to the forefront of one of the fastest growing divisions within ISS.”

Mihuc is based in Chicago. His responsibilities include taking over management of the new 7090 shredder being installed in Houston during the first quarter of this year.

ISS has 45 locations nationwide and provides field services, fully equipped service shops and supply shops with available parts. In support of the scrap metal industry, ISS offers complete stationary shredders, including castings and wear parts, AmeriMex motors and controls, emission controls, shredder explosion mitigation and the Taurus US line of scrap shears and balers.