Alter announces executive leadership changes

Grundfest joined the company in 2018 with the acquisition of Tenenbaum Recycling Group and serves as the company’s president. In his new role as president and CEO, Grundfest will report to Chairman Robert Goldstein and will continue to be responsible for Alter’s executive team as well as the leadership teams supporting Alter Logistics, American Industrial Motor Service (AIMS), Pinnacle Engineering and Altech Recycling LLC.

Dykstra has more than 20 years in the industry and has contributed much to the marketing team since joining Alter, the company says. He will continue to report to Grundfest.

Robinovitz will continue to serve as a member of the board of directors following his retirement. Since he joined Alter Trading in September 2009 as senior vice president and chief officer of operations, Robinovitz went on to serve as the company’s president from 2012 until he was named CEO in 2018.

“As I look forward to the next chapter in my life, I can’t think of anything more exciting than watching the company flourish under Jack’s leadership," Robinovitz says. "With a world-class group around him, this succession plan puts in place a fantastic team for the next phase of Alter’s growth and success."

Robinovitz and Martin have played instrumental roles in Alter’s strategic growth during their tenure, according to the company, having expanded its footprint to more than 71 locations in nine states and a sales office in Singapore. The company employs 1,600 people, and its operations include 18 automobile shredders.

“The continued success and growth of the company during the recent pandemic and the last several economic crises are a true testament to their strength, talent and steadfast guidance,” Alter writes in a news release announcing the executive changes.

“It has truly been the opportunity of a career to work alongside and learn from both Jay and Don,” Grundfest says. “Not only are they two of the most knowledgeable leaders in the metals recycling industry, but they are also wonderful individuals who lead our organization by example. They will certainly be missed.”

Founded in 1898, ISO 9001 and 14001 certified Alter is a privately owned, fifth-generation company.

“As we say goodbye to Jay and Don, the most important words we can express are thank you," Goldstein says. "Your unwavering leadership and invaluable guidance over the years [have] helped us become the company we are today, all without losing the heart and soul of our 125-plus-year-old family business.

“And congratulations to Jack and Matt as they take the lead into the next era which we are certain will be an exciting and rewarding future for Alter."