The top executive at industrial conglomerate Harsco Corp. has added a new role to his list of responsibilities.
Nick Grasberger, president and CEO of the Wormleysburg-based company, was named board chairman this week.
“Nick is an outstanding leader who has been instrumental in driving Harsco’s transformation as a leader in every market in which it competes,” said David Everitt, his predecessor, as chairman, who will now serve as independent lead director.
Harsco, which has worldwide interests in energy, railroad operations and supply, metals processing and manufacturing, has been on the mend financially over the last two years after its stock fell below $4 per share. The share price has been back up in the mid-$20s — almost back to where it was about five years ago.
Revenue was up 9 percent in the second quarter at $432 million. More than half of that revenue comes from its metals and minerals division, which Harsco had previously looked to sell or spin off.
In May, Harsco began expanding again with the acquisition of Altek Group, a United Kingdom-based aluminum waste processing business. Altek is the first acquisition Harsco has made in metals and minerals in more than a decade.
Grasberger joined Harsco in 2013 as CFO. He was named president and CEO in 2014.
In addition to his election as chairman, the board elected a former DuPont Performance Materials executive to its board: Carolann Haznedar, a recently retired senior vice president, who was named as Harsco’s eighth board member.