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Harsco Rail’s president resigns

Harsco Corp. CEO Nick Grasberger to lead on interim basis

The president of Harsco Corp.’s rail division is stepping down, one of several leadership changes announced by the Cumberland County-based industrial company.

Scott Jacoby’s resignation from Harsco Rail was announced Tuesday. Harsco Corp. President and CEO Nick Grasberger will lead the division on an interim basis, while a search for Jacoby’s successor is underway.

“I want to thank Scott, who has had a long and valued tenure with Harsco,”Grasberger said. “He has been instrumental in executing our strategic priorities in rail and we wish Scott success in his future endeavors.”

Harsco earlier this month released its second quarter earnings statement, in which it was revealed that strong metals and minerals performance was offset by a loss in the company’s rail division.

The issue stems from railroad maintenance equipment contacts with the Swiss federal rail system, officials said.

“Our outlook and the potential for this business remain unchanged and we are focused on delivering on our commitments to global customers and executing on various strategies to grow rail,” Grasberger said.

Other moves

Additional leadership changes were announced Tuesday:

• Chris Whistler has been promoted to chief operating officer of the metals and minerals segment, which was strong in the last quarter, as noted.

Whistler, who joined Harsco in 1993, has held a number of operational and financial positions, most recently as head of the bid and contract management function within metals and minerals.

He will have oversight for the segments global operations.

• Sam Fenice has been named vice president and corporate controller, and will oversee the administration of all corporate accounting policies and procedures, including internal and external reporting.

Fenice has held various senior financial positions over his 14 years with Harsco.

Roger DuPuis
Roger DuPuis covers Cumberland County, health care, transportation, distribution, energy and environment. Have a tip or question for him? Email him at [email protected].

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