Davy, Sims part ways

Davy, Sims part ways

By Henry Leineweber, Resource Recycling

Graham Davy is no longer employed as CEO of Sims Recycling Solutions as of March 19, ending a six-year tenure as head of the world's largest electronics recycling company.

Sims initially said it would not comment on "human resources matters," according to Dan Strechay, director of communications and public relations for the company. However, several hours after the story first leaked, Sims confirmed in an official statement that Davy was "no longer employed by the company," but provided no explanation as to why.

Davy's exit is the most recent management shakeup at the recycling giant. Daniel Dienst, CEO of SRS parent company Sims Metal Management previously announced in late February he would be stepping down when his contract was up this June.

While there is no official linkage, both announcements come on the heels of Sims' $78 million inventory write down as a result of potential fraud at the SRS' Long Marston, England and Newport, Wales WEEE recycling facilities. Dienst had previously referred to the alleged fraud at two U.K. Sims facilities as "extremely disappointing" and "embarrassing."

Hans-Otto Hagemann has been appointed acting managing director of SRS Continental Europe and SRS U.K.

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