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Harsco Corporation (HSC) delivers essential environmental solutions to global industries through innovative waste management and metal recovery services. This dedicated news hub provides investors and industry professionals with timely updates on HSC's operational developments and financial milestones.
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Bradley L. Radoff, a significant stakeholder in Enviri (NYSE: NVRI), has issued an open letter to the company's Board of Directors demanding immediate governance changes to address prolonged value destruction. The letter criticizes the Board's recent refreshment plan as insufficient and calls for three specific actions:
1. Replace three long-serving directors (David C. Everitt, James F. Earl, and Phillip C. Widman) with new independent directors
2. Separate the Chairman and CEO roles currently held by F. Nicholas Grasberger III
3. Consider all alternatives for the underperforming Harsco Rail segment
The letter highlights significant underperformance, with NVRI showing negative returns: -39.4% (3-year), -37.3% (5-year), and -59.7% during CEO tenure, compared to substantial positive returns for industry benchmarks. Radoff threatens to vote against all incumbent directors at the 2025 Annual Meeting if changes are not implemented.
Divert, an impact technology company focused on food value protection, has appointed Timothy M. Laurion to its parent company's board of directors. Laurion brings over 41 years of corporate and investment banking experience from Bank of America, where he served as managing director and senior corporate banker. As one of the nation's leading environmental services bankers, he has structured over $100 billion in credit facilities and maintained relationships with top environmental firms. He currently serves on the board of Enviri (NYSE: NVRI) and brings extensive experience in strategic advisory, capital raising, and mergers and acquisitions.