Enviri Corporation Announces Gary Lada as President of Harsco Rail
Rhea-AI Summary
Enviri (NYSE: NVRI) has appointed Gary Lada as the new president of its Harsco Rail division, effective May 5, 2025. Lada will succeed Claus Heuschmid, who will depart on June 1, 2025. Lada brings significant rail industry experience from GE Transportation and recently led global businesses at Ingersoll Rand.
The leadership transition includes recent appointments of Barry Learner as CFO and Mike Lafferty as VP of Operations. These strategic changes align with Harsco Rail's focus on capturing profitable growth opportunities and generating above-cost-of-capital returns.
Positive
- Strategic leadership restructuring with experienced rail industry executive
- Strengthened management team with new CFO and VP of Operations appointments
- Focus on improving profitability and returns above cost of capital
Negative
- None.
News Market Reaction – NVRI
In the trading session that priced this news, NVRI declined 0.51%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
COLUMBIA, S.C., April 21, 2025 (GLOBE NEWSWIRE) -- Harsco Rail, a division of Enviri Corporation (NYSE: NVRI), today announced Gary Lada as its new president of Harsco Rail, effective May 5, 2025. Lada will replace Claus Heuschmid, who will leave the organization effective June 1, 2025.
“Gary's extensive experience in the Rail industry and his proven track record of operational excellence make him the ideal leader to drive our division forward,” said Enviri CEO Nick Grasberger. “His leadership will be instrumental as we continue to focus on delivering exceptional value to our customers."
Lada will be an Enviri Executive Leadership team member and report directly to Grasberger. Lada brings extensive rail industry experience from his tenure at GE Transportation (now Wabtec), where he held key roles focused on operational excellence. Most recently, Gary led both the global Milton Roy and Air & Gas Solutions businesses at Ingersoll Rand over the last 8 years.
Lada holds a Bachelor of Science degree in Mechanical Engineering from Penn State University and will be based in Columbia, South Carolina, with the other members of the Harsco Rail leadership team.
Regarding the departure of Heuschmid, Grasberger added, “Claus has been a valued member of the Enviri leadership team and has made significant contributions to Harsco Rail. The company thanks Claus for his dedicated service and leadership and wishes him the best in his future endeavors.”
Additionally, Harsco Rail has recently strengthened its leadership team by hiring an accomplished chief financial officer, Barry Learner, and vice president of operations, Mike Lafferty. These leadership changes are a key part of the company's strategy to position Harsco Rail to capture profitable growth opportunities and generate returns above its cost of capital.
About Enviri
Enviri is transforming the world to green, as a trusted global leader in providing a broad range of environmental services and related innovative solutions. The company serves a diverse customer base by offering critical recycle and reuse solutions for their waste streams, enabling customers to address their most complex environmental challenges and to achieve their sustainability goals. Enviri is based in Philadelphia, Pennsylvania and operates in more than 150 locations in over 30 countries. Additional information can be found at www.enviri.com.
About Harsco Rail
Harsco Rail, a worldwide division of Enviri Corporation, is a technological and innovative global supplier of railway track Maintenance of Way and services with over 100 years of operations. Harsco Rail provides expert engineering, vehicles and equipment, innovative technology, safety technology, dedicated parts and services, contracting services, and quality maintenance from nine main locations in the United States, the United Kingdom, Germany, India, Brazil, China, and Australia. Additional information can be found at www.harscorail.com.
| Investor Contact David Martin +1.267.946.1407 dmartin@enviri.com | Media Contact Karen Tognarelli +1.717.480.6145 ktognarelli@enviri.com |
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/64eb2ac0-2af8-4a8d-9b0b-8577e044df48
