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Photo Release -- Harsco Corporation Appoints F. Nicholas Grasberger President And COO In Planned Transition To President And CEO Position By Mid-Year 2014

Stocks in this article: HSC

CAMP HILL, Pa., April 8, 2014 (GLOBE NEWSWIRE) -- Harsco Corporation (NYSE:HSC) today announced that the Board of Directors has unanimously selected F. Nicholas Grasberger as the Company's President and Chief Operating Officer, effective immediately. The appointment is the first step in a planned transition during which Mr. Grasberger will continue his duties as Chief Financial Officer while the search for his successor in that role is conducted, and will become the Company's President and Chief Executive Officer by mid-year 2014 once this process is complete.

F. Nicholas Grasberger
F. Nicholas Grasberger

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=24646

To assure solid operating continuity and a seamless transition in these key leadership positions, David Everitt, who has been serving as Interim President and Chief Executive Officer since March 1, 2014, will continue as Interim Chief Executive officer until Mr. Grasberger assumes the Chief Executive Officer role.

"Since joining us last year, Nick has continually demonstrated his ability to be a driving force of positive change in our organization," said Henry W. Knueppel, Chairman of Harsco's Board of Directors. "Nick co-authored the strategy we are executing; he has gained the respect of our organization and our key shareholders; and he has delivered on several significant objectives during his first year. We are confident he has the capabilities, vision and broad industry knowledge necessary to lead our company into its next bright era of significant financial and operational growth.

"I also want to thank Dave Everitt for his continuing dedication and commitment to Harsco," Mr. Knueppel continued. "His willingness to continue to serve as Interim CEO will allow Nick to seamlessly transition into his new responsibilities with the first-hand benefit of Dave's substantial wisdom and perspective, both as a business leader and a continuing member of the Board."

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