Schnitzer Steel Names 2 Independent Directors

PORTLAND, Ore. (AP) — Metal recycler Schnitzer Steel Industries Inc. on Monday said two independent directors were elected to its expanded 13-member board.

The addition of David J. Anderson and Wayland R. Hicks means that a majority of the directors are independent, a designation that means they are not also employees of the company.

Anderson, 61, has been a nonvoting adviser and co-vice chairman of the board of Sauer-Danfoss Inc. He was president and chief executive of the Chicago hydraulic systems manufacturer from 2002 until his retirement in January. ...