Schnitzer Steel metals recycling president resigns

Schnitzer Steel metals recycling president resigns

Schnitzer Steel Industries' metals recycling business president resigned abruptly with no explanation from the company.

Patrick Christopher, who made more than $1.5 million in fiscal 2012, gave notice Aug. 10, according to documents the company filed Wednesday with the U.S. Securities and Exchange Commission.

The filing said Christopher asserts he resigned for good reason pursuant to a clause in his employment contract. "Schnitzer disputes that assertion," the filing said.

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