Radius Recycling appoints new chief executive amid Toyota Tsusho integration

Radius Recycling

Radius Recycling appoints new chief executive to steer the post-acquisition integration and growth agenda. The move formalizes a leadership transition as Toyota Tsusho assumes ownership. Consequently, Radius Recycling appoints new chief executive to align global scrap flows, mill operations, and exports. In this context, Radius Recycling appoints new chief executive to pursue operational gains across North America.

Leadership transition and near-term priorities

Marc Hathhorn became chief executive on 1 September after 10 months as COO. He joined the company from Peabody Energy in November 2024. Therefore, he brings large-scale industrial and logistics experience to metals recycling. His mandate emphasizes integration, network efficiency, and disciplined capital deployment. Meanwhile, Toyota Tsusho’s platform can expand commercial reach and supply optionality.

Lundgren’s legacy and the strategic backdrop

Outgoing CEO Tamara Lundgren became executive chairman through 30 November. She supports stakeholder continuity during the ownership transition. Under her tenure, the firm rebranded from Schnitzer Steel in 2023. The company now operates seven US bulk export facilities and an Oregon steel mill. It also runs a broad network of ferrous and nonferrous scrap yards. The Toyota Tsusho deal closed on 10 July for $1.34bn. Filings show Lundgren sold $38.4mn of stock as part of the transaction.

The Metalnomist Commentary

Leadership continuity is critical when integrating into a global trading house. If Hathhorn executes on logistics and procurement synergies, margins could improve despite volatile shred spreads and export freight.