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[United States]
Posted on : Jul 30, 2009
The world's largest recycling company Sims Metal Management Limited has
appointed Paul Varello to serve as Company Chairman. He succeeds Paul Mazoudier,
who retires from his current position as foreshadowed by him at the Company’s
2008 Annual General Meeting.

Mr Varello has served as a non-executive director of the Company since 2005 and
as Deputy Chairman since November 2008. He is the founder and Chairman of
Commonwealth Engineering and Construction in Houston, Texas. Mr Mazoudier has
served as Chairman of the Company since 1999 and as a non-executive director
since 1991. Mr Mazoudier will remain a non-executive director of the Company
until the conclusion of the Company’s 2009 Annual General Meeting on 20
November.

'It is with great honor that I accept this appointment as Chairman and I am
grateful for this opportunity to provide leadership to our Board and the senior
management team as we develop Sims Metal Management Limited from its platform of
unrivaled leadership in the global metal recycling industry,' says Paul Varello.

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