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Jul 31, 2012

Harsco names replacement for Truett

James Jacobson joins from Pulse Electronics with 15 years of IR experience

Harsco, the industrial services company, has announced the successor to vice president of investor relations Eugene Truett, who announced his retirement earlier this year after three decades in IR.

James Jacobson, himself an experienced IR professional with 15 years in the industry, has been named as Harsco’s new director of IR.

Truett introduced Jacobson to analysts on yesterday’s Q2 earnings call. The new recruit will assume responsibility for Harsco’s IR program over the next two months, leading up to Truett’s departure in September.

Jacobson’s résumé includes IR roles at several companies, most recently Pulse Electronics where he helped defend a contested directors’ election in 2011.

Other past experience includes roles at Lincoln Educational Services, IKON Office Solutions, DuPont and Meredith Corporation. He holds a finance degree from the University of Nebraska.

Jacobson begins work with Harsco immediately and will help prepare for the Jefferies 2012 Global Industrial and A&D Conference on August 8, the company says in a statement.

The appointment came on the same day that Camp Hill, Pennsylvania-based Harsco named a Tyco executive as its new chief executive, following a five-month search for a new CEO.

Patrick Decker, president of Tyco’s values and controls business, will join Harsco in September.

Harsco revealed in its Q2 results higher-than-expected quarterly profits, boosted by a restructuring program that has seen the company pull back from projects in Europe and other weak regions.

Truett announced in June that he would retire as head of Harsco’s IR department, a role he has held since 1995.

‘After 45 years in business and almost three decades in IR, my esteem has never been higher for the countless buy-side and sell-side professionals and close colleagues with whom I have worked on Harsco’s behalf,’ he said in a statement put out by the company last month.