The press release published on Tuesday indicated that David D’Addario had been named Chairman and CEO of both New Day Aluminium and DADA Holdings, Thomas Robb was named Chief Operating Officer for both firms, Monte Schaefer was appointed Chief Financial Officer of both companies, and Robert Ericson was named Chief Financial Officer and Chief Legal Officer of the two companies.
DADA says that D’Addario has been in leadership positions in the metals industry for three decades. He was last the chairman and CEO of Wise Metals Group, where, according to the release, he piloted the firm into becoming the world’s third-largest producer of can stock for the beverage industry. He was also in senior positions at NEROC, TOMRA, and Wise Recycling, among other prominent aluminium recycling firms.
Robb has been in the metals industry for a dozen years. His last posting was at Wise Recycling as its Chief Executive Officer. He was also Executive Vice President of Wise Metals’ Strategy and Development.
Schaefer has two decades of corporate finance experience. Ericson also joins from Wise Metals, where he was the firm’s Executive Vice President and General Counsel.
“This senior executive team has a proven track record of success and innovation,” said D’Addario, “We are committed to working with our talent in Gramercy and St Ann to chart a profitable and sustainable course for our integrated bauxite and alumina companies.”
DADA Holdings, which is based in Ft. Lauderdale, Florida, is an investment and management company that operates in the metals and mining sector, among others. Its affiliate New Day Aluminium acquired the bauxite mining operation in Jamaica and the alumina refinery in Gramercy, Louisiana, from Noranda Inc. in bankruptcy court for US$24.4 million in November of last year.