Meet the staff of Ferrous Processing & Trading’s management team who are unsurpassed in their experience and expertise.
Mr. Sherman is a seasoned executive responsible for the human, material and financial welfare of the organization and those within it. Mr. Sherman’s perspective is long term, strategic and futuristic in nature. In keeping with his forward vision, he also ensures that tactical measures designed to promote attainment of strategic goals are implemented on a current basis.
Starting his career in the scrap business with Intermetco Ltd., Mr. Sherman worked in trading and various management positions. In 1977 he moved to Windsor, Ontario where he became General Manager and later, President of K Scrap Resources, Ltd.
In early 2000, Mr. Sherman was appointed President and Chief Operating Officer of Ferrous Processing & Trading Company. In mid-2003, he also became Chief Executive Officer of the Company. He also serves on the Board of Management for Gemini Recycling, a joint venture with Ferrous Processing and The David J. Joseph Co.
A graduate of the University of Akron in Akron, Ohio, Mr. Sherman earned a B.Sc. in Business.
Mr. Sherman is the past President of the Canadian Association of Recycling Industries (C.A.R.I.) and active in many local charities and organizations in Windsor, Ontario.
A.G. (Chip) Hering
Mr. Hering’s responsibilities as Executive Vice President include marketing, sales and program management for major automotive accounts in their purchase and sale of scrap metals. Mr. Hering also directs the company’s efforts in long-term scrap management initiatives and agreements, including process development and implementation, commercial arrangements and contracts.
After graduating from Lehigh, Mr. Hering joined Lukens Steel Company in Production Control. Vietnam-era activity then led to his role as a Civil Engineer Corps Officer in the US Navy. He returned to civilian life with Luria Brothers in Cleveland, progressing from Plant Manager to Regional Vice President before his departure in 1991.
Mr. Hering founded The Network of Recycling Markets, a pioneering computer-based network for scrap metals trading. With the successful organization of a multi-company alliance for long-term management of Ford Motor Company scrap metals, Mr. Hering joined Zalev Brothers, Ltd. in 1996, a key element in the consolidation of Ferrous Processing & Trading Company a few years later.
Mr. Hering earned a BS in Industrial Engineering from Lehigh University and an MBA from George Washington University. He holds patents for Processes to Improve Value for Automotive Stamping Scrap.
As Executive Vice President, Operations, Mr. Benacquisto is responsible for all the yard operations, capital programs and non-trade purchasing for Ferrous Processing & Trading Company.
Mr. Benacquisto began his scrap industry career in 1972 with Detroit Recycling as a crane operator and soon assumed all responsibility for operations. After four years, he moved to Schlafer Iron & Steel as operations manager, then VP of Operations. In 1985, along with his brother Steve and business associate Barry Briskin, he purchased Schlafer Iron & Steel. After growing the business by 100%, Tony and his partners added to their holdings by purchasing Sam Allen & Son, as well as Fragmet, in Pontiac, MI in 1992. Combining these enterprises in 1995, they formed TBS Recycling, one of the largest privately-held scrap processors in Michigan. Mr. Benacquisto, along with his brother Steve, joined the Ferrous Processing & Trading family through acquisition in 1997.
A graduate of Northern Michigan University, Mr. Benacquisto earned a BA in Education. He also served in the US Navy, Atlantic Fleet from 1968 to 1971.
As Chief Financial Officer, Joanie Streicher reviews and reports financial statements for all operating entities within the Ferrous Processing & Trading family of companies. In addition, Ms. Streicher oversees the FPT accounting department including various locations within the United States and Canada and works closely with the executive group on strategic growth. Ms. Streicher joined Zalev Brothers, a FPT affiliate, in 1986 as part of the finance and accounting staff. Ms. Streicher assisted in the successful merger with Ferrous Processing, and subsequently worked with the Soave corporate officers in the acquisition and consolidation of several scrap recycling companies resulting in the current conglomerate of diverse processors that is FPT today. After graduating from St. Clair College with a 3 year accounting diploma, Ms. Streicher went on to become a Certified General Accountant. She has over 25 years of experience in the scrap recycling industry. Ms. Streicher is a member of the Certified General Accountants Association of Ontario and Canada.
As Executive Vice President Sales and Marketing, Mr. Bakotich is responsible for purchasing and sales for non-ferrous grades generated by facilities in Ontario, Michigan and Florida for Ferrous Processing & Trading. He and his team forecast, sell and coordinate the activities of various processing centers with operational personnel. They sell both domestic and export homes for all non-ferrous generated.
In addition to the Non Ferrous activities Mr. Bakotich has responsibility for FPT’s southern region as well as the security department for FPT.
A 31 -year veteran of the scrap business, Mr. Bakotich has experience in brokerage sales and yard operations. He began his career with Luria Brothers in Detroit as a broker, and after progressive positions within the industry which included regional marketing manager and President of Summit Metals in Lansing MI. Most recently, Mr. Bakotich served as General Manager of K Scrap Resources in Windsor Ontario.
A Graduate of Michigan State University, Mr. Bakotich is a past President of the Michigan Chapter of ISRI and served on as a Michigan Chapter Board member for over six years. He is active in local charities in his home community.
As Executive Vice President: Industrial Purchasing, Mr. Hemme is responsible for activities in the industrial scrap purchasing department. He works closely with a talented team of account executives in the purchasing of scrap from automotive stamping operations and related steel scrap producing industries. When possible, he also assists on related scrap sales to investment casting foundries and/or grey iron foundries.
Prior to joining Ferrous Processing & Trading, Mr. Hemme owned and operated a steel trucking business from August 1972 through June of 1994. Following that venture, he owned and operated Circle Metals, Inc., a scrap steel company specializing in investment casting and grey iron foundry supply from August 1976 through December 1993.
Next, Mr. Hemme owned and operated Victor Steel and Supply Company, a scrap metal buyer and processor from June 1985 through December 1993, at which time all the scrap steel related businesses were sold to Ferrous Processing & Trading Company.
As Executive Vice President, Roger Bushnell is Director of Strategic Projects for all of Ferrous Processing & Trading.. This includes the management of all phases of the various strategic projects that FPT is undertaking. Roger has a long history in the nonferrous metals recycling business. In previous capacities he was the Executive Vice President of SLC Recycling since 1998, and from 1973 – 1982 he was Purchasing Manager of Raw Materials for Bohn Aluminum. He has a degree in Business Administration from Detroit Institute of Technology and was a board member of the Michigan Chapter of ISRI for 8 years.
As Executive Vice President of Operations & Transportation, Steve Benacquisto oversees all operational & transportation activity for the Ferrous Processing and Trading. He is responsible for all inbound & outbound transportation from the FPT sites in Michigan & Ontario. His responsibilities also include monitoring production equipment, yard positions and inventory for those sites as well. Steve is a Graduate of Wayne State University with a BA in Finance. He has 32 years of recycling experience and former yard owner of Sam Allen, Schlafer Iron and TBS Trucking.
As President of FPT Ohio, Andrew (Drew) Luntz directs all activity of the FPT’s Ohio operations; including all yard activities, commercial transactions and business development. Drew is a fifth-generation member of the Luntz scrap metal family and was born into the scrap industry in Northeastern Ohio; learning all phases of the business and developing the skills that serve FPT today. Drew previously was President and co-owner of the Luntz Corporation as well as former President of Phillips Metals.
As President, Mr. Wild oversees the daily operation of Parts Galore, a concept he invented in 2000, after realizing there was an opportunity to capitalize on the “do-it-yourself” trend in auto maintenance.
Armed with his decades-spanning knowledge of the automotive parts industry and people who enjoy working on cars, Mr. Wild invented the “Parts Galore” concept – providing a safe, clean, used auto parts facility that permits customers to salvage parts from used cars and save money. Soon after, Mr. Wild teamed with Soave Enterprises to pursue creation of the first Parts Galore in Detroit, Michigan.
Possessing more than 40 years’ experience in the used auto parts and scrap metal business, Mr. Wild has experience in all areas of the business, excelling as a purchaser, buyer, manager; operator and owner of auto salvage and scrap operations.
In 1995, Mr. Wild converted Hi-way Auto from a full-service parts facility to a scrap metal operation. In 1988, while continuing to own and operate Highway Auto, he started Scrap Busters, Inc. in Wayne, Michigan, a full-service auto salvage yard that is now owned and operated by his son.
As a teenager, Mr. Wild learned the business working at Hi-way Auto in Taylor, Michigan, a company he would eventually purchase in 1984.