Jack Grundfest to expand leadership role at Alter Trading Corp.

Little Rock native Jack Grundfest will expand his role with Alter Trading Corp. after the company announced the retirement of two key officers.

Alter Trading Corp., which bought Tenenbaum Recycling Group of Little Rock in 2018, announced Wednesday (Feb. 28) the pending retirements of CEO Jay Robinovitz and Senior VP Don Martin. Robinovitz will continue to serve as a member of the board of directors.

Under their leadership, Alter Trading has expanded to over 71 locations in nine states, a sales office in Singapore, 18 automobile shredders, and 1,600 employees.

Grundfest, who joined the company in 2018 with the acquisition of Tenenbaum Recycling Group, has served as Alter Trading’s president. He will further expand his role and become president and chief executive officer reporting to the chairman of the Board, Robert Goldstein.

“As I look forward to the next chapter in my life, I can’t think of anything more exciting than watching the company flourish under Jack’s leadership. With a world class group around him, this succession plan puts in place a fantastic team for the next phase of Alter’s growth and success,” Robinovitz said.

“It has truly been the opportunity of a career to work alongside and learn from both Jay and Don,” said Grundfest. “Not only are they two of the most knowledgeable leaders in the metals recycling industry, but they are also wonderful individuals who lead our organization by example. They will certainly be missed.”

Founded in 1898, Alter is a privately owned, fifth generation company. Headquartered in St. Louis, Alter provides a direct supply of high-quality metal products, raw materials, and related services to customers in the United States and internationally.