Jack Canty and Timothy Rake hired as COO and CFO of Upstate Shredding – Weitsman Recycling

Upstate Shredding – Weitsman Recycling announced last week that they have hired two senior level executives to lead the operations and finance for the company. Company CEO Adam Weitsman announced the hiring of seasoned professionals Jack Canty as Chief Operating Officer and Timothy Rake as Chief Financial Officer.  

Both executives bring many years of experience in their respective fields and will help position Upstate Shredding – Weitsman Recycling for additional growth and expansion in the latter half of 2018 and into 2019.

As COO, Canty will be responsible for all aspects of the company’s operations at all 17 locations. In this role, he will serve as a member of the corporate management team contributing to the development and implementation of organizational strategies, policies and practices to strengthen organizational excellence and ensure that industry standards are exceeded.  

He will also be directly involved in all aspects of the operation of all facilities providing oversight and leadership, ensuring that the highest levels of ethical conduct and professional standards are maintained by all company personnel at all times.

Jack Canty brings over 25 years of global experience in both finance and operations. He has extensive experience with the purchase and sale of major businesses; post-acquisition integrations, business systems implementations, and business process redesign projects. 

Canty previously held positions as Director and Consultant at JC Jones and Associates, CFO at Agway Energy Products, Division Controller at ITT Industries, and VP of Operations at Advanced Motors and Drives. 

Canty is a Certified Turnaround Professional (CTP) and a New York State CPA. He earned his Bachelor of Science in Accounting from Alfred University. He is a member of the Turnaround Management Association and serves on the boards of Strategic Communications, LLC, and the Leo A. Pinckney Scholarship Fund.

In his newly appointed position, Rake will be accountable for the administrative, financial and risk management operations of the company, to include the development of a financial and operational strategy, metrics tied to that strategy, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results. The hire comes on the heels of a new heavy media plant being commissioned as well as additional technology systems being built and installed at the company’s primary processing facility in Owego.  

Rake will also be responsible for controllership duties, which includes presenting and reporting accurate and timely historical financial information of the company as well as oversee the capital structure of the company, determining the best mix of debt, equity and internal financing.

Prior to joining the company, Rake served as Tax Manager for 12 years at Firley, Moran, Freer and Eassa, and was at Pricewaterhouse Coopers prior to that. He is a CPA and holds a Bachelor of Science in Business Administration with a concentration in Accounting and Finance from the University of Buffalo. 

Upstate Shredding – Weitsman Recycling is the East Coast’s largest privately held scrap metal processor, operating 17 locations throughout New York and Pennsylvania. The company will process more than one million tons of ferrous and 250 million pounds of nonferrous scrap metal in 2018.  

Weitsman was honored as the top scrap recycling company in the world by S&P Platts Global, the premier resource for metals and mining worldwide, in 2014 and 2016. The company also won the award for Scrap Company of the Year from American Metal Market in 2015 and 2016.  

For more information on the company, visit www.upstateshredding.com.