Sortera Technologies Welcomes New CFO to Spearhead Expansion Plans
Sortera Technologies Inc., a leading industrial scrap metal recycling company based in Markle, Indiana, has announced the appointment of Curt Sacks as Senior Vice President and Chief Financial Officer. With a wealth of experience in financial management, Sacks joins Sortera to lead the finance team during a pivotal phase of expansion and commercialization.
Bringing a strong track record of success to his new role, Sacks most recently served as CFO of Zero Motorcycles in California. His expertise in guiding companies through rapid growth phases makes him an invaluable addition to Sortera’s leadership team as the company aims to solidify its position in the $1 trillion metals and recycling markets.
Sortera is renowned for its innovative technology platform, which facilitates the complex sorting and recycling of mixed aluminum alloys, contributing to the sustainability of the manufacturing process. With Sacks at the helm of the finance team, Sortera is poised to accelerate its growth trajectory and advance its technology into new materials.
CEO Michael Siemer expressed enthusiasm about Sacks joining the team, highlighting his contributions to navigating companies through periods of significant growth. Siemer emphasized Sortera’s commitment to leveraging cutting-edge technology to transform the recycling industry and contribute to global sustainability efforts.
Prior to his role at Zero Motorcycles, Sacks held CFO positions at GigOptix Inc. and Endwave Corp., both based in California. His extensive experience in financial management and strategic planning positions him well to support Sortera’s ambitious expansion plans.
Sortera recently closed a $30.5 million Series C funding round, signaling investors’ confidence in the company’s vision and potential for growth. The funds will be utilized to expand Sortera’s operations across North America, further establishing its presence in the market.
With a newly established 200,000-square-foot facility in Markle, Sortera is equipped to handle up to 220 million pounds of scrap metal per year, positioning the company for continued success and innovation in the recycling industry. As Sortera embarks on its next chapter of growth, Sacks’ leadership will play a pivotal role in driving financial strategy and ensuring the company’s long-term success.
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