NEW YORK, Aug 24 (Reuters) - Metals recycler and auto-parts retailer Schnitzer Steel Industries Inc. on Wednesday said it is under formal investigation by the U.S. Securities and Exchange Commission related to an internal probe of improper commissions paid to executives of Asian customers.
The company also named its acting CFO to a new role overseeing the integration of acquired assets and named a new interim CFO, Gregory Witherspoon.