Sims Metal Management (ASX:SIM) sitting CEO Mike Kane will not stand for election at the company’s 2019 AGM and will retire from the Board on 4 November 2019.The company announced the decision today following concerns expressed by some investors about his role as a sitting CEO.The news comes just weeks after Sims flagged a potential first-half loss of up to $30 million due to a collapse in ferrous metal prices.The company has thanked Mr Kane for his service.Shares in Sims Metal Management (ASX:SGM) have fallen by 18 per cent over the last twelve months, on Friday they closed 4.39 per cent higher at $9.76.

Finance News Network Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.

Cable Tester, Cable Manager, Patch Panel, Surface Mount Boxes - Uniconm,