CMA Corporation Limited has announced the appointment of two members to its board of directors. The new directors, Mr Oliver Scholz and Mr Parag Johannes Bhatt, have been nominated by CMA’s major shareholder Scholz Invest GmbH and their appointments take effect immediately.

Mr Scholz joined Scholz AG in 1991 and was responsible for the development and integration of operations the company acquired in eastern Germany. He has significant experience in metals recycling management and has been a director of Scholz AG since 1999.

Mr Parag Johannes Bhatt joined Scholz AG’s board in 2007 as the company’s CFO. Prior to that, Mr Bhatt was the Scholz Group’s head of Corporate Finance and Development.

Mr Alan Good chairman of CMA said that "On behalf of my fellow directors and management I welcome Mr Scholz and Mr Bhatt to CMA Corporation's board. Their extensive global experience in metal recycling and corporate finance will strengthen CMA’s strategic decision making, and help us capitalize on the strengthening market for our services and products."

Scholz Invest GmbH is also represented on the CMA board by Mr Mike Greulich, who was appointed in November 2009.