IRVING, Texas, Nov. 29,
2016 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC)
today announced that its Board of Directors has promoted
Barbara R. Smith to the position of
President and Chief Operating Officer, which promotion will be
effective as of the Company's annual meeting of stockholders on
January 11, 2017. Ms. Smith has been
the Company's Chief Operating Officer since January 2016; she
will continue to report to Joe
Alvarado who will remain the Chairman and Chief Executive
Officer of the Company. In this new position, Ms. Smith will
have the responsibility for all operational departments of the
Company, both domestically and internationally. Ms. Smith will
continue to maintain her office at the Company's headquarters in
Irving, Texas.
Joe Alvarado, the Company's
President, CEO and Chairman, stated, "We have every confidence in
Barbara as she takes on the role and responsibilities of President,
and her promotion is part of the Company's long-term succession
plan. Barbara has held many leadership roles in the steel industry
during her career, and her leadership has been excellent during her
tenure as our Senior Vice President and Chief Financial Officer
since joining the Company in May 2011
and most recently as Chief Operating Officer."
In congratulating Ms. Smith, Joe
Alvarado, further stated, "I am pleased to transition the
role of President of the Company to Barbara. She has brought about
many positive changes since joining CMC. She is a true leader, and
this larger role shows that Barbara has earned the full confidence
of the Board and management."
Ms. Smith is a seasoned global business leader with significant
experience across a range of manufacturing companies in metals and
metals related industries. She joined the Company in
May 2011 as Senior Vice President and
Chief Financial Officer and has served as such until her promotion
to Chief Operating Officer in January 2016. Prior to joining
the Company, Ms. Smith served as Vice President and Chief Financial
Officer of Gerdau Ameristeel Corporation, a mini-mill steel
producer. Her experience also includes more than 20 years
with Alcoa in various leadership roles across a variety of Alcoa's
businesses.
About Commercial Metals Company
Commercial Metals Company and its subsidiaries manufacture,
recycle and market steel and metal products, related materials and
services through a network including steel minimills, steel
fabrication and processing plants, construction-related product
warehouses, metal recycling facilities and marketing and
distribution offices in the United
States and in strategic international markets.
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SOURCE Commercial Metals Company