IRVING, Texas, July 2,
2019 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC)
(the "Company") headquartered in Irving, Texas, announced today that
Mary A. Lindsey has announced her
retirement as Senior Vice President and Chief Financial Officer of
the Company effective as of August
31, 2019. Lindsey joined the Company in September
2009 as Vice President-Tax. She was appointed Vice
President-Tax and Investor Relations in June 2015, Vice
President and Chief Financial Officer in January 2016 and Senior Vice President and Chief
Financial Officer in September 2017. She has been a constant
contributor to the Company over her many years of
service.
In accordance with the Company's normal succession planning, the
Company has also announced that effective September 1, 2019,
Paul J. Lawrence will assume the
role of Vice President and Chief Financial Officer for the Company,
reporting to Barbara R. Smith,
Chairman, President and CEO. In this position, Lawrence will have
responsibility for all financial and IT functions of the
Company. Lindsey will remain employed with the Company for a
period of time to ensure a smooth transition of the CFO role to
Lawrence.
Lawrence joined the Company in February
2016 as Vice President of Finance. He was appointed Vice
President of Finance and Treasurer in September 2016 and his role was expanded to
include Financial Planning and Analysis in January 2017. Prior to joining the Company,
from 2003 to 2016, Mr. Lawrence worked for both Gerdau Long Steel
North America, a U.S. steel producer, and Gerdau Ameristeel
Corporation, where he held a variety of financial roles, including
Assistant Vice President and Corporate Controller, and Deputy
Corporate Controller. From 1998 to 2002, Mr. Lawrence held
several financial positions with Co-Steel Inc., which was acquired
by Gerdau SA. Mr. Lawrence graduated with an Honors
Bachelor's degree of Commerce from Queen's University, Kingston, Ontario in 1992 and is a Chartered
Professional Accountant.
Barbara R. Smith, the Company's
Chairman, Chief Executive Officer and President, said, "I want to
congratulate Paul Lawrence on his
new role. We are confident, based on his background and
experience, Paul will play a key role in CMC's future success, and
we wish to take this opportunity to thank Mary for her valuable
contributions to CMC over the past decade."
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 of facilities that includes eight
electric arc furnace ("EAF") mini mills, two EAF micro mills, a
rerolling mill, steel fabrication and processing plants,
construction-related product warehouses, and metal recycling
facilities in the United States
and Poland.
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SOURCE Commercial Metals Company