Commercial Metals Co. Appoints Industry Veteran as New President

As part of its succession plan, Irving-based Commercial Metals Co. has appointed Peter R. Matt as president, effective April 1. He succeeds Barbara R. Smith who will remain chairman and CEO of the company.

Matt will continue to serve on the company’s board, which he joined in June 2020.

“We have every confidence in Peter as he takes on the role and responsibilities of president, and his appointment is part of the company’s succession plan,” Smith said in a statement. “Peter brings a wealth of financial, strategic and executive managerial experience, and his leadership has been excellent during his tenure on the Board of Directors. I am pleased to transition the role of President of the Company to Peter. He is a proven leader, and this role shows that Peter has earned the full confidence of the Board and management.”

The company said that Matt is a seasoned global business leader with significant experience across a range of manufacturing companies in metals and metals-related industries.

Since January 2017, he has served as executive vice president and chief financial officer of Constellium SE, a global aluminum fabrication company. Before that, Matt served as a managing partner for Tumpline Capital LLC from 2015 to 2016.

From 1985 to 2015, he held various leadership positions with Credit Suisse.

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