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.”
Peter R. Matt [Photo: Commercial Metals Co.]
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.
Commercial Metals Co. and its subsidiaries manufacture, recycle, and fabricate steel and metal products and provide related materials and services via a network of facilities that includes seven electric arc furnace mini mills, two EAF micro mills, one rerolling mill, steel fabrication and processing plants, construction-related product warehouses and metal recycling facilities in the U.S. and Poland.
Through its Tensar operations, CMC is a leading global provider of innovative ground and soil stabilization solutions selling into more than 80 national markets through two major product lines: Tensar geogrids and Geopier foundation systems.
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R E A D N E X T
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Irving-based Commercial Metals Company has completed its acquisition of a Galveston-area metals recycling facility and related assets from Kodiak Resources and Kodiak Properties. Terms of the deal were not disclosed. The facility processes approximately 55,000 tons of ferrous and non-ferrous materials annually, "with the majority of volumes related to obsolete ferrous scrap grades consumed by CMC's long product mills," the company said. The deal is expected to enhance the security and supply of competitively priced inputs to CMC's steelmaking operations. Earlier this week, Barbara Smith, chairman, president, and CEO of Irving-based Commercial Metals Company, was named an EY Entrepreneur Of…
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Ernst & Young has announced that Barbara Smith (above), chairman, president, and CEO of Irving-based Commercial Metals Company, has been named an EY Entrepreneur Of The Year National Award winner. Smith joins nine others sharing the national award from New York, California, Florida, Indiana, and Maryland. Commercial Metals Company and its subsidiaries manufacture, recycle, and fabricate steel and metal products at facilities in the U.S. and Poland. READ NEXT: Irving’s Commercial Metals Company Acquires Galveston Metals Recycling Facility "I'm extremely proud of our continued solid execution, which has enabled us to fully capitalize on very strong market conditions in North America…
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In this week’s roundup of hires, promotions, and accolades in North Texas, you’ll also find news from UNT Dallas, 49 Financial, Daseke, Rogers Healy Commercial, CrossFirst Bank, and more.
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Sylvia Trent-Adams has become the seventh president of The University of North Texas Health Science Center at Fort Worth and the first black woman to lead a health science center in Texas. Her appointment was made formal this week by the school's board of regents. Adams was selected by the regents as the sole finalist for the position on Aug. 19 after an eight-month national search. State law requires university governing boards to name finalists for a presidency at least 21 days before making a permanent appointment. “From the first time I set foot on the HSC campus in January…
