Fri, Aug 2, 12:17 PM (88 days ago)
Commercial Metals Company (CMC) announced significant leadership changes effective August 31, 2024. Barbara R. Smith, the Executive Chairman, will retire, and Robert S. Wetherbee, an independent director since March 2023, will assume the role of Chairman of the Board on September 1, 2024. Sarah E. Raiss will resign as Lead Director but remain on the Board. Vicki L. Avril-Groves will also retire from the Board. Tandra Perkins, currently Senior VP and Chief Digital and Administrative Officer at Phillips 66, will join the Board as a Class II director and serve on the Compensation and Finance Committees. The Board will reduce its total seats from ten to nine directors. These changes aim to strengthen CMC's leadership and strategic direction.