Commercial Metals Company announced that Barbara R. Smith, the Company's Chief Executive Officer and Chairman, has chosen to retire as Chief Executive Officer and has been appointed Executive Chairman of the Board, effective September 1, 2023.  The board unanimously voted to appoint Peter R. Matt, the Company's President, to the role of Chief Executive Officer and President of the Company effective September 1, 2023.  Mr. Matt will also continue as a member of the Company's Board of Directors, which he joined in June 2020.

Mr. Matt is a seasoned global business leader with significant experience across a range of industrial companies including metals and metals-related industries. Mr. Matt has served as the Company's President since April 9, 2023.  Prior to serving as the Company's President, Mr. Matt served from January 2017 to April 2023 as Executive Vice President and Chief Financial Officer of Constellium SE, a leading global aluminum fabrication company. Prior to joining Constellium, Mr. 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.