Commercial Metals Names Robert Wetherbee As Chairman, Effective September 1; Barbara Smith To Retire As Executive Chairman
Portfolio Pulse from Benzinga Newsdesk
Commercial Metals Company (CMC) has announced several key leadership changes. Robert Wetherbee will become Chairman effective September 1, as Barbara Smith retires as Executive Chairman. Sarah E. Raiss will resign as Lead Director effective August 31, 2024, but will remain on the Board. Vicki L. Avril-Groves will retire from the Board effective August 31, 2024. Tandra Perkins will join the Board on September 1, 2024, and will serve on the Compensation and Finance Committees.
August 02, 2024 | 11:36 am
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Commercial Metals Company (CMC) has announced significant leadership changes, including a new Chairman and several Board member transitions. These changes could impact the company's strategic direction and governance.
The leadership changes at CMC, including the appointment of a new Chairman and Board member transitions, are significant but do not immediately suggest a positive or negative impact on the stock price. Investors will likely wait to see how these changes affect the company's strategic direction and performance.
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