CMC Board Names McClean Chairman
07/14/2008 - The Commercial Metals Co. Board of Directors elects Murray R. McClean as Chairman of the Board in addition to his ongoing responsibilities as President and Chief Executive Officer.
Commercial Metals Co.’s Board of Directors has elected Murray R. McClean Chairman of the Board in addition to his responsibilities as President and Chief Executive Officer. The appointment takes effect upon Stanley A. Rabin's previously announced retirement from the position on August 31, 2008.
“This action acknowledges Murray's leadership role and reflects the Board's confidence in his continued success,” said Rabin. “I am proud of Murray as well as our entire management team and will retire confident that CMC is poised to achieve record heights.”
"Murray McClean has played a vital role in the company's success,” added Anthony A. Massaro, Lead Director. “His demonstrated leadership abilities will help take CMC into the future as Chairman, President and Chief Executive Officer. The Board and the steel industry will miss Stan Rabin, but the Board has every confidence in Murray.”
McClean has served as a director since July 2006 and was named Chief Executive Officer in September 2006. He joined the company in 1985 as Managing Director of its Marketing and Distribution Office in Sydney, Australia. He was appointed President of the International Division of the Marketing and Distribution segment in 1993, and President of CMC's Marketing and Distribution segment in 1999, Executive Vice President and Chief Operating Officer in September 2004, President in January 2006, and CEO in September 2006.
Commercial Metals Co. and subsidiaries manufacture, recycle and market steel and metal products, related materials and services through a network including steel minimills, steel fabrication and processing plants, construction-related product warehouses, a copper tube mill, metal recycling facilities and marketing and distribution offices in the United States and in strategic international markets.
