Guido will serve for a term that will expire at the annual meeting of stockholders scheduled to be held in January 2008. At that time, it is anticipated he would be included with the slate of nominees submitted for election by stockholders.

Guido recently retired from Ernst & Young following a 38-year career with the firm. He previously served as Vice Chair and CEO of Ernst & Young's Assurance and Advisory Practice, with responsibility for overall business strategy and significant dealings with both the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB) on behalf of the firm. Guido also co-chaired the firm's Global Client Steering Committee, and served as a senior advisory or engagement partner to numerous global companies.

"Bob brings to the CMC board a unique background of accounting and financial expertise, international experience with several global clients and senior policy positions while at Ernst & Young,” said Stanley A. Rabin, Chairman of the Board, when announcing the election. “His considerable experience in various SEC and PCAOB matters will provide valuable insight and assistance to our Board and management. We are extremely pleased to be able to attract a director of this caliber to our Board."

Guido will serve as a member of the Audit Committee and Nominating and Corporate Governance Committees of the CMC Board. The Board has affirmatively determined that Guido is "independent" as required by the Sarbanes-Oxley Act of 2002 and applicable listing requirements of the New York Stock Exchange (NYSE) and is eligible and qualified to serve—and will serve—on the Board’s Audit Committee. Guido currently serves as a director of and chairs the Audit Committee of Bally Technologies, Inc., a NYSE-listed company.

“We welcome Bob and look forward to his immediate contributions,” commented Murray McClean, President & CEO. “His experience advising a broad array of companies and businesses with significant international operations will bring new perspectives to CMC's challenges and opportunities. Our entire management team looks forward to his experienced guidance with our overall business direction and execution.”

Commercial Metals Co. and its 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 overseas markets.