Commercial Metals Company Names New Chief Financial Officer
05/06/2011 - Commercial Metals Co announced that Barbara R. Smith will assume the role of Senior Vice President and Chief Financial Officer, succeeding Bill Larson who has been with CMC for twenty years.
Commercial Metals Co announced that Barbara R. Smith will assume the role of Senior Vice President and Chief Financial Officer for the company, effective June 1, 2011. She succeeds Bill Larson who has been with CMC for twenty years, the last twelve in the role of CFO.
In her new position, Barbara will have responsibility for all financial functions of the company.
"We are pleased to welcome Barbara to CMC, and we are confident, based on her background and experience, she will play a key role in CMC's future success,” said Murray R. McClean, the company's CEO and Chairman. “We wish to take this opportunity to thank Bill Larson for his tremendous contribution to CMC.”
Joe Alvarado, President and COO, echoed McClean's sentiments and added, "I congratulate Barbara on her new role and I am looking forward to working with her. I am confident she will provide strong financial leadership as we begin a new chapter in the Company's future. We thank Bill for his long and dedicated leadership, and we wish him the best."
Smith’s career included 24 years' service with Alcoa Inc. where she held a variety of financial leadership positions including Vice President of Finance for Alcoa's Aerospace, Automotive & Commercial Transportation Group (Cleveland, Ohio); Vice President and Chief Financial Officer, Alcoa Fujikura Ltd. (Nashville, Tenn.); and Director of Internal Audit (Pittsburgh, Pa.). She has also served as Senior Vice President and Chief Financial Officer for FARO Technologies, Inc. in Orlando, Fla. Most recently, she served as Vice President and Chief Financial Officer for Gerdau Ameristeel in Tampa, Fla.
A graduate of Purdue University with a degree in Accounting, Smith is also a Certified Public Accountant. She was recently elected to the Board of Directors for Minerals Technology, Inc. (MTX).
Irving, Texas-based 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 international markets.
