IRVING, Texas, Oct. 26 /PRNewswire-FirstCall/ -- Stanley A. Rabin,
Chairman, President and CEO of Commercial Metals Company (NYSE: CMC),
announced today that Russell B. Rinn, currently Chief Operating Officer of the
CMC Steel Group, will be appointed President and Chief Executive Officer of
the CMC Steel Group effective January 26, 2006.
Rinn has been with the Company since 1978 and has served in a variety of
operating and management positions with the Company's steel mills and rebar
fabricating business segments, and as COO of the CMC Steel Group for the past
two years. Educated in Seguin, he graduated from Texas Lutheran University,
and he recently completed the Stanford University Senior Executive Program.
Rinn is well known in the steel trade organizations including CRSI and SMA.
He has been an active member of the Seguin community.
Clyde P. Selig, 73, currently President and CEO of the CMC Steel Group and
a Director of Commercial Metals Company, will not stand for reelection as a
Director when his term ends January 26, 2006, but will be appointed Advisor to
the Chairman and continue to be active with the Company. Selig has been a
leading figure within both CMC and the steel industry over his more than 43
years of service with CMC. During his tenure, Selig has been a steady guiding
force for the CMC Steel Group from its beginnings as a single re-rolling
operation to its current position as a vertically integrated steel
manufacturing, fabrication and distribution operation with more than 100
locations. Along the way, he has been instrumental in developing a deeply
entrenched culture within both CMC and the CMC Steel Group. This culture is
best embodied by the "CMC Way," a philosophy of caring and working together as
a team with dignity and respect and whose eternal values are the cornerstone
of how CMC Steel Group business is conducted. Under Selig's guidance, the CMC
Steel Group recorded the two most successful years in its more than 55-year
history -- in terms of both financial and operational results. There are
currently over 6,700 men and women located from coast to coast in the CMC
Steel Group.
Commercial Metals Company 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 overseas markets.
SOURCE Commercial Metals Company
 back to top
Related links:
http://www.commercialmetals.com
CONTACT:
Debbie Okle, Director, Public Relations of
Commercial Metals Company, +1-214-689-4354
|
