IRVING,
Texas, Feb. 20, 2024 /PRNewswire/
-- Commercial Metals Company (NYSE: CMC) today announced that
it has named Dennis V. Arriola to
the Board of Directors, effective as of March 19, 2024.
Mr. Arriola brings more than 40 years of professional experience
to CMC's Board and currently serves as an Operating Partner for
Sandbrook Capital, a private investment firm that focuses on
investments that transform the world's energy infrastructure. From
2020 to 2022, he held the position of Chief Executive Officer
of Avangrid, Inc., a leading sustainable energy company with
$41 billion in assets operating
across 24 states. Mr. Arriola's professional career has also
included key leadership roles in executive, operating and financial
functions at Sempra and SunPower Corporation. He also serves on the
Board of Directors of ConocoPhillips, Meritage Homes and the
Automobile Club of Southern
California.
"We are pleased to welcome Dennis to our Board of Directors,"
said Barbara R. Smith, Executive
Chairman of the Board. "His extensive experience in the renewable
energy industry will benefit CMC's efforts to further evolve an
already world-class sustainability platform. In addition, Dennis'
global perspective gained managing international organizations
should offer valuable insights as we continue to create an
unparalleled provider of reinforcement solutions to the domestic
and international construction markets."
Arriola's appointment increases the number of directors to ten,
eight of whom are independent. He will serve on the Audit and
Finance Committees.
Mr. Arriola received a Bachelor of Arts in Economics from
Stanford University and a Masters of
Business Administration from Harvard
University.
About CMC
CMC is an innovative solutions provider
helping build a stronger, safer, and more sustainable world.
Through an extensive manufacturing network principally located in
the United States and Central Europe, we offer products and
technologies to meet the critical reinforcement needs of the global
construction sector. CMC's solutions support construction across a
wide variety of applications, including infrastructure,
non-residential, residential, industrial, and energy generation and
transmission.
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SOURCE CMC