Service Centers
CMC Names New CFO as Lindsey Retires
Written by Sandy Williams
July 8, 2019
Commercial Metals Company announced the retirement of Senior Vice President and Chief Financial Officer Mary A. Lindsey, effective Aug. 31.
Lindsey joined the company in 2009 as Vice President-Tax, transitioning to Vice President-Tax and Investor Relations in 2015 and Vice President and Chief Financial Officer in January 2016. She was promoted to Senior Vice President in September 2017.
Paul J. Lawrence will assume the role of Vice President and Chief Financial Officer for Commercial Metals.
Lawrence joined the company in 2016 as Vice President of Finance He was appointed Vice President of Finance and Treasurer in September 2016 and his role was expanded to include Financial Planning and Analysis in January 2017. Before coming to Commercial Metals, Lawrence worked for U.S. steel producer Gerdau Long Steel North America and Gerdau Ameristeel Corp.
“I want to congratulate Paul Lawrence on his new role,” said President and CEO Barbara Smith. “We are confident, based on his background and experience, Paul will play a key role in CMC’s future success, and we wish to take this opportunity to thank Mary for her valuable contributions to CMC over the past decade.”
Sandy Williams
Read more from Sandy WilliamsLatest in Service Centers
Reliance taps Stotlar to be new board chair
Reliance Inc., the largest service center chain in North America, has picked Douglas Stotlar to be the next chairman of its board. The move will be effective Jan. 1, 2025. Mark Kaminski, the current chair, will then step down from that role but will remain on the board.
Flack Global Metals closes on Pacesetter deal
Flack Global Metals (FGM) has closed on its majority ownership stake in Pacesetter Steel Service.
Worthington Steel profits fall amid lower prices, volumes
Worthington Steel’s earnings tumbled in its fiscal first quarter of 2025. The company cited a drop in selling prices and tons sold for the sales dip for the three months ended Aug. 31.
Buyers say galv prices stable mill level but stuck in swamp on the street
Galvanized steel buyers on Tuesday discussed the eerie stability in sheet prices of late. Expectations are for the murky market to persist in the short term, while glimmers of hope continue for prices pushing higher.
Triple-S Steel buys West Coast distributor Borrmann Metals
Triple-S Steel Holdings has acquired West Coast steel products distributor Borrmann Metals Co.