# Peter Matt

> Peter R. Matt is president and chief executive officer of CMC, based in Irving, Texas. A former Credit Suisse investment banker and Constellium CFO, he became CMC’s CEO in September 2023 after joining its board in 2020. His tenure centers on operational improvement, steel mill investments and expansion into early-stage construction products, including concrete pipe and precast businesses.

- **Role:** President and Chief Executive Officer at CMC
- **Organizations:** CMC, Constellium SE (former executive), Credit Suisse / First Boston (former executive), Tumpline Capital, LLC (former managing partner), FX Matt Brewing Company (board member), Metals Service Center Institute (board member), American Corporate Partners (mentor)
- **From:** Utica, United States
- **Education:** Bachelor of Arts in English, Amherst College
- **Known for:** Built metals and diversified industrials coverage practices during a 30-year investment banking career., CMC’s board credited him with helping engineer a turnaround at a global manufacturing company., Led CMC as it completed the $675 million CP&P and $1.84 billion Foley Products purchases in December 2025, before customary adjustments.

## Career timeline

- **1985** — Graduated from Amherst College; began an investment banking career at First Boston/Credit Suisse.
- **2010-2015** — Managing Director and Group Head responsible for Credit Suisse’s Global Industrials business in the Americas.
- **2015-2016** — Managing Partner at Tumpline Capital, LLC.
- **2016-11** — Joined Constellium as Chief Financial Officer Designate.
- **2017-01** — Became Constellium Executive Vice President and Chief Financial Officer on January 1.
- **2020-06** — Joined CMC’s board of directors.
- **2023-04** — Became CMC president.
- **2023-09** — Succeeded Barbara R. Smith as CMC president and CEO, effective September 1.
- **2025-12** — CMC completed the CP&P and Foley Products acquisitions during his tenure.
- **2026-08** — Presented CMC’s fiscal 2029 mid-cycle financial targets at Investor Day.

## Achievements

- Built metals and diversified industrials coverage practices during a 30-year investment banking career.
- CMC’s board credited him with helping engineer a turnaround at a global manufacturing company.
- Led CMC as it completed the $675 million CP&P and $1.84 billion Foley Products purchases in December 2025, before customary adjustments.
- Reported more than $50 million of first-year EBITDA benefits from CMC’s TAG improvement program in fiscal 2025.

## Latest updates

- **2026-10** — On October 15, CMC reported fiscal fourth-quarter core EBITDA of $393.7 million, up 35.1% year over year, and net earnings of $212.5 million; regional residential softness weighed on precast performance.
- **2026-08** — CMC’s August 5 Investor Day introduced fiscal 2029 mid-cycle targets, including core EBITDA of $1.65-$1.8 billion.
- **2025-12** — CMC completed CP&P on December 1 and Foley Products on December 15.

## Links

- Website: https://www.cmc.com/
- LinkedIn: https://www.linkedin.com/in/petermatt

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Profile page: https://yespress.io/peter-matt
Published by YesPress — https://yespress.io
Last updated: 2026-10-21