Amsterdam’s Constellium N.V. announced the appointment of Peter R. Matt as as Executive Vice President and Chief Financial Officer of the firm yesterday.
Matt will join the firm and become the Executive Vice President and Chief Financial Officer on Tuesday. Constellium plans to transition him to its official Chief Financial Officer on January 1. The sitting Interim Chief Financial Officer Corinne Fornara will continue to carry out her duties as such until the end of the year, and then return to her former role as the firm’s Group Controller.
“We are delighted to have Peter join our executive leadership team,” said Constellium’s Chief Executive Officer Jean-Marc Germain. “Peter’s breadth of financial expertise, longstanding experience with the financial community and extensive knowledge of the metal market will be critical to seizing the short term and long term opportunities to optimize our balance sheet, implement our strategic plan and unlock shareholder value.”
A graduate of Amherst College, Matt’s prior experience includes three decades as an investment banker at First Boston/Credit Suisse. His duties there included building coverage practices for Metals and Diversified Industrials. Matt’s final position at the company was Managing Director and Group Head, where he was responsible for managing the firm’s Global Industrials business in the Western Hemisphere. His areas of expertise include business strategy, capital structure, capital allocation, investor communications, treasury, and mergers and acquisitions. According to Constellium, Matt will be responsible for the firm’s Finance, IT, and Procurement operations. He is to office in the United States and will report directly to Constellium’s CEO Germain.
Constellium, based in Amsterdam, was founded in 2011 when Anglo-Australian mining giant Rio Tinto sold Alcan Engineered Products to Apollo Management (51%) and FSI (10%). The firm produces rolled and extruded aluminium products from various alloys. The firm brought in €3.7 billion of revenue in 2014.