People

Europe: Lafarge and Holcim have completed the appointments for the future executive committee of LafargeHolcim following a recommendation by Eric Olsen, future CEO of the combined group. The future executive committee, under the leadership of Eric Olsen, is composed of:

• Finance - Thomas Aebischer, currently in charge of finance at Holcim;
• Integration, organisation and human resources - Jean-Jacques Gauthier, currently in charge of finance at Lafarge;
• Europe - Roland Köhler, currently in charge of Europe at Holcim;
• Asia Pacific - Ian Thackwray, currently in charge of East Asia Pacific and trading at Holcim;
• Middle-East Africa - Saâd Sebbar, currently in charge of Morocco at Lafarge;
• North America - Alain Bourguignon, previously in charge of North America and the UK at Holcim;
• Latin America - Pascal Casanova, currently in charge of France at Lafarge;
• Performance and cost - Urs Bleisch, currently in charge of corporate functions at Holcim;
• Growth and innovation - Gérard Kuperfarb, currently in charge of innovation at Lafarge.

Following appropriate information-consultation processes with relevant works councils and employee representatives, Lafarge and Holcim have now entered a binding agreement with CRH regarding the sale of several assets. The assets include operations mainly in Europe, Canada, Brazil and the Philippines with an enterprise value of Euro6.5bn. The divestments remain subject to the completion of the merger including the acceptance of Holcim's public exchange offer by the shareholders of Lafarge. The merger is expected to close in July 2015.

India: Vaishno Cement Company Ltd has appointed Nabin Kr Jain, Vineet Agarwal and Kakali Ghosh as non-executive independent directors with effect from 22 April 2015. Further, Vijay Jaideo Poddar, Girdhar S Bansal and Sarita Agarwal, all non-executive independent directors, have resigned from directorship with effect from 22 April 2015.

Switzerland: Kaspar E A Wenger has been appointed as the chairman of the board of Holcim (Schweiz) AG. The role follows more than 20 years at Holcim, including more than ten years of operating responsibility for Holcim (Schweiz) AG and the responsibility for Central Europe.

In the framework of the progressing merger between Holcim and Lafarge, Wenger will become designated chairman of the board of Holcim (Schweiz) AG, effective from 30 June 2015. He will relinquish his responsibilities as area manager for Central Europe (Switzerland, South Germany, Italy). Wenger will play a key role in supporting the activities of LafargeHolcim in Switzerland specifically.

Gerd Aufdenblatten, currently CFO of Holcim Central Europe, will replace Wenger and become cluster-CEO. Gerd Aufdenblatten joined Holcim in 2007 and became CFO of Holcim Central Europe in 2013. A successor for the position of CFO will be communicated in due course.

Nigeria: Dangote Cement has appointed Douraid Zaghouani as a non-executive director with effect from 29 April 2015. Zaghouani holds a degree in Civil Engineering from École Nationale des Travaux Publics de l'État in France and is also a graduate in Business Administration from the École Supérieure des Sciences Commerciales business school in Paris.

Zaghouani is presently the Chief Operating Officer of the Investment Corporation of Dubai (ICD). In this role, he supports the CEO's Office in corporate strategy development and is responsible for the efficient operational management of the organization.

Italy: Cementir Holding has appointed Francesco Caltagirone Jr as Chairman and chief executive officer (CEO), Carlo Carlevaris as Vice Chairman and Riccardo Nicolini as General Manager. Paolo Di Benedetto has been appointed as 'Lead Independent Director'. Chief financial officer Massimo Sala has been appointed as the corporate accounting documents officer for 2015.

The board of directors at Cementir have also established the following internal committees.

Executive Committee: Francesco Caltagirone Jr (Chairman), Mario Delfini and Riccardo Nicolini.

Control and Risk Committee: Paolo Di Benedetto (Chairman), Veronica De Romanis and Chiara Mancini.

Nominations and Compensation Committee: Paolo Di Benedetto (Chairman), Veronica De Romanis, Chiara Mancini and Mario Delfini.