Displaying items by tag: CEO

Pakistan: Lucky Cement has announced its reappointment of Muhammad Sohail Tabba to the role of chair of its board. The appointment will be effective through to 2027. Tabba has served in the role since 1993. He currently holds other executive positions in the textiles and energy sectors, at Gadoon Textile Mills, Lucky Textile Mills and Yunus Energy.

Meanwhile, Muhammad Ali Tabba will also continue to occupy the position of CEO through to 2027. He was first appointed to the role in 2005.

Germany/US: Heidelberg Materials CEO Dominik von Achten spoke during the producer’s 2023 results presentation about ‘various scenarios’ to maximise the benefits of its high valuation in the US. Börsen-Zeitung News has reported that the company is considering a possible listing in the US. Alternative scenarios include the launch of an initial public offering (IPO) there.

US: Boral North America has fully or partly suspended operations at four plants and made more than 1700 of its 6900 employees redundant. The Financial Review newspaper has reported that Boral North America chief executive officer (CEO) David Mariner will resign at the end of May 2020.

Australia-based Boral predicted a 3 - 5% year-on-year decrease in net profit in the first half of 2020. Boral chief financial officer (CFO) Ros Ng said, “Boral had US$839m of cash and undrawn liquidity at the end of April 2020.” The group announced a reshuffle of its debt facilities on 15 May 2020.

Thailand: Vorathep Rangchaikul will resign from the position of CEO at Siam City Cement . The resignation takes effect from 7 April 2016.

UK: Hanson UK's CEO Patrick O'Shea will step down in December 2015 after eight years at the head of the construction materials business. He will be succeeded by Daniel Cooper, who is currently Northern Regional General Manager for Hanson Australia.

O'Shea joined Hanson plc in 1990 and held a variety of senior financial and operational roles before becoming Chief Executive of Hanson Pacific in 2001. In 2003 he added responsibility for continental Europe to this role, becoming Chief Executive of Hanson Continental Europe and Asia. He was appointed Managing Director of Hanson Aggregates UK in June 2004. When Hanson plc was acquired by HeidelbergCement in 2007, O'Shea was appointed CEO of the combined UK business, which brought together Hanson's aggregates and building products operations with HeidelbergCement's Castle Cement business, to form Hanson UK.
His tenure encompassed the longest and toughest recession ever experienced in the construction industry.

"It's not been easy, but I have enjoyed the challenge of leading the company through this difficult period and into a position where I believe we are well placed to take advantage of the opportunities which lie ahead,' said O'Shea. "I am confident that the company has a bright future and I look forward to watching it prosper and grow."

Daniel Cooper joined Pioneer Concrete in Australia in 1993. Hanson acquired Pioneer in 2000 and Cooper has held a number of operational, commercial and customer service management roles, including Regional General Manager for Western Australia.

US: Lehigh Hanson has named Jon Morrish as its new President and Chief Executive Officer with effect from 15 October 2015 to replace Daniel Harrington after 20 years with the company.

Harrington had been the president and CEO of Lehigh Hanson since 1 January 2010. Lehigh Hanson said in a press release that Harrington had helped lead the company through the economic downturn in 2008.

"Harrington's many contributions and industry knowledge played a key role in positioning the company for future growth," said Lehigh Hanson's press release.

Morrish will join the company's managing board in February 2016 and was appointed to the top post at Lehigh Hanson after being the President of the South Region. He has been with the company since 2009. Before being President of the South Region, Morrish was the Managing Director of the company's UK cement business.

Europe: Holcim's largest shareholder Thomas Schmidheiny is happy with the appointment of Lafarge executive Eric Olsen as the future head of LafargeHolcim once the merger is completed. "Thomas Schmidheiny views Eric Olsen as a very good appointment," said Schmidheiny's spokesman. Shareholders of Holcim still need to ratify the merger at a vote in May 2015.

Europe: Lafarge has identified two potential chief executive candidates for LafargeHolcim, according to local media. Lafarge chief financial officer Jean-Jacques Gauthier and vice president Eric Olsen have both been named. The companies need to find a new chief executive after Holcim demanded a change to the initial agreement that would have installed Lafarge chief Bruno Lafont as head of LafargeHolcim.

Bangladesh: Sumanta Pandit has been appointed as CEO of Holcim Cement (Bangladesh) Ltd. Pandit joins Holcim Bangladesh from Emirates Cement, a subsidiary of UltraTech India, where he was heading the business in Bangladesh as country manager.

Prior to this, Pandit worked for various multinational cement companies in different management positions. During his long career in the cement industry, Pandit has worked in Switzerland, Oman, Kuwait, Sri Lanka and Sudan. With 22 years of exposure in the industry, he brings with him considerable regional and international experience. He holds an honours degree in Civil Engineering from the University of Mumbai.

South Africa: PPC will reshuffle its board due to shareholder pressure. However, it will not reinstate its former chief executive Ketso Gordhan. In a statement, it said that four of its current directors will step down and be replaced by six new ones, expanding the number of directors to 12, according to Reuters.

Shareholders in PPC were due to vote to remove the board in a resolution put forward by three minority shareholders, who had also backed Gordhan as a director. However, the shareholders have agreed to withdraw that demand in favour of the reshuffling plan. Gordhan was not among the latest set of candidates for new board positions.

PPC shareholders and investors were advised against removing the board to support a return by Gordhan by global shareholder voting research firm Glass Lewis & Company. The US firm told clients in a report that while Gordhan seemed qualified to implement PPC's expansion strategy, he had displayed 'erratic and volatile' behaviour and the company's board had been reasonable in accepting his resignation in September 2014.