Displaying items by tag: CEO

Mexico: Cemex has announced that its CEO, Fernando Gonzalez, will retire after 35 years with the company. The company’s board of directors has appointed Jaime Muguiro, current head of US operations, to succeed him. The changes will be effective on 1 April 2025.

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.

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: 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.