Displaying items by tag: Chief Financial Officer

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.

Denmark: FLSmidth’s chief financial officer (CFO) Lars Vestergaard has agreed with the board of directors to resign from the company, effective immediately. FLSmidth has stated as the reason for the change a need for ‘a different set of competences to strengthen our organisation and execute long-term financial targets.’ It thanked Vestergaard for his commitment and dedication in helping FLSmidth achieve milestones in ‘creating a stronger and more focused organisation. FLSmidth Head of Group Reporting and Compliance Naja Barrisøe supersedes Vestergaard as interim CFO until the newly appointed CFO joins the company on or before 1 July 2020.

Switzerland: LafargeHolcim has appointed Ron Wirahadiraksa as the new Chief Financial Officer (CFO) and member of the Executive Committee. Ron Wirahadiraksa will succeed Thomas Aebischer, who is pursuing new opportunities outside the group. Ron Wirahadiraksa will join LafargeHolcim on 1 December 2015.

Ron Wirahadiraksa is currently Executive Vice President and CFO of Philips, a group he joined in 1987. After working in the Netherlands, Greece, Malaysia and the US, he became CFO at LG Philips LCD in South Korea in 1999. During that time, as President and CFO, he shared operating leadership with the Korean CEO. He became CFO at Philips Healthcare in 2008. In 2011, he took over as CFO for the Philips Group and played a pivotal role in the transformation of the company. Ron Wirahadiraksa was born in the Netherlands in 1960 and graduated with a doctorate in Business Economics from The Free University of Amsterdam, the Netherlands.

"I would like to thank Thomas Aebischer for his contribution to the group and I wish him every success in his future endeavors," said Eric Olsen, CEO of LafargeHolcim. "I am delighted to welcome Ron to LafargeHolcim. Ron is a highly-skilled and experienced CFO with a multicultural background. He comes with vast experience in transforming business models, driving performance and in taking value creation to the next level."

"Attracting an international CFO of Ron Wirahadiraksa's caliber is a great opportunity for LafargeHolcim and I am pleased to see him joining the group," said Wolfgang Reitzle, Statutory Chairman of LafargeHolcim. "Under the leadership of Eric Olsen, we have a diverse and strong management team that will be key to the success of our transformation journey to create superior value for our shareholders."