India: Ashish Guha, chief executive officer (CEO) and managing director (MD) of HeidelbergCement India has resigned.
"Ashish Guha, CEO and MD of the company has notified the board at its meeting held on 2 May 2014 that he had tendered his resignation to HeidelbergCement Group," said HeidelbergCement.
Kuwait: Hilal Cement Company has appointed Muhammad Muhtashem Khan as a board member, effective 10 April 2014. He replaces Yan Mahdi Baqi.
US: Titan Group has announced that after 20 years at the helm of Titan America, Aris Papadopoulos will retire from the position of CEO, effective 1 August 2014. According to a release, he will become Executive Chairman of ST Equipment & Technologies (STET), reporting to the Group CEO and also serve as an advisor.
The company noted that, commencing with a 1994 joint venture with Roanoke Cement, Papadopoulos led Titan America through a growth trajectory that included the acquisition of Tarmac America and Separation Technologies, modernising the company's two cement plants, numerous operational expansions and multiple concrete acquisitions.
"During Aris' tenure, Titan America grew from a cement joint-venture in Roanoke, Virginia, to the pre-eminent East Coast construction materials producer," said Dimitri Papalexopoulos, CEO of Titan Group. "Aris, more than anyone else, has shaped Titan America over two decades."
Bill Zarkalis, Group CFO since 2010, will succeed Papadopoulos. Zarkalis joined the Group in 2008 as Director of Business Development. He previously held executive positions at Dow Chemical. As CEO-designate, he will work closely with Papadopoulos to ensure a smooth transition. Michael Colakides will become Group CFO, effective 16 May 2014. Colakides recently returned to the Group as Senior Strategy Advisor after more than a decade in several banking industry executive roles.
Worldwide: Lafarge and Holcim have released plans regarding who will lead their proposed merger, LafargeHolcim. The chairman of the new board will be Wolfgang Reitzle, the future chairman of Holcim. Bruno Lafont, chairman and CEO of Lafarge will become CEO of the new group and member of the board.
Thomas Aebischer, Holcim's CFO will become CFO of the new group. Jean-Jacques Gauthier, Lafarge's CFO will become chief integration officer of the new group. The Executive Committee will be formed from both Lafarge and Holcim management.
In order to ensure efficient execution of the merger, an integration committee will prepare the integration plan to be implemented straight after the closing of the transaction. Bernard Fontana, Holcim's existing CEO will remain in charge of Holcim until completion of the transaction. He will co-chair the integration committee.
The merger is expected to be completed in the first half of 2015 subject to shareholder approval and regulatory approval in the many countries that the two multinational building materials producers operate in.
