Holcim Announces CEO Departure, Executive Committee Changes

Holcim Ltd. announced that in connection with the successful public exchange offer and the expected closing of the merger with Lafarge, Bernard Fontana will step down from his position as CEO of the company with the completion of the merger. He will also resign from all mandates in all Holcim Group entities.

“It has been a pleasure and honor to work with remarkable and passionate people throughout the past years at Holcim,” said Fontana. “I wish the new company LafargeHolcim and the entire team all the very best for the future.”

Holcim and Lafarge had earlier announced the leadership of LafargeHolcim with Wolfgang Reitzle as statutory chairman of the board of directors and Eric Olsen as CEO. The mandate of the new board of directors and executive committee will be effective from the date of the completion of the merger.

The board of directors thanked Fontana for his leadership and achievements for the company, and in particular for the successful implementation of the Holcim Leadership Journey.

Additionally, Holcim announced Andreas Leu and Bernard Terver will step down from the Holcim Executive Committee with completion of the merger.

Leu, currently responsible for the Americas, will leave the company effective August 1. Terver, currently responsible for Africa Middle East as well as South Asia, will assume the position as head of India for LafargeHolcim from the date of the closure of the merger. In this capacity he will continue his mandates in the boards of Ambuja Cements and ACC Ltd. in India.

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