On April 1 Jaime Muguiro began his tenure as chief executive officer of Cemex after being appointed to the position on Feb. 10 as part of a planned leadership transition following the retirement of former CEO Fernando A. Gonzalez.
“I am honored to take on this role and deeply grateful to our Chairman Rogelio Zambrano and the board of directors for their trust, and to Fernando González for his outstanding leadership,” said Muguiro. “As Cemex’s new CEO, I am committed to providing the highest possible returns to our shareholders, which we will achieve by being the best partner to our customers and having a laser-like focus on operational efficiency.
“This is a pivotal moment in our company’s history. Having achieved our deleveraging objectives and substantially consolidated our operations, we are now well-positioned to transition from financial stabilization to growth, looking primarily at opportunities in the United States, while enhancing shareholder returns and driving sustainable value creation for all stakeholders including our neighboring communities,” he concluded.
Muguiro joined Cemex in 1996 and has held several executive positions in Strategic Planning, Business Development, Ready-Mix Concrete, Aggregates, and Human Resources areas. He has headed several regional operations for Cemex, including the Mediterranean, South, Central America, and the Caribbean, most recently as president of Cemex in the United States.
