CEO named for cement titan LafargeHolcim
The 51-year-old French and American national is currently executive vice president for operations at Lafarge, said a Holcim statement.
Last year the two companies announced plans to create a cement titan employing more than 130,000 people, which would generate annual sales of 32 billion euros ($34bn) and underlying profits of 6.5 billion euros - a major event in the global construction industry.
The merger still must be approved by two-thirds of shareholders at each of the two companies at special general assemblies.
In March the two companies renegotiated the exchange ratio for the merger - nine Holcim shares for 10 Lafarge shares - after the sharp rise in the Swiss franc drove up Holcim's value.
Source: AFP
Source: I-Net Bridge
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