Bernard Fontana steps down as CEO of Holcim

Holcim announce executive level changes following successful public exchange offer for Lafarge shares

HOLCIM have today 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 chief executive officer of Holcim Ltd on completion of the merger. He will also resign from all mandates in all Holcim Group entities.

Mr Fontana (pictured) said: ‘It has been a pleasure and honour to work with remarkable and passionate people throughout the past years at Holcim. I wish the new company LafargeHolcim and the entire team all the very best for the future.’

In addition, Holcim have announced that Andreas Leu and Bernard Terver will step down from the Holcim Executive Committee on completion of the merger.

Mr Leu, who is currently responsible for the Americas, will leave the Group with effect from 1 August 2015.

Mr Terver, who is currently responsible for Africa Middle East as well as South Asia, will assume the position of head of India for LafargeHolcim from the date of the closure of the merger. In this capacity, he will continue his mandates on the boards of Ambuja Cements and ACC Ltd in India.

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 chief executive officer.

The mandate of the new Lafarge Holcim board of directors and Executive Committee will be effective from the date of the completion of the merger.