Jaime Muguiro to succeed Fernando A. González who has decided to retire after 35 years with the company
CEMEX have announced that chief executive officer (CEO) Fernando A. González has decided to retire after a successful career spanning more than 35 years in the company. The Cemex board of directors has appointed Jaime Muguiro as the company’s new CEO, effective 1 April 2025.
'I want to thank Fernando for his immense contributions to Cemex for the past 35 years,’ said Rogelio Zambrano, chairman of the board of directors. ‘In over a decade as CEO, Fernando has led Cemex to great success, and he will leave us with a company that is an industry leader in sustainability, innovation, and digitalization to better serve our customers. Cemex have also regained their investment-grade ratings and are poised for continued growth. I am confident that Jaime is the right person to lead Cemex, and that his experience, vision, and expertise will serve the company well as we work to provide even more value for all our stakeholders.’
‘My career at Cemex, especially my time as CEO, has been the most rewarding part of my professional life; serving our customers, employees, and stockholders has been a privilege and an honour.” said Mr González. ‘I am grateful to Rogelio and the board of directors for their trust and support over the years, and I am very proud of the great work the Cemex team has done to keep this company at the forefront of the building materials industry. Having worked alongside Jaime for over two decades, I know his dedication, leadership, and business acumen will be key to an even better future for Cemex.’
Jaime Muguiro joined Cemex in 1996 and has held several executive positions in the strategic planning, business development, ready-mixed concrete, aggregates, and human resources areas. He has headed several regional operations for Cemex, including the Mediterranean, South, Central America and the Caribbean, and currently serves as president of Cemex in the US. He also served as CEO of publicly listed Cemex Latam Holdings.
‘I thank Rogelio and the board of directors for their trust, and Fernando for his guidance and leadership, both of great inspiration to me,’ said Mr Muguiro. ‘I’m looking forward to this challenge and to collaborating with our customers, employees, and stakeholders to continue building a better future and ushering in a new era of sustainable construction.’
Following the announcement of the retirement of Mr González and the appointment of Mr Muguiro, Cemex announced the following changes to their senior-level organization:
Jesus Gonzalez, current president of Cemex South, Central America, and the Caribbean, has been appointed president of Cemex USA.
Sergio Menendez, current president of Cemex Europe, Middle East, and Africa, has been appointed president of Cemex Mexico.
Jose Antonio Cabrera, former president of Cemex Dominican Republic and Puerto Rico, has been appointed president of Cemex Europe, Middle East, and Africa.
Alejandro Ramirez, current president of Cemex Colombia and Peru, has been appointed president of Cemex South, Central America, and the Caribbean.
Ricardo Naya, current president of Cemex Mexico, has been appointed executive vice-president of sustainability and operations development.
These changes will also take effect on 1 April 2025.
