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Holcim appoint new chief financial officer

Steffen Kindler

Steffen Kindler to succeed current chief financial officer Géraldine Picaud on 1 May 2023

HOLCIM have appointed Steffen Kindler as chief financial officer (CFO) and member of the Group Executive Committee, effective 1 May 2023. He will take over from current CFO Géraldine Picaud, who has decided to pursue other opportunities outside the company. To ensure a smooth transition, Ms Picaud will oversee the completion of Holcim’s 2022 annual results and conduct a thorough handover.

Mr Kindler (pictured) joins Holcim from Swiss-based food and drink conglomerate Nestlé, where he held positions of increasing responsibility over the past 25 years, most recently serving as CFO for Nestlé Germany. Building on his successful track record in a broad range of key business roles at Nestlé, including positions of global responsibility for key corporate functions such as investor relations and mergers and acquisitions, Holcim say Mr Kindler is well-positioned to lead the company to its next level of financial performance.

Géraldine Picaud joined Holcim as CFO and member of the Executive Committee in 2018. She played an instrumental role in building Holcim’s strong financial position while supporting the company’s ongoing transformation. Under her leadership, the finance function capitalized on Holcim’s strong growth and record results to deliver a strong balance sheet and shareholder returns, while leading the integration of sustainability into Group finance.

Holcim chief executive officer Jan Jenisch said: ‘I personally thank Géraldine for her commitment and contributions to Holcim over the past five years. The solid foundations you see today – especially Holcim’s strong balance sheet, solid credit ratings, and integration of sustainable finance – are all testimony to her leadership. I wish her much continued success in her future endeavours.’

He continued: ‘I am excited to welcome Steffen Kindler to the team. With his vast financial expertise and geographic experience, I am confident he will fit in well with Holcim’s performance-driven culture. Steffen is an ideal partner to contribute to our continued success as we become the global leader in innovative and sustainable building solutions, with a focus on superior value creation for all our stakeholders.’

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