New chief executive officer takes over following retirement of former incumbent Fernando A. Gonzalez
JAIME Muguiro has today commenced his tenure as chief executive officer of Cemex after being appointed to the position by the company’s board of directors on 10 February. This appointment is part of a planned leadership transition following former CEO Fernando A. Gonzalez’s decision to retire after a successful career at Cemex.
‘I am honoured 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 Mr 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 US, while enhancing shareholder returns and driving sustainable value creation for all stakeholders including our neighbouring communities.’
Jaime Muguiro joined Cemex in 1996 and has held several executive positions in 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 most recently as president of Cemex in the US.
