Kim Fausing proposed as new chairman of Holcim
Successor to Jan Jenisch proposed; Future board members of planned North American company designated
HOLCIM have today (10 January) announced the proposed appointment of Kim Fausing as chairman of the board of directors of Holcim. Subject to vote at the company’s Annual General Meeting on 14 May 2025, Mr Fausing will succeed Jan Jenisch, who will not stand for re-election following his appointment as the designated chairman and chief executive officer of Holcim’s planned North American company.
Kim Fausing has been a member of the board of directors of Holcim since 2020 and serves on the audit committee. He has been president and chief executive officer of Denmark’s Danfoss Group since July 2017, prior to which he was chief operating officer and member of the executive committee since January 2008. Before this, from 1990 until joining Danfoss, he held various international positions within the Hilti Group in Europe and Asia.
Jan Jenisch, current chairman of Holcim, said: ‘We are delighted to propose Kim Fausing as chairman of the board of directors to our shareholders. Kim is a highly successful chief executive officer of a global technology leader in energy-efficient building solutions, electrification, and machine productivity. As an acting chief executive officer for more than seven years, along with five years as a Holcim board member, we are confident Kim will be a great chairman for Holcim.’
Meanwhile, Holcim have taken the next steps towards the planned listing of their North American business with the designation of its future board members. The board will comprise 10 members and will become effective following the execution of the planned spin-off, expected by the end of the first half 2025, subject to shareholder and customary approvals.
Jan Jenisch has been appointed as the designated chairman and chief executive officer of the planned North American company. He is leading the planned listing and will continue to serve as chairman of Holcim until the company’s AGM in May.
The Holcim board has appointed nine designated independent directors to serve on the North American company’s board of directors, including Theresa Drew, Nicholas Gangestad, Dwight Gibson, Holli Ladhani, Michael E. McKelvy, Jürg Oleas, Robert S. Rivkin, Katja Roth Pellanda, and Cristina A. Wilbur.
Holcim say these future board members are highly experienced executives with deep expertise across key sectors including construction, manufacturing, industrial operations, and financial services. They have led companies as chief executive officers, presidents, partners, chief financial officers, chief legal officers, and chief people officers, and all bring significant expertise in the North American market.
Jan Jenisch, chairman of Holcim, commented: ‘Today is an important milestone as we prepare Holcim’s North American business to become an independent public company. The designated members of the board of directors collectively bring impressive track records and a best-in-class mix of domain expertise, diverse perspectives, and leadership experience.
‘Together, we will deliver strong governance and support the company’s priorities of market leadership and superior value creation for shareholders, customers, employees, and all stakeholders.’
