Cimpor mulls Mario Lino nomination for chairman

Cimpor mulls Mario Lino nomination for chairman
Published: 23 March 2010

Former Minister of Public Works, Transport and Communications, Mario Lino, may be one of the nominees to head Portuguese cement producer Cimpor, Portuguese daily Publico said today.

The nomination of Lino to replace Ricardo Bayao Horta as chairman of Cimpor is put forward by the Government via state-owned bank Caixa Geral de Depositos (CGD). CGD which holds 10% in Cimpor has the right to name the chairman and a non-executive board member.

The shareholders in Cimpor are analysing another option -- a candidate from the sector, Publico said. A third name could be discussed as well, Publico added.