Holcim: Fontana steps down, changes in Executive Committee

Holcim confirmed today that in connection with the successful public exchange offer and the expected closing of the merger with Lafarge, Bernard Fontana will step down from his position as CEO of Holcim Ltd with the completion of the merger. He will also resign from all mandates in all Holcim Group entities.

Mr Fontana said: "It has been a pleasure and honour to work with remarkable and passionate people throughout the past years at Holcim. I wish the new company LafargeHolcim and the entire team all the very best for the future."

Holcim and Lafarge had earlier announced the leadership of LafargeHolcim with Wolfgang Reitzle as statutory Chairman of the Board of Directors and Eric Olsen as CEO. The mandate of the new Board of Directors and Executive Committee will be effective from the date of the completion of the merger.

Leu and Terver to step down from Executive Committee
In addition, the Swiss major confirmed that Andreas Leu and Bernard Terver will step down from the Holcim Executive Committee with completion of the merger.

Mr Leu, currently responsible for the Americas, will leave the Group with effect from 1 August 2015.  Mr Terver, currently responsible for Africa Middle East as well as South Asia, will assume the position as Head of India for LafargeHolcim from the date of the closure of the merger. In this capacity he will continue his mandates in the Boards of Ambuja Cements and ACC Limited in India.