Holcim Proposes Kim Fausing as New Chairman Following Jan Jenisch’s Upcoming Departure

Holcim Proposes Kim Fausing as New Chairman Following Jan Jenisch’s Upcoming Departure

(IN BRIEF) Holcim’s Board of Directors has proposed Kim Fausing as the new Chairman of the Board, following Jan Jenisch’s decision to step down after his appointment as Chairman and CEO of a new North American entity. If approved at the Annual General Meeting in 2025, Fausing will take over the role. Fausing has been a Holcim Board member since 2020 and serves on the Audit Committee. He has been the President and CEO of the Danfoss Group since 2017 and has held various international leadership roles at Hilti Group. Jenisch expressed confidence in Fausing’s leadership, citing his success in the global technology sector and extensive experience.

(PRESS RELEASE) ZUG, 10-Jan-2025 — /EuropaWire/ — The Board of Directors at Holcim has announced the nomination of Kim Fausing to serve as Chairman, a position he will assume following Jan Jenisch’s departure from the role. This change is contingent on approval at the upcoming Annual General Meeting in 2025, after which Fausing will succeed Jenisch, who will step down following his appointment as Chairman and CEO of the planned North American company.

Kim Fausing has been a member of Holcim’s Board of Directors since 2020 and has contributed his expertise as a member of the Audit Committee. Since 2017, he has held the position of President and CEO of the Danfoss Group in Denmark. Prior to his current role, Fausing was the Chief Operating Officer and a member of the Executive Committee at Danfoss from 2008. His earlier career includes a range of international roles within the Hilti Group in Europe and Asia, starting in 1990.

Jan Jenisch, Chairman of Holcim, commented, “We are excited to propose Kim Fausing as Chairman of the Board to our shareholders. Kim is an accomplished leader with a proven track record in the global technology sector, including energy-efficient solutions, electrification, and machine productivity. His extensive leadership experience as CEO and his tenure on the Holcim Board will make him an excellent choice to guide Holcim forward.”

Kim Fausing, born in Denmark in 1964, holds a degree in Mechanical Engineering from Aarhus Teknikum and an MBA from Henley Business School in the UK.

About Holcim

Holcim is a global leader in innovative and sustainable building solutions with net sales of CHF 27.0 billion in 2023. Our 63,000 employees are driven by our purpose to build progress for people and the planet across our regions to improve living standards for all. We partner with our customers to offer the broadest range of advanced solutions, from sustainable building materials ECOPact and ECOPlanet, to our circular technology ECOCycle®, all the way to Elevate’s advanced roofing and insulation systems.

Learn more about Holcim on www.holcim.com, and by following us on LinkedIn.

Important disclaimer – forward-looking statements:

This document contains forward-looking statements. Such forward-looking statements do not constitute forecasts regarding results or any other performance indicator, but rather trends or targets, as the case may be, including with respect to plans, initiatives, events, products, solutions and services, their development and potential. Although Holcim believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions as at the time of publishing this document, investors are cautioned that these statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are difficult to predict and generally beyond the control of Holcim, including but not limited to the risks described in the Holcim’s annual report available on its website (www.holcim.com) and uncertainties related to the market conditions and the implementation of our plans. Accordingly, we caution you against relying on forward-looking statements. Holcim does not undertake to provide updates of these forward-looking statements.

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SOURCE: HOLCIM