HeidelbergCement’s Supervisory Board sets the course for a generation change on the Managing Board

HEIDELBERG, 19-10-2015 — /EuropaWire/ — In its meeting on 9 October 2015, the Supervisory Board set the course for a generation change on the Managing Board of HeidelbergCement. In the context of the long-term oriented succession planning and the necessary reorganisation of the Group areas due to the intended acquisition of Italcementi, the Managing Board agreements of Daniel Gauthier and Andreas Kern, which will expire on 30 June 2016, will not be extended. At the same time, three new members were appointed to the Managing Board as from 1 February 2016 and a new Managing Board function was created for the Group area Africa-Eastern Mediterranean Basin.

The Chairman of the Supervisory Board, Fritz-Jürgen Heckmann, and the Chairman of the Managing Board, Dr. Bernd Scheifele, thanked the outgoing members of the Board: “During three terms of office, i.e. 15 years, Daniel Gauthier and Andreas Kern have both contributed significantly to the success of HeidelbergCement with their dedicated work in the Managing Board. They have played a big part in the continuous growth of HeidelbergCement and in its becoming a true global player during that time.” Both gentlemen remain connected in friendship with the company.

As from 1 February 2016, new members of the Managing Board will be: Hakan Gurdal from Turkey (born in 1968), currently President of the SBU cement of Sabanci Holding, Jon Morrish from the UK (born in 1970), currently Regional President South in North America, and the Australian Kevin Gluskie (born in 1967), currently CEO of Australia as well as Malaysia and Hong Kong. All three have many years of experience in the business lines and international markets of HeidelbergCement.

New Group areas and responsibilities

Due to the icreased number of Group countries after the closing of the Italcementi acquisition, HeidelbergCement will be divided into five Group areas at Managing Board level:

• Western and Southern Europe (Dr. Dominik von Achten, Heidelberg)
• Northern and Eastern Europe-Central Asia (Dr. Albert Scheuer, Heidelberg)
• Africa-Eastern Mediterranean Basin (Hakan Gurdal, Heidelberg)
• North America (Jon Morrish, Dallas)
• Asia-Pacific (Kevin Gluskie, Singapore)

The areas of responsibility of the Chairman of the Managing Board, Dr. Bernd Scheifele, and Chief Financial Officer, Dr. Lorenz Näger, remain unchanged.

“The global business activities of HeidelbergCement are even better represented by the newly appointed members to the Managing Board. The composition of the Managing Board with complementary members, their comprehensive market knowledge and long-term operative experience as well as technological expertise are an important factor of success for HeidelbergCement,” added Dr. Bernd Scheifele. “The new appointments to the Managing Board stand for a generation change and are also a sign of continuitiy in the top managment of the company on its way to becoming one of the largest building materials groups in the world.“

About HeidelbergCement
HeidelbergCement is the global market leader in aggregates and a prominent player in the fields of cement, concrete, and other downstream activities, making it one of the world’s leading integrated manufacturers of building materials. The company employs some 45,000 people at 2,300 locations in more than 40 countries.

Andreas Schaller
Group Spokesman, Director Group Communication & Investor Relations
Tel: +49 6221 481 13249
Fax: +49 6221 481 13217
Andreas.Schaller@heidelbergcement.com
HeidelbergCement AG
Berliner Straße 6
69120 Heidelberg
Germany

SOURCE: HEIDELBERGCEMENT AG