Holcim Moves Forward with North American Spin-Off and Announces Designated Board Members

Holcim Moves Forward with North American Spin-Off and Announces Designated Board Members

(IN BRIEF) Holcim has announced its next steps in preparing for the spin-off of its North American business, including the designation of the new Board of Directors. The 10-member Board will become official following shareholder and regulatory approvals, expected by mid-2025. Jan Jenisch, currently Holcim’s Chairman, will serve as the designated Chairman and CEO of the new North American entity. The appointed independent directors bring extensive experience from key sectors like construction, manufacturing, and financial services, ensuring strong governance and leadership. Jenisch expressed confidence in the new Board’s ability to drive market leadership and deliver value to stakeholders.

(PRESS RELEASE) ZUG, 10-Jan-2025 — /EuropaWire/ — Holcim is moving forward with plans to list its North American business and has announced its proposed Board of Directors for the new entity. The 10-member Board will become operational following the anticipated spin-off, expected by the end of the first half of 2025, pending shareholder and regulatory approvals.

Jan Jenisch, who is currently the Chairman of Holcim, has been named the designated Chairman and CEO of the future North American company. Jenisch, who served as CEO of Holcim from 2017 to 2024, will continue in his role as Chairman of Holcim until the company’s Annual General Meeting on May 14, 2025. He will oversee the planned listing of the North American business.

The Board of Holcim has also appointed nine highly qualified independent directors to join the North American company’s Board, each bringing a wealth of expertise in sectors such as construction, manufacturing, industrial operations, and financial services. These individuals have held leadership positions in major global companies, with experience as CEOs, CFOs, presidents, chief legal officers, and chief people officers. They also bring significant knowledge of the North American market.

Jan Jenisch expressed his confidence in the Board’s composition, saying, “This is a significant step as we prepare Holcim’s North American business for independence. The designated Board members bring a wealth of experience, diverse perspectives, and a mix of leadership skills that will help us ensure strong governance while delivering market leadership and creating value for all our stakeholders.”

Biographical Information
The following individuals have been designated to serve on the Board of Directors for the new North American company:

• Theresa Drew: With a 40-year career at Deloitte & Touche LLP, Drew was Managing Partner of the Carolinas Practice. She currently serves on the boards of Sonoco Products Company and The Cato Corporation.
• Nicholas Gangestad: Former CFO of Rockwell Automation and 3M Company, Gangestad currently serves on the boards of Nucor Corporation and Genpact Limited.
• Dwight Gibson: Operating Partner at Pritzker Private Capital, Gibson has previously served as President and CEO of BlueLinx Holdings Inc. and currently sits on the board of Interface, Inc.
• Jan Jenisch: Holcim’s Chairman since 2023, Jenisch was the company’s CEO from 2017 to 2024 and previously led Sika AG as CEO from 2012 to 2017.
• Holli Ladhani: Former President and CEO of Select Energy Services and Chairman and CEO of Rockwater Energy Solutions, Ladhani now serves on the board of Quanta Services, Inc.
• Michael E. McKelvy: CEO of McDermott International, McKelvy has previously held senior roles at Gilbane Building Company and CH2M HILL.
• Jürg Oleas: A Holcim Board member since 2016, Oleas has also been CEO of GEA Group AG and has held leadership roles at ABB and Alstom Group.
• Robert S. Rivkin: Senior Vice President and Chief Legal Officer for United Airlines, Rivkin has held significant legal and governmental positions, including Deputy Mayor of Chicago and General Counsel at Delta Air Lines.
• Katja Roth Pellanda: Group General Counsel for Zurich Insurance, Pellanda also serves on the boards of Farmers Group, Inc. and Zurich Italy Bank, with previous roles at Novartis AG.

Cristina A. Wilbur: Chief People Officer at F. Hoffmann-La Roche, Wilbur has held leadership positions in human resources at Roche, EG&G, Inc., and PerkinElmer Optoelectronics.

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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Contact Media Relations:

Phone: ​+41 (0) 58 858 87 10
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SOURCE: HOLCIM