Holcim Proposes Jan Jenisch as New Chairman Following Beat Hess Retirement

(IN BRIEF) Holcim, a global building solutions company, has announced that its Chairman, Beat Hess, will not seek re-election to the Board of Directors at the AGM in May 2023. The Board of Directors plans to propose Jan Jenisch as the new Chairman at the AGM, subject to the vote. Jenisch will serve as both Chairman and CEO for a limited time to ensure a smooth transition and the continued execution of Holcim’s Strategy 2025. The Board is committed to sustaining Holcim’s momentum towards becoming the global leader in sustainable building solutions and implementing strong corporate governance measures, including the appointment of a Lead Independent Director and ensuring that all Board members, except the Chairman, are Independent Directors.

(PRESS RELEASE) ZUG, 24-Feb-2023 — /EuropaWire/ — Holcim (SWX: HOLN), one of the world’s leading suppliers of cement and aggregates, concrete and related services, has announced that Beat Hess, the company’s Chairman since 2016, will not seek re-election to the Board of Directors at the AGM in May 2023. The Board of Directors will propose Jan Jenisch as the new Chairman at the AGM, subject to the vote. Jenisch will serve in a double mandate as Chairman and CEO of Holcim for a limited duration, to ensure a smooth transition and continued execution of Holcim’s Strategy 2025. The Board intends to appoint a new CEO within the next 12 months.

Beat Hess, who has been a member of the Holcim Board of Directors since 2010, said “It has been a true honor for me to serve on Holcim’s Board of Directors for the past 13 years. Looking at the strength of the company today, I am proud of Holcim’s successful transformation, record results and most of all the passion of its 60,000 people around the world, who make this possible. With the company well on its way to becoming the global leader in innovative and sustainable building solutions, I have decided to not seek re-election to the Board this year. The Board firmly believes that Jan’s exceptional leadership and extensive experience make him the right candidate for the Chairman role to continue the company’s fast-paced transformation.”

Holcim has set its sights on becoming the global leader in innovative and sustainable building solutions, with record results in 2022 and the expansion of Solutions & Products, which now represents 19% of its Net Sales, and growth in North America, which represents 35% of its Net Sales. The company has also made significant progress in sustainability, with a reduction in CO2 emissions and a commitment to becoming a net-zero company.

To ensure strong corporate governance, the Board is implementing additional measures, including the creation of a Lead Independent Director role for Hanne Sørensen, Holcim’s Vice Chairperson. Sørensen will have a defined set of duties and responsibilities, including the authority to call meetings without the Chairman present, chair the Independent Director’s sessions of the Board of Directors, approve meeting agendas and information, and consult with major shareholders. Sørensen will continue to chair the Nomination, Compensation & Governance Committee, and the Chairman will not be a member of any of the committees. All Board members, with the exception of the Chairman, will be Independent Directors.

Hanne Sørensen, Vice Chairperson and Lead Independent Director, said: “I am deeply honored to become Lead Independent Director at Holcim, a company, whose mission to decarbonize building, is close to my heart. In my new role, my goals are to ensure continued strong checks and balances and a successful CEO succession, while supporting Holcim’s fast-paced transformation. I look forward to working with my colleagues on the Board, management and shareholders to continue our success.”

About Holcim

Holcim is a global leader in innovative and sustainable building solutions. Driven by its purpose to build progress for people and the planet, its 60,000 employees are on a mission to decarbonize building, while improving living standards for all. The company empowers its customers across all regions to build better with less, with its broad range of low-carbon and circular solutions, from ECOPact to ECOPlanet. With its innovative systems, from Elevate’s roofing to PRB’s insulation, Holcim makes buildings more sustainable in use, driving energy efficiency and green retrofitting. With sustainability at the core of its strategy, Holcim is becoming a net-zero company with 1.5°C targets validated by SBTi.

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.

Contact Media Relations
Phone: +41 (0) 58 858 87 10
Email: media@holcim.com

Contact Investor Relations
Phone: +41 (0) 58 858 87 87
Email: investor.relations@holcim.com

SOURCE: HOLCIM

MORE ON HOLCIM, ETC.: