Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    StockNews24StockNews24
    Subscribe
    • Shares
    • News
      • Featured Company
      • News Overview
        • Company news
        • Expert Columns
        • Germany
        • USA
        • Price movements
        • Default values
        • Small caps
        • Business
      • News Search
        • Stock News
        • CFD News
        • Foreign exchange news
        • ETF News
        • Money, Career & Lifestyle News
      • Index News
        • DAX News
        • MDAX News
        • TecDAX News
        • Dow Jones News
        • Eurostoxx News
        • NASDAQ News
        • ATX News
        • S&P 500 News
      • Other Topics
        • Private Finance News
        • Commodity News
        • Certificate News
        • Interest rate news
        • SMI News
        • Nikkei 225 News1
    • Carbon Markets
    • Raw materials
    • Funds
    • Bonds
    • Currency
    • Crypto
    • English
      • العربية
      • 简体中文
      • Nederlands
      • English
      • Français
      • Deutsch
      • Italiano
      • Português
      • Русский
      • Español
    StockNews24StockNews24
    Home » Holcim names Chairman Jenisch as CEO and chairman of North American spin-off By Reuters
    News

    Holcim names Chairman Jenisch as CEO and chairman of North American spin-off By Reuters

    userBy userJanuary 10, 2025No Comments2 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    By John Revill

    ZURICH (Reuters) – Holcim (SIX:) has named its chairman and former chief executive Jan Jenisch as chairman and CEO of its North American company following its multi-billion dollar spin-off, the Swiss building materials maker said on Friday.

    Jenisch, who was CEO at Holcim from 2017 to 2024, has been in charge of steering the 100% separation of the company’s North American business into a separate U.S.-listed entity with a potential market valuation of $30 billion.

    Holcim also named nine other members for the board of directors for the North American company, which is expected to complete its spin-off by the end of the first half of 2025.

    The cement and roofing maker announced the separation of the North American business last January, a move designed to capitalise on the region’s infrastructure and construction boom, as well as capture a higher valuation.

    The separation is one of the biggest changes in the global construction market this year and is being closed watched by rivals including Germany’s Heidelberg (ETR:) Materials.

    Holcim also on Friday nominated board member Kim Fausing to replace Jenisch as chairman of the remaining business which is not being divested.

    Fausing, the CEO of Danish engineering group Danfoss, will take over from Jenisch following the company’s AGM in May, when Jenisch will step down.

    Jenisch, who was CEO at Swiss construction chemcials maker Sika (SIX:) before Holcim, said the board appointments were a “milestone” on the North American business’s path to becoming a separate company.

    The business, which had sales of roughly $11 billion in 2023, has been a star performer in recent years, increasing its sales by an average of 20% per year.

    Holcim, which is considering a new name for the North American operation, now wants to increase annual sales to $20 billion by 2030, mainly through organic growth and small acquisitions.





    Source link

    Share this:

    • Click to share on Facebook (Opens in new window) Facebook
    • Click to share on X (Opens in new window) X

    Like this:

    Like Loading...

    Related

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleStock market today: Live updates
    Next Article Moderna stock forfeits gains as first US bird flu death puts vaccine development in focus
    user
    • Website

    Related Posts

    Govt, private banks and SFBs compared

    June 7, 2025

    Has Warren Buffett made his best move ever selling his Apple stock?

    June 7, 2025

    This FTSE 100 stock goes ex-dividend on 26 June — time to bag a 6.9% yield?

    June 7, 2025
    Add A Comment

    Leave a ReplyCancel reply

    © 2025 StockNews24. Designed by Sujon.

    Type above and press Enter to search. Press Esc to cancel.

    %d