Cemex has announced two successors to the late Lorenzo Zambrano's title as chairman and CEO of the company.
The board has unanimously appointed director Rogelio Zambrano as chairman and former EVP finance and administration Fernando Gonzalez as CEO, effective immediately.
The move came swiftly after the passing of longtime chairman and CEO Lorenzo Zambrano, who died unexpectedly on Monday during a business trip in Madrid.
“We will stay focused on creating value for all our stakeholders. Our new CEO and the whole of CEMEX’s Executive Committee have the vision, skills, and experience to do exactly that, and I am very optimistic about Cemex’s future,” said Mr. Rogelio Zambrano. “Lorenzo Zambrano’s legacy will endure and his vision and passion for excellence will continue to inspire us in the years to come.”
Rogelio Zambrano has been a member of the company's board of directors since 1987, as well as president of the Finance Committee since 2009. He is also a member of the Advisory Board of Grupo Financiero Banamex Zona Norte, and a member of the Boards of Directors of Carza and Tecnologico de Monterrey, among others.
Gonzalez has been with the company since 1989, holding various senior management roles since in human capital, strategic planning and business development. He has led Cemex's business in Latin America, Europe, Africa, the Middle East and Asia.
“It is a great honor and responsibility to take the lead of Cemex," said Gonzalez. "I firmly believe we have the best people in the industry, who can insure our continuing success. We have a solid business strategy, and most importantly, we provide the best building solutions and value-added products. Furthermore, we are encouraged by the positive outlook and the improving business environment in the markets where we operate.”
Ian Armstrong, VP promotion and analysis at Evercore Casa de Bolsa, has also been appointed as an additional member of the company's board of directors, effective immediately.