Holcim Names Kim Fausing New Board Chairman

Holcim is advancing towards the spin-off of its North American business, with Jan Jenisch appointed as the designated Chairman and CEO of the new entity, which is expected to be listed by mid-2025, pending shareholder approval. Jenisch will continue to serve as Holcim's Chairman until the Annual General Meeting on May 14, 2025, when Kim Fausing is proposed to succeed him in that role. The future Board of the North American company will consist of ten members, including nine independent directors with extensive experience across various sectors and knowledge of the North American market. This management transition aligns with Holcim's strategy to enhance its focus and governance in the region as it prepares for the stock market listing. Jenisch emphasized the importance of strong governance and leadership in creating value for stakeholders. The move reflects a broader plan to streamline operations and bolster market leadership in North America.