- Miljan Gutovic, present Chief of Europe at Holcim, is slated to take over as CEO starting May 1, in what is being touted as Holcim’s major restructuring move post its 2015 takeover of French competitor Lafarge.
- Holcim, a leading manufacturer of cement, roofing systems, concrete and aggregates, has also declared its intent to finalize the spin off by the first half of 2025.
Miljan Gutovic, presently serving as the European head for Holcim, has been declared to step into the shoes of CEO Jan Jenisch, effective from the 1st of May, as disclosed by Holcim.
This denotes the most extensive overhaul witnessed in Holcim since its acquisition of the French rival Lafarge in 2015. This Swiss multinational company is one of the leading names in the market, manufacturing cement, aggregates, concrete, and roofing systems.
Planned Spin Off
In addition to the executive reshuffle, the company has also unveiled its plans to accomplish a spin-off within the first half of 2025.
This significant shift in Holcim’s top-level management and its planned spin-off could have a notable impact on Forex and trading assets, specifically those correlated with the cement and construction sectors.