A PYMNTS Company

France: Lafarge has two new options for CEO post merger

By  |  March 22, 2015

Lafarge the French cement maker, has identified two potential candidates to lead a combined company after the planned merger with Swiss competitor Holcim Bloomberg reported.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Lafarge Chief Financial Officer Jean-Jacques Gauthier and Executive Vice-President Eric Olsen are favored by the French company to act as chief executive officer of LafargeHolcim, said the report.

    The plan to create the world’s biggest cement company, announced last April, hit a snag when Holcim asked March 16 for improved financial terms and went back on an agreement to make Lafarge CEO Bruno Lafont the CEO of the combined company.

    The companies agreed on new terms on March 20, valuing Lafarge at 28.2 billion euros.

     

    Full Content: Reuters

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.