A PYMNTS Company

Switzerland: Holcim, Lafarge discuss new role for latter’s chief to save deal

 |  March 18, 2015

Cement makers Holcim and Lafarge, seeking to save their merger deal, are discussing a new leadership for the combined group which would give Lafarge’s boss Bruno Lafont a lesser role, Reuters said on Wednesday.

    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.

    When the deal was announced in April last year Lafont was presented as the future chief executive of what would be the world’s biggest cement maker. But the Swiss side has since grown dissatisfied with his leadership and financial track record, the people said.

    Lafont could be named co-chairman of the future company, two of the sources said, alongside Wolfgang Reitzle, the current chairman of Holcim.

     

    Full Content: Gulf Times

     

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