Holcim Announces Various Appointments - Quick Facts

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8/15/2012 1:17 AM ET

Holcim Ltd (HCMLY.PK) said it streamlined its Group organization as part of the "Holcim Leadership Journey". The company announced various appointments to the Executive Committee, Area Management and Corporate Functions.

The company said it will implement a leaner and more efficient structure as of September 1, 2012. The company said that the announced measures will contribute to increasing operating profit by at least CHF 1.5 billion by the end of 2014 - based on the Group's 2011 results - and to achieving a return on invested capital of at least 8 percent after tax.

Roland Köhle will assume responsibility for the newly structured Group region Europe. Köhle is member of the Holcim Executive Committee and currently Chief Executive officer of Holcim Group Support Ltd.

Bernard Terver, currently Area Manager and member of senior management of Holcim Ltd, as well as CEO of Holcim US and Aggregate Industries US, will assume overall responsibility for the new Group region North America and UK. Terver has also been appointed as member of the Holcim Executive Committee.

Javier de Benito, Area Manager and member of senior management of Holcim Ltd, will directly lead Africa Middle East now including the Group's positions in West Africa and the Arabian Gulf that have until now been run by Holcim Trading. He will also be responsible for the stakes in South and East Africa.

Ian Thackwray, member of the Holcim Executive Committee, will remain responsible for East Asia, including China, the Philippines and Oceania, and in addition will take on responsibility for Holcim Trading S.A., Madrid.

The company noted that area of responsibility of Executive Committee members Paul Hugentobler, in charge of South Asia & ASEAN excluding the Philippines, and Andreas Leu, in charge of Latin America, are unchanged.

Urs Böhlen, member of the Holcim Executive Committee and currently responsible for Eastern and Southeastern Europe, CIS/Caspian region, will step down from this leadership function and act as an advisor to the CEO of Holcim Ltd until his retirement in 2013.

The two members of the Holcim Executive Committee Benoît-H. Koch and Patrick Dolberg, responsible for North America, UK, Norway, Mediterranean (including Iberian Peninsula) as well as International Trade, and Western and Central Europe, respectively, will leave the Group.

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