Thomas Schmidheiny, who had played a key role in the merger in 2015 of the cement switzerland’s Holcim with French company Lafarge, has decided not to stand at the next general assembly, to be held on may 8, said the group in a press release. Bertrand Collomb has also decided to renounce his function of director, to comply with the age limit standard for 75 years, said LafargeHolcim.
Thomas Schmidheiny, who was part of the directors of the group, had led the swiss group Holcim from 1978 to 2001, and has also held the position of chairman of the board of directors from 1984 to 2003. “In recognition of his many years spent in the service of the Group, the board of directors has decided to appoint Thomas Schmidheiny, honorary Chairman of LafargeHolcim,” said the group.
A council reduced to 10 members
Bertrand Collomb, who had joined Lafarge in 1975, had led the French group from 1989 to 2003. He had held the position of President until 2007, and then as an administrator until 2012.
At the conclusion of the next annual general meeting, the board of directors will be reduced to 10 members, compared to 12 currently.
(source: AFP)
