People

Brazil: Camargo Corrêa has named Heinz-Peter Elstrodt as its chairman replacing Vitor Hallack. The decision to hire Elstrodt is part of the conglomerate’s intention to direct the company towards asset portfolio management away from the construction industry, according to the Valor Econômico newspaper. Previously, German national Elstrodt has spent 32 years at the consultancy McKinsey, where he reached the role of Latin America president. The changes in management follow the resignation of Hallack in August 2016 and governance problems following links to the Petrobras corruption scandal.

Belgium: Taner Aykac has been appointed the managing director of Compagnie des Ciments Belges (CCB). The board of directors has also appointed Eddy Fostier as general manager of the company.

Aykac, a Belgian national aged 53 years, holds a Bachelor of Science in Engineering and a MBA. He started his career in the agrochemical sector for Pioneer Overseas Corporation/DuPont in 1988 and subsequently worked for chemical and pharmaceutical multinationals such as Ciba-Geigy, Novartis and Zeneca, where he held various senior roles until 2000 before working for Syngenta Group. In 2011, Aykac was appointed CEO of Cimentas, a Cementir Group subsidiary in the Turkish cement and ready-mixed concrete business, contributing to the reorganisation of the company. He worked in Turkey until the end of 2015.

Italy: HeidelbergCement, the sole shareholder of Italcementi, has appointed a new board of directors its subsidiary at a shareholder meeting on 19 October 2016. The new members are Luca Sabelli as chairman, Dominik von Achten as executive vice president, Lorenz Näger as executive vice president and Roberto Callieri as chief executive officer.

On 12 October 2016, HeidelbergCement purchased the remaining Italcementi shares that had not been tendered in the mandatory tender offer. From this date HeidelbergCement became the sole shareholder of Italcementi and owns 100% of the share capital. Italcementi shares were delisted from the Italian Stock Exchange on the same day.

US: Chairman and CEO Doug Oberhelman will retire from Caterpillar on 31 March 2017. The company’s board of directors has elected Jim Umpleby, currently a Caterpillar Group President with responsibility for Energy & Transportation, to succeed Oberhelman as CEO.

Umpleby, a 35-year veteran of the company, will join the Caterpillar Board of Directors and become CEO effective 1 January 2017. He joined Solar Turbines in San Diego, California in 1980. Solar, a wholly owned subsidiary of Caterpillar, is a manufacturer of industrial gas turbine systems. Early in his career, he held numerous positions of increasing responsibility in engineering, manufacturing, sales, marketing and customer services. Umpleby lived in Asia from 1984 to 1990 with assignments in Singapore and Kuala Lumpur, Malaysia. The Caterpillar Board of Directors elected Umpleby a Caterpillar Vice President and President of Solar Turbines in 2010. He was named Group President and a member of Caterpillar’s Executive Office, effective from January 2013.

Germany: The Supervisory Board of KHD Humboldt Wedag International has appointed Gerold Keune as chief executive officer. He replaces Johan Cnossen who resigned with immediate effect for personal reasons in March 2016.