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Papadopoulos announces retirement from Titan America
Written by Global Cement staff
16 April 2014
US: Titan Group has announced that after 20 years at the helm of Titan America, Aris Papadopoulos will retire from the position of CEO, effective 1 August 2014. According to a release, he will become Executive Chairman of ST Equipment & Technologies (STET), reporting to the Group CEO and also serve as an advisor.
The company noted that, commencing with a 1994 joint venture with Roanoke Cement, Papadopoulos led Titan America through a growth trajectory that included the acquisition of Tarmac America and Separation Technologies, modernising the company's two cement plants, numerous operational expansions and multiple concrete acquisitions.
"During Aris' tenure, Titan America grew from a cement joint-venture in Roanoke, Virginia, to the pre-eminent East Coast construction materials producer," said Dimitri Papalexopoulos, CEO of Titan Group. "Aris, more than anyone else, has shaped Titan America over two decades."
Bill Zarkalis, Group CFO since 2010, will succeed Papadopoulos. Zarkalis joined the Group in 2008 as Director of Business Development. He previously held executive positions at Dow Chemical. As CEO-designate, he will work closely with Papadopoulos to ensure a smooth transition. Michael Colakides will become Group CFO, effective 16 May 2014. Colakides recently returned to the Group as Senior Strategy Advisor after more than a decade in several banking industry executive roles.
Hilal Cement appoints new board member
Written by Global Cement staff
16 April 2014
Kuwait: Hilal Cement Company has appointed Muhammad Muhtashem Khan as a board member, effective 10 April 2014. He replaces Yan Mahdi Baqi.
New leadership proposed for LafargeHolcim
Written by Global Cement staff
09 April 2014
Worldwide: Lafarge and Holcim have released plans regarding who will lead their proposed merger, LafargeHolcim. The chairman of the new board will be Wolfgang Reitzle, the future chairman of Holcim. Bruno Lafont, chairman and CEO of Lafarge will become CEO of the new group and member of the board.
Thomas Aebischer, Holcim's CFO will become CFO of the new group. Jean-Jacques Gauthier, Lafarge's CFO will become chief integration officer of the new group. The Executive Committee will be formed from both Lafarge and Holcim management.
In order to ensure efficient execution of the merger, an integration committee will prepare the integration plan to be implemented straight after the closing of the transaction. Bernard Fontana, Holcim's existing CEO will remain in charge of Holcim until completion of the transaction. He will co-chair the integration committee.
The merger is expected to be completed in the first half of 2015 subject to shareholder approval and regulatory approval in the many countries that the two multinational building materials producers operate in.
Gilberto Barrios removed as president of Cemento Andino after one week
Written by Global Cement staff
02 April 2014
Venezuela: Industries minister José David Cabello has overturned a resolution designating Gilberto Barrios Contreras as president of the Cemento Andino. Barrios Contreras was appointed to the post by the previous industries minister in a resolution dated 25 march 2014.
Sephaku Holdings alternate director Johannes Wilhelm Wessels dies
Written by Global Cement staff
26 March 2014
South Africa: The board of directors of Sephaku Holdings have announced that Johannes Wilhelm Wessels died on 23 March 2014. Wessels was an alternate director to Rudolph de Bruin since 2007 on the Sephaku Holdings board.
Wessels originally provided legal counsel on the emerging business structure in 2005 and he later joined Sephaku Holdings as Head of Corporate Affairs holding key responsibility for group legal counsel, transaction structuring advice and contractual negotiations. He led the process of the group's unbundling strategy and worked on the legal and tax aspects of the process. Wessels helped reposition the company from a multiple mineral exploration company to a construction and building materials focused company.
"Wes was pivotal in negotiating the relationship agreement with Dangote Industries PLC to establish Sephaku Holdings' partnership in South Africa's newest cement producer since 1934, Sephaku Cement. At the time of his untimely death Wes was also serving as a director of the Sephaku Cement board. We will always remember him for his astuteness, legal savvy, business acumen and spontaneous sense of humour," said Chief Executive Officer, Lelau Mohuba.