Lafont wants Lafarge-Holcim chief to have industry experience
Bruno Lafont, the chief executive of cement group Lafarge, has told French newspaper Le Monde that he wants the boss of the merged Lafarge-Holcim company to be someone with industry experience who also has the ability to create value for its shareholders.
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Lafont, who was originally named in the role himself but has since been appointed to the position of chairman following complaints by Holcim shareholders, will during the next fortnight put forward a new candidate for the position.
As published in the newspaper on Saturday, he said: "For me, there should be a leader able to drive and unify the teams, a cement expert who already has good knowledge of the industry and the company, and with a true culture of value creation for shareholders."
Under the agreement, Lafarge shareholders will receive nine Holcim shares for every 10 Lafarge ones they hold, compared to the original terms of a one-for-one swap.