Cemex announce senior level changes

Mexican building materials giant 643 Cemex has today announced a number of changes to its senior level organisation, effective 1 January 2016.

Juan Romero Torres has been ratified as president of Cemex Mexico; Ignacio Madridejos Fernández has been appointed president of 6639 Cemex USA; and Jaime Gerardo Elizondo Chapa has been appointed president of Cemex Europe. This new region will now integrate all Cemex operations in Europe including Spain and Croatia.

In further changes, Jaime Muguiro Domínguez has been appointed president of Cemex South, Central America and the Caribbean; Joaquín Miguel Estrada Suárez has been appointed president of Cemex Asia, Middle East and Africa. The existing Asia region will now include Cemex´s Middle East and Africa operations. Karl H. Watson Jr., current president of Cemex USA, will leave the company effective 1 January 2016 and will be retained by Cemex in an advisory capacity until 30 June 2016.

All other executive vice presidents that head corporate staff functions reporting to Cemex CEO Fernando A. Gonzalez will remain unchanged.

A Cemex spokesperson said: “Cemex’s senior management has a track record of operating diverse businesses throughout our value chain in emerging and developed economies globally. By rotating managers from one region to another, Cemex can increase their diversity of experience and knowledge of Cemex’s operations, which allows Cemex to operate its business more effectively and obtain the best use of its assets.

“I have the greatest confidence in our management team and our entire workforce. Our greatest asset is the talent and dedication of everyone at Cemex, and I am very excited about the outlook for our business,” said CEO Gonzalez.