Shareholders also voted in favour of the proposed group name change from LafargeHolcim Ltd to Holcim Ltd.
The moves were approved - along with all other proposals from the board of directors - at LafargeHolcim's Annual General Meeting held remotely in Zug, Switzerland.
The AGM confirmed Beat Hess as chairman of the company’s board of directors. All members of the board standing for re-election have been confirmed in office with Jan Jenisch elected as a new member. Oscar Fanjul did not stand for re-election as he decided to step down from the board. Beat Hess thanked Fanjul for his invaluable contributions since joining the board of LafargeHolcim in 2015, and said he played an instrumental role in the successful merger of Lafarge and Holcim and in making it become the global leader in building materials and solutions.
The members of the board of directors are now: Beat Hess (chairman), Dieter Spälti (vice chairman), Philippe Block, Kim Fausing, Colin Hall, Jan Jenisch, Naina Lal Kidwai, Patrick Kron, Adrian Loader, Jürg Oleas, Claudia Sender Ramirez and Hanne Birgitte Breinbjerg Sørensen.
The company says that, as it transforms to become the global leader in innovative and sustainable building solutions, the board has recommended to simplify its group name for efficiency and impact. Shareholders voted in favour of the proposed group name change from LafargeHolcim Ltd to Holcim Ltd. This name change applies only to the group company name with all market brands remaining in existence. The new group name will become effective upon entry in the commercial register.
Shareholders also approved the move of the company’s registered office from Jona-Rapperswil to Zug, Switzerland, completing the company’s restructuring of its office locations.
The board of directors also reaffirmed its commitment to publish the company’s first climate transition report in 2022. It will follow the completion of the company’s work with the Science-based Targets initiative, consistent with LafargeHolcim’s rigorous approach to climate action. The climate transition report will be submitted to shareholders for a non-binding vote in 2022.
Due to health and safety concerns stemming from the pandemic and in line with the current rules of the Swiss authorities, shareholders could not attend the meeting in person. Shareholders were able to exercise their voting rights through the independent proxy Sabine Burkhalter Kaimakliotis of Voser Attorneys at Law.
Shareholders confirmed the proposed distribution of a dividend of CHF2.00 (€1.82) per registered share of LafargeHolcim Ltd from the capital contribution reserves.
