LafargeHolcim’s chief executive is set to step down today following an internal investigation into a plant the Swiss-French cement company operated in Syria until September 2014, reports London’s Financial Times.
Chief executive Eric Olsen’s departure is expected after an internal probe into “unacceptable” operations at the Jalabiya plant in Syria that continued operating as Syria descended into civil war. Human rights groups allege the company helped finance terrorism.
Terms of his departure were still being discussed on Sunday, according to people close to the company, the newspaper says.
LafargeHolcim did not comment. Olsen was not directly responsible for the operations in Syria, but while the plant was running, he was a senior manager in charge of operations at Lafarge.
