Two new members will be proposed for election to LafargeHolcim's board of directors at the group's annual general meeting (AGM) of shareholders on 12 May 2020.
The global aggregates group will ask stockholders approve the appointments of Professor Dr. Philippe Block and Kim Fausing as new members.
The pair will add perspectives from academia and building industry to an already expert, diverse board says LafargeHolcim.
Block, a Belgian national, born in 1980, is professor of Architecture and Structure at the Swiss Federal Institute of Technology (ETH) Zurich, Switzerland.
He is the founder and co-director of the Block Research Group at ETH where his research focuses on the analysis of unreinforced masonry structures, structural design, computational form-finding, and new construction techniques.
He is also the director of the Swiss National Centre of Competence in Research (NCCR) for Digital Fabrication.
Since 2014 he has served on the Academic Committee of the LafargeHolcim Foundation for Sustainable Construction.
Fausing, a Danish national born in 1964, began his professional career with the Hilti Group in Denmark 1990.
He went on to run its operations then took over country operations in Austria and Japan before becoming division president at its headquarters in Liechtenstein.
In 2007 Fausing moved to the Danish Danfoss Group to assume the role of chief operating officer.
And in January 2008 he became a member of its executive committee, which he has chaired since July 2017 as President and CEO.
Except for Paul Desmarais Jr, all other existing members of the board would stand for re-election, with Beat Hess remaining as chairman.
Hess said: "On behalf of the entire board of directors I would like to thank Paul Desmarais Jr for his generous contributions over the past years. He will be missed.
"At the same time I am glad we can propose these two outstanding candidates. I'm confident they would strengthen our board's expertise by adding vast experience with multinational corporations as well as the perspective of a renowned academic who has focused on creating sustainable solutions."
In addition to the votes on the election and re-election of the board of directors, shareholders will be asked to vote on compensation and to consider a dividend proposal of CHF 2.00 per registered share of LafargeHolcim Ltd. It will be paid from foreign capital contribution reserves and not subject to Swiss withholding tax.
Invitations including the complete agenda and motions were sent to shareholders on Friday 17 August. All materials that are part of the invitation to the Annual General Meeting can also be accessed at www.lafargeholcim.com/agm
Due to the exceptional circumstances of the COVID-19 pandemic, the personal attendance of shareholders on site will not be possible. The board of directors has resolved that shareholders shall be represented at the Annual General Meeting exclusively by the independent proxy.
The results of the AGM will be available following the meeting at www.lafargeholcim.com/agm
The Integrated Annual Report 2019 and the analysts' presentation of the results will also be available on www.lafargeholcim.com
