Ricardo Lima to become new Cimpor CEO, Portugal

Ricardo Lima, currently vice president of operations of InterCement, is to be the new CEO of Cimpor following, parent company, Camargo Corrêa’s takeover of the Portuguese cement major last week.

Ricardo Fonseca de Mendonca Lima has been at his current role at InterCement since 2004.

Last Wednesday, Brazilian industrial conglomerate Camargo Correa completed its takeover of Cimpor, controlling 94.8 per cent of the producer after the bid. The deal will involve an asset swap with Votorantim, Cimpor's second largest shareholder.