Thomas Schmidheiny has taken the decision not to stand for re-election at LafargeHolcim’s upcoming Annual General Meeting on 8 May 2018, according to a company press statement. Mr Schmidheiny has been with the Group for almost 50 years in different management functions and later on the Board of Holcim. Following the merger, Thomas Schmidheiny has been a Board member of LafargeHolcim since 2015. He will remain one of the Group’s main shareholders.

In recognition of his many years of service to LafargeHolcim, the Board of Directors has decided to name Thomas Schmidheiny Honorary Chairman of the Group.

Thomas Schmidheiny began his career at Holcim in 1970. He became a member of the Executive Committee six years later and served as CEO between 1978 and 2001. After joining the Board of Directors in 1978 he was Chairman of the Board of Directors from 1984 until 2003. Thomas Schmidheiny was instrumental in the merger of Holcim and Lafarge to form LafargeHolcim, the world’s largest cement manufacturer.

In addition, Bertrand Collomb will also not stand for re-election at the upcoming AGM, to follow a customary age limit of 75 years. He joined Lafarge in 1975. After serving in different management positions, he served as chairman and CEO of Lafarge from 1989 to 2003 and subsequently as director until 2012. He was named Honorary Chairman of Lafarge in 2007 and joined LafargeHolcim’s Board in 2015.