Following Fernando A González's decision to retire as CEO of Cemex after a 35-year career at the company, Cemex has appointed Jaime Muguiro, currently president of Cemex USA, as new CEO with changes effective from 1 April 2025.
Jaime Muguiro joined Cemex in 1996 and has held several executive positions in the strategic planning, business development, ready-mix concrete, aggregates and human resources areas. He has headed several regional operations for Cemex, including the Mediterranean, South, Central America and the Caribbean, and most recently serves as president of Cemex in the USA. He also served as CEO of publicly-listed Cemex Latam Holdings.
“I thank Rogelio and the Board of Directors for their trust, and Fernando for his guidance and leadership, both of great inspiration to me,” says Jaime Muguiro. “I am looking forward to this challenge and to collaborating with our customers, employees, and stakeholders to continue building a better future and ushering in a new era of sustainable construction.”
Meanwhile, Cemex Chairman of the Board of Directors, Rogelio Zambrano acknowledged Mr González's achievements: “I want to thank Fernando for his immense contributions to Cemex for the past 35 years.
“In over a decade as CEO, Fernando has led Cemex to great success, and he will leave us with a company that is an industry leader in sustainability, innovation, and digitalisation to better serve our customers. Cemex has also regained its investment-grade ratings and is poised for continued growth. I am confident that Jaime is the right person to lead Cemex, and that his experience, vision, and expertise will serve the company well as we work to provide even more value for all our stakeholders.”
“My career at Cemex, especially my time as CEO, has been the most rewarding part of my professional life; serving our customers, employees, and stockholders has been a privilege and an honour,” said Fernando A González. “I am grateful to Rogelio and the Board of Directors for their trust and support over the years, and I am very proud of the great work the Cemex team has done to keep this company at the forefront of the building materials industry. Having worked alongside Jaime for over two decades, I know his dedication, leadership, and business acumen will be key to an even better future for Cemex.”
