LafargeHolcim Ltd appointed two new regional chiefs and the head of its newly merged global business functions as part of a restructuring plan to create a "more market-focused and agile management organization," the cement giant said Dec. 15.
The company named Marcel Cobuz as head of the Europe region, replacing Roland Köhler, who will retire at the start of 2018. René Thibault was appointed as head of the North America region, succeeding Pascal Casanova, who will leave the company.
Cobuz and Thibault will join LafargeHolcim's executive committee, which will be reduced to nine members. The company's 30 largest country organizations will directly report to the committee.
LafargeHolcim Ltd said its two global business functions will be merged into the new growth and performance department, which will be headed by Urs Bleisch. Gérard Kuperfarb, head of growth and innovation, will exit the company.
The company also aligned some of its regional operations to reflect geographic and business similarities. Mexico will join Latin America from the North America region, while Australia and New Zealand will be moved to Asia from Europe. China and Trading will report directly to CEO Jan Jenisch.
The company changes, which are effective from Jan. 1, 2018, will help the company reach its "next level of performance," according to Jenisch.
"Countries will be fully empowered and accountable for market strategies, cost discipline and results," Jenisch said. "The new organization will be complemented by a strengthened performance management system focusing on growth, cash conversion, capital efficiency and people development."
LafargeHolcim also said that its new CFO, Géraldine Picaud, will join the company earlier than previously announced, taking over her post on Jan. 3, 2018.