Change in Management of the Cembrit Group
(Thomson Reuters ONE) -
PRESS RELEASE
In continuation of the announcement on 23 August 2013 concerning the stopped
sales process of the Cembrit Group and the implementation of an improvement
programme, it has been decided to restructure and strengthen the Cembrit
Management.
As of 1 October 2013, Martin Jermiin has therefore been appointed new President
& CEO of the Cembrit Group. Martin Jermiin was formerly partner at McKinsey &
Company where he has been employed since 2003. Martin Jermiin holds an M.Sc.
degree in Applied Economics and Finance from Copenhagen Business School.
Jørgen Jacobsen, current President & CEO of the Cembrit Group, will take up a
new position as Group Business Development Director. Hence, Jørgen Jacobsen,
with his vast experience from Cembrit and the building material business in
general, will continue in Cembrit in order to contribute to the development of
the Group as well as to secure continuity. Jørgen Jacobsen will also continue as
part of Cembrit Group Management.
Following the appointment of a new President & CEO, a process with the purpose
of appointing an independent Board of Directors with in-depth industry
experience will be started.
FLSmidth will develop Cembrit as a stand-alone business, including optimising
the production facilities, developing the product portfolio and further
optimising the cost structure in order for Cembrit to retain its position as the
leading distributor and producer of fibre cement products in Europe.
------------------------------------
Please address any questions regarding this announcement to Group Executive Vice
President Bjarne Moltke Hansen, FLSmidth & Co. A/S at +45 36 18 18 00.
For further information about FLSmidth, please visit www.flsmidth.com.
Yours faithfully
Pernille Friis Andersen
Corporate Communications & Investor Relations
Link to PDF version:
http://hugin.info/2106/R/1727409/576581.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: FLSmidth via Thomson Reuters ONE
[HUG#1727409]
Unternehmensinformation / Kurzprofil:
Datum: 05.09.2013 - 08:07 Uhr
Sprache: Deutsch
News-ID 293743
Anzahl Zeichen: 2710
contact information:
Town:
Valby
Kategorie:
Business News
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"Change in Management of the Cembrit Group"
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