- CEO Fernando A. González has decided to retire after a
successful career of over 35 years at Cemex
- Jaime Muguiro, current President of Cemex USA, has been
appointed as new CEO
- Changes to become effective April 1, 2025
Cemex announced today that its CEO, Fernando A. González, has
decided to retire after a successful career of over 35 years in the
company. The Cemex Board of Directors has appointed Jaime Muguiro
as new CEO; these changes will become effective April 1, 2025.
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Jaime Muguiro (Photo: Business Wire)
“I want to thank Fernando for his immense contributions to Cemex
for the past 35 years,” says Cemex Chairman of the Board of
Directors, Rogelio Zambrano. “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
digitalization 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 honor.”
says 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.”
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
United States. He also served as CEO of Cemex Latam Holdings, which
was a publicly listed company.
“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.”
About Cemex
Cemex is a global construction materials company that is
building a better future through sustainable products and
solutions. Cemex is committed to achieving carbon neutrality
through relentless innovation and industry-leading research and
development. Cemex is at the forefront of the circular economy in
the construction value chain and is pioneering ways to increase the
use of waste and residues as alternative raw materials and fuels in
its operations with the help of new technologies. Cemex offers
cement, ready-mix concrete, aggregates, and urbanization solutions
in growing markets around the world, powered by a multinational
workforce focused on providing a superior customer experience
enabled by digital technologies. For more information, please
visit: www.cemex.com
Except as the context otherwise may require, references in this
press release to “Cemex,” ”we,” ”us,” ”our,” refer to Cemex, S.A.B.
de C.V. (NYSE: CX) and its consolidated subsidiaries. This press
release contains forward-looking statements within the meaning of
the U.S. federal securities laws. Cemex intends these
forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements in the U.S. federal
securities laws. These forward-looking statements reflect Cemex’s
current expectations and projections about future events based on
Cemex’s knowledge of present facts and circumstances and
assumptions about future events, as well as Cemex’s current plans
based on such facts and circumstances, unless otherwise indicated.
These statements necessarily involve risks, uncertainties, and
assumptions that could cause actual results to differ materially
from Cemex’s expectations, including, among others, risks,
uncertainties, and assumptions discussed in Cemex’s most recent
annual report and detailed from time to time in Cemex’s other
filings with the U.S. Securities and Exchange Commission and the
Mexican Stock Exchange (Bolsa Mexicana de Valores), which factors
are incorporated herein by reference, which if materialized could
ultimately lead to Cemex’s expectations and/or expected results not
producing the expected benefits and/or results. Forward-looking
statements should not be considered guarantees of future
performance, nor the results or developments are indicative of
results or developments in subsequent periods. These factors may be
revised or supplemented, and the information contained in this
press release is subject to change without notice, but Cemex is not
under, and expressly disclaims, any obligation to update or correct
this press release or revise any forward-looking statement
contained herein, whether as a result of new information, future
events or otherwise, or to reflect the occurrence of anticipated or
unanticipated events or circumstances. Any or all of Cemex’s
forward-looking statements may turn out to be inaccurate.
Accordingly, undue reliance on forward-looking statements should
not be placed, as such forward-looking statements speak only as of
the dates on which they are made. The content of this press release
is for informational purposes only, and you should not construe any
such information or other material as legal, tax, investment,
financial, or other advice. All references to prices in this press
release refer to Cemex’s prices for Cemex products and services.
There is currently no single globally recognized or accepted,
consistent, and comparable set of definitions or standards (legal,
regulatory, or otherwise) of, nor widespread cross-market consensus
i) as to what constitutes, a ‘green’, ‘social,’ or ‘sustainable’ or
having equivalent-labelled activity, product, or asset; or ii) as
to what precise attributes are required for a particular activity,
product, or asset to be defined as ‘green’, ‘social,’ or
‘sustainable’ or such other equivalent label; or iii) as to climate
and sustainable funding and financing activities and their
classification and reporting. Therefore, there is little certainty,
and no assurance or representation is given that such activities
and/or reporting of those activities will meet any present or
future expectations or requirements for describing or classifying
funding and financing activities as ‘green’, ‘social’, or
‘sustainable’ or attributing similar labels. We expect policies,
regulatory requirements, standards, and definitions to be developed
and continuously evolve over time.
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version on businesswire.com: https://www.businesswire.com/news/home/20250210684088/en/
Analyst and Investor Relations - New York Blake Haider +1 (212)
317-6011 ir@cemex.com
Analyst and Investor Relations - Monterrey Patricio Treviño
Garza +52 (81) 8888-4327 ir@cemex.com
Media Relations Jorge Pérez +52 (81) 8259-6666
Jorgeluis.perez@cemex.com
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