Bernard Fontana Steps Down as CEO of Holcim Ltd.

Holcim announces that in connection with the successful public exchange offer and the expected closing of the merger with Lafarge, Bernard Fontana will step down from his position as CEO of Holcim Ltd. with the completion of the merger.

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Holcim announces that in connection with the successful public exchange offer and the expected closing of the merger with Lafarge, Bernard Fontana will step down from his position as CEO of Holcim Ltd with the completion of the merger. He will also resign from all mandates in all Holcim Group entities.

Bernard Fontana says, "It has been a pleasure and honor to work with remarkable and passionate people throughout the past years at Holcim. I wish the new company LafargeHolcim and the entire team all the very best for the future."

Holcim and Lafarge had earlier announced the leadership of LafargeHolcim with Wolfgang Reitzle as statutory Chairman of the Board of Directors and Eric Olsen as CEO. The mandate of the new Board of Directors and Executive Committee will be effective from the date of the completion of the merger.

The Board of Directors wishes to thank Bernard Fontana for his leadership and achievements for the Group, and in particular for the successful implementation of the Holcim Leadership Journey.

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