New Holcim Chief Executive To Focus On Costs, Open To Divestments
29 Febbraio 2012 - 11:21AM
Dow Jones News
Bernard Fontana, the new chief executive of Swiss cement maker
Holcim Ltd. (HOLN.VX), said Wednesday he would consider divestments
as part of aim to improve efficiencies.
Fontana said that, while Holcim has already made significant
efforts to reduce costs, there are opportunities to improve the
return on invested capital of its assets.
"My view is that a lot has been achieved, but we still have
numerous opportunities to further continue what I call our 'cost
leadership journey.' I expect significant initiatives to be further
deployed on cost improvements," Fontana said.
Fontana, who replaced Markus Akermann as chief executive on Feb.
1, said the company had opportunities to improve costs in
logistics, procurement, energy and fixed costs and that he was open
to selective divestments.
He was previously chief executive at Aperam SA (056997440.LU), a
stainless steel producer based in Luxembourg that was spun off from
ArcelorMittal (MT).
-By John Revill, Dow Jones Newswires; +41 43 443 8042;
john.revill@dowjones.com
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