Jaime Muguiro began his tenure Tuesday as Cemex CEO after being appointed to the position in February.
Muguiro’s appointment is part of a planned leadership transition following the retirement of former CEO Fernando A. Gonzalez.
“I am honored to take on this role and deeply grateful to our chairman Rogelio Zambrano and the board of directors for their trust, and to Fernando González for his outstanding leadership,” Muguiro says. “As Cemex’s new CEO, I am committed to providing the highest possible returns to our shareholders, which we will achieve by being the best partner to our customers and having a laser-like focus on operational efficiency.”
Muguiro joined Cemex in 1996. He has held executive positions in strategic planning, business development, ready-mixed concrete, aggregates and human resources areas.
Additionally, Muguiro has headed several regional operations for Cemex, including the Mediterranean, South America, Central America and the Caribbean. He was most president of Cemex in the U.S.
“This is a pivotal moment in our company’s history,” Muguiro adds. “Having achieved our deleveraging objectives and substantially consolidated our operations, we are now well-positioned to transition from financial stabilization to growth, looking primarily at opportunities in the United States, while enhancing shareholder returns and driving sustainable value creation for all stakeholders including our neighboring communities.”
Related: Cemex reflects on fourth-quarter, year-end 2024 performance
