Holcim shareholders voted in favor of the planned spinoff of the company’s North American business, which will be renamed Amrize.
Amrize will be listed on the New York Stock Exchange and on the Six Swiss Exchange starting next month.
Additionally, Kim Fausing was elected chairman of the Holcim board of directors, taking over for Jan Jenisch, who is designated chairman and CEO of Amrize.
“I am honored to be taking over as chairman from Jan Jenisch and grateful for the trust placed in me by Holcim shareholders,” Fausing says. “As Chairman and CEO of Holcim for over seven years, Jan has made Holcim a leading company in its financial performance, sustainability, innovation and culture.
The Holcim board now consists of 10 independent members.
Related: Holcim completes bond offering ahead of planned spinoff
