Cemex announced CFO Fernando Gonzalez is the company’s new CEO and Rogelio Zambrano Lozano is now chairman of the board. They replace Lorenzo Zambrano, who died May 12 of heart failure.
The company had no succession plan in place, according to reports. Zambrano served both positions for the company.
Gonzalez, 59, joined the company in 1989. Lozano, 57, has been a board member since 1987. He is a cousin of Zambrano.
Ian Armstrong Zambrano, nephew of the late CEO, was named a new board member, subject to shareholder approval, according to the company.
