In an announcement April 9, the boards of directors of Lafarge and Holcim have approved the appointment of Eric Olsen as future Chief Executive. According to a press release:

Eric Olsen is presently Lafarge Executive Vice-President, Operations. He has been a
member of the Group’s Executive Committee since 2007. Fifty-one years old, he has dual
American and French nationalities. Eric Olsen has an international and extensive
experience. He successfully held senior positions in operations and in the fields of finance, human resources and strategy. Eric Olsen also benefits from a deep experience of driving change linked to the roles he has played in matters of integration and organisation in multicultural environments.
Commenting on the appointment, Wolfgang Reitzle, Chairman of the Holcim Board and
future co-Chairman of LafargeHolcim said: “I very much welcome Eric Olsen as future CEO for LafargeHolcim. With his broad international experience and insights in key markets, he is best positioned to lead the combined company for the benefit of employees, shareholders and customers. Bruno and I will support Eric Olsen in creating a new joint culture that will be the key driver for our premier competitive position.”
Lafarge Chairman and CEO, and future LafargeHolcim co-Chairman, Bruno Lafont said:
“Eric has been proposed as future CEO of LafargeHolcim both for his personal andprofessional qualities. He has a deep knowledge of our activities, clients and markets. He is driven, with energy and determination. He is a true leader, with the ability to bring the teams together to drive a strong value creation culture for our shareholders. I have every confidence in his ability to deliver the synergies announced and ensure the development and the success of LafargeHolcim.”

The announcement is part of a proposed $44.27 billion merger between Switzerland-based Holcim Ltd. and France's Lafarge SA,now moving forward again, after coming to a halt recently over disagreements on some points in the original terms.