Holcim will have a new CEO and also plans to list a new business (photo: Holcim)

Gutovic will succeed the current CEO Jan Jenisch, who will focus on his role as chairman and will stand for re-election at the AGM in May. The Board has also tasked Jan Jenisch with leading the planned US listing of Holcim鈥檚 North America business.

鈥淎s a civil engineer who is passionate about the construction industry, Holcim is the best company to be part of,鈥� said Gutovic.

鈥淲ith decarbonisation and advanced technologies transforming how we build, there has never been a more exciting time for our sector.鈥�

Gutovic has been a member of the Group Executive Committee since 2018. He served as Head of the Region Middle East and Africa, followed by the Region Europe and Operational Excellence.

In a separate announcement Holcim revealed that it would list its North American business in the US with a full capital market separation. It said that this process will create the 鈥渓eading pure-play building solutions company鈥� in the region.

鈥淲ith a US listing, we will unleash its full potential to be the partner of choice for our customers in one of the world鈥檚 most attractive construction markets. As we fully capitalise on the region鈥檚 infrastructure and construction boom, we will accelerate growth and unlock value for our stakeholders,鈥� said Jan Jenisch, Chairman and CEO. 

He added that the company would continue to focus on decarbonisation and mergers and acquisitions as drivers of growth.