Holcim names chairman Jenisch as CEO and chairman of North American spin-off

Holcim has named its chairman and former chief executive Jan Jenisch as chairman and CEO of its North American company following its spin-off, the Swiss building materials maker said on Friday.

Jenisch, who was CEO at Holcim from 2017 to 2024, has been in charge of steering the 100% separation of the company's North American business into a separate U.S.-listed entity with a potential market valuation of $30 billion.

Holcim also named nine other members for the board of directors for the North American company, which is expected to complete its spin-off by the end of the first half of 2025.


The cement and roofing maker announced the separation of the North American business last January, a move designed to capitalise on the region's infrastructure and construction boom, as well as capture a higher valuation.

The separation is one of the biggest changes in the global construction market this year and is being closed watched
by rivals including Germany's Heidelberg Materials .

Holcim also on Friday nominated board member Kim Fausing to replace Jenisch as chairman of the remaining business which is not being divested.