Holcim proposes Michael H. McGarry as new member of the Board of Directors
Published: Wednesday, Feb 28th 2024, 07:00
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Holcim proposes Michael H. McGarry for election to the Board of Directors. The election is to take place at the Annual General Meeting on May 8, 2024. All other members will stand for re-election and Jan Jenisch will also be proposed for re-election as Chairman of the Board of Directors.
McGarry is an American citizen and enjoys a "high reputation as an internationally experienced executive", the building materials group announced on Wednesday together with the annual figures. He was most recently Executive Chairman of PPG Industries in 2023, having served as Chairman and CEO from 2016 to 2022. Under his aegis, PPG Industries successfully restructured its portfolio and has become one of the world's largest specialty coatings companies with recent sales of over 18 billion US dollars.
With the proposed appointment, the Board of Directors will in future consist of ten members, nine of whom are independent in accordance with the Swiss Code of Best Practice for Corporate Governance and the DJSI criteria.
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