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Bernard Fontana steps down as CEO of Holcim Ltd

Words: David BenincasaHolcim today announces that in connection with the successful public exchange offer and the expected closing of the merger with Lafarge, Bernard Fontana will step down from his position as CEO of Holcim Ltd with the completion of the merger. He will also resign from all mandates in all Holcim Group entities.

Bernard Fontana said: "It has been a pleasure and honor to work with remarkable and passionate people throughout the past years at Holcim. I wish the new company LafargeHolcim and the entire team all the very best for the future."

Holcim and Lafarge had earlier announced the leadership of LafargeHolcim with Wolfgang Reitzle as statutory Chairman of the Board of Directors and Eric Olsen as CEO. The mandate of the new Board of Directors and Executive Committee will be effective from the date of the completion of the merger.

The Board of Directors wishes to thank Bernard Fontana for his leadership and achievements for the Group, and in particular for the successful implementation of the Holcim Leadership Journey.

Holcim also announces that Andreas Leu and Bernard Terver will step down from the Holcim Executive Committee with completion of the merger.

Andreas Leu, currently responsible for the Americas, will leave the Group with effect from August 1, 2015. Bernard Terver currently responsible for Africa Middle East as well as South Asia will assume the position as Head of India for LafargeHolcim from the date of the closure of the merger. In this capacity he will continue his mandates in the Boards of Ambuja Cements and ACC Limited in India.

The Board of Directors and the Executive Committee of Holcim Ltd thank Andreas Leu for his contributions to the success of the Group and wish him all the very best for his future.

They also wish Bernard Terver all the very best in his new role within LafargeHolcim.
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