Cemex Announces Senior Level Organizational Changes

Rhea-AI Summary

Cemex has announced significant organizational changes following the retirement of CEO Fernando Gonzalez and appointment of Jaime Muguiro as new CEO effective April 1st, 2025. The company revealed several key leadership transitions:

- Jesus Gonzalez moves from President of South, Central America, and Caribbean to President of USA
- Sergio Menendez transitions from President of Europe, Middle East, and Africa to President of Mexico
- Jose Antonio Cabrera appointed as President of Europe, Middle East, and Africa
- Alejandro Ramirez shifts from President of Colombia and Peru to President of South, Central America, and Caribbean
- Ricardo Naya moves from President of Mexico to Executive VP of Sustainability and Operations Development

All changes will be effective April 1st, 2025, demonstrating Cemex's commitment to leadership development and organizational success.

Positive

• Strategic internal promotions maintaining organizational continuity
• Structured succession planning demonstrating organizational stability

Negative

• None.

Insights

Corporate Leadership Analyst

The announced leadership changes at Cemex represent a carefully orchestrated succession plan that demonstrates both strategic continuity and operational evolution. The appointment of internal candidates to key positions suggests a strong bench of experienced leaders and reflects Cemex's successful leadership development program.

The timing of these changes, synchronized for April 1st, 2025, indicates a well-planned transition designed to minimize operational disruption. The movement of executives across different regional positions is particularly noteworthy - this cross-pollination of leadership experience can enhance operational best practices and foster innovation across markets.

Several strategic implications emerge from these appointments:

• The shift of Ricardo Naya to lead Sustainability and Operations Development signals an increased focus on ESG initiatives and operational efficiency
• The rotation of regional presidents suggests a desire to apply successful strategies across different markets while maintaining local market expertise
• The promotion of executives with experience in emerging markets to lead developed market operations brings valuable cost management and growth expertise

While leadership transitions always carry execution risks, Cemex's approach of promoting experienced internal candidates who understand the company's culture and operations should help maintain strategic continuity. The comprehensive nature of these changes suggests a broader organizational transformation aimed at optimizing regional operations and accelerating growth initiatives.

MONTERREY, Mexico--(BUSINESS WIRE)-- Following today’s announcement of the retirement of Fernando Gonzalez as CEO of Cemex, and the appointment of Jaime Muguiro as new CEO effective April 1^st 2025, Cemex announces the following changes to its senior-level organization.

• Jesus Gonzalez, current President of Cemex South, Central America, and the Caribbean, has been appointed President of Cemex USA.
• Sergio Menendez, current President of Cemex Europe, Middle East, and Africa, has been appointed President of Cemex Mexico.
• Jose Antonio Cabrera, former President of Cemex Dominican Republic and Puerto Rico, has been appointed President of Cemex Europe, Middle East, and Africa.
• Alejandro Ramirez, current President of Cemex Colombia and Peru, has been appointed President of Cemex South, Central America, and the Caribbean.
• Ricardo Naya, current President of Cemex Mexico, has been appointed Executive Vice President of Sustainability and Operations Development.

These changes will also take effect on April 1st, 2025, and reflect Cemex’s commitment to leadership development and organizational success.

About Cemex

Cemex is a global construction materials company that is building a better future through sustainable products and solutions. Cemex is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. Cemex is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the help of new technologies. Cemex offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience enabled by digital technologies. For more information, please visit: www.cemex.com.

Except as the context otherwise may require, references in this press release to “Cemex,” “we,” ”us,” ”our,” refer to Cemex, S.A.B. de C.V. (NYSE: CX) and its consolidated subsidiaries. This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. Cemex intends these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. federal securities laws. These forward-looking statements reflect Cemex’s current expectations and projections about future events based on Cemex’s knowledge of present facts and circumstances and assumptions about future events, as well as Cemex’s current plans based on such facts and circumstances, unless otherwise indicated. These statements necessarily involve risks, uncertainties, and assumptions that could cause actual results to differ materially from Cemex’s expectations, including, among others, risks, uncertainties, and assumptions discussed in Cemex’s most recent annual report and detailed from time to time in Cemex’s other filings with the U.S. Securities and Exchange Commission and the Mexican Stock Exchange (Bolsa Mexicana de Valores), which factors are incorporated herein by reference, which if materialized could ultimately lead to Cemex’s expectations and/or expected results not producing the expected benefits and/or results. Forward-looking statements should not be considered guarantees of future performance, nor the results or developments are indicative of results or developments in subsequent periods. These factors may be revised or supplemented, and the information contained in this press release is subject to change without notice, but Cemex is not under, and expressly disclaims, any obligation to update or correct this press release or revise any forward-looking statement contained herein, whether as a result of new information, future events or otherwise, or to reflect the occurrence of anticipated or unanticipated events or circumstances. Any or all of Cemex’s forward-looking statements may turn out to be inaccurate. Accordingly, undue reliance on forward-looking statements should not be placed, as such forward-looking statements speak only as of the dates on which they are made. The content of this press release is for informational purposes only, and you should not construe any such information or other material as legal, tax, investment, financial, or other advice. All references to prices in this press release refer to Cemex’s prices for Cemex products and services. There is currently no single globally recognized or accepted, consistent, and comparable set of definitions or standards (legal, regulatory, or otherwise) of, nor widespread cross-market consensus i) as to what constitutes, a ‘green’, ‘social,’ or ‘sustainable’ or having equivalent-labelled activity, product, or asset; or ii) as to what precise attributes are required for a particular activity, product, or asset to be defined as ‘green’, ‘social,’ or ‘sustainable’ or such other equivalent label; or iii) as to climate and sustainable funding and financing activities and their classification and reporting. Therefore, there is little certainty, and no assurance or representation is given that such activities and/or reporting of those activities will meet any present or future expectations or requirements for describing or classifying funding and financing activities as ‘green’, ‘social’, or ‘sustainable’ or attributing similar labels. We expect policies, regulatory requirements, standards, and definitions to be developed and continuously evolve over time.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250210552960/en/

Analyst and Investor Relations - New York

Blake Haider

+1 (212) 317-6011

ir@cemex.com

Analyst and Investor Relations - Monterrey

Patricio Treviño Garza

+52 (81) 8888-4327

ir@cemex.com

Media Relations

Jorge Pérez

+52 (81) 8259-6666

jorgeluis.perez@cemex.com

Source: Cemex

FAQ

When will Jaime Muguiro become the new CEO of Cemex (CX)?

Jaime Muguiro will become the new CEO of Cemex effective April 1st, 2025, following Fernando Gonzalez's retirement.

Who will be the new President of Cemex USA in 2025?

Jesus Gonzalez, currently President of Cemex South, Central America, and the Caribbean, will become President of Cemex USA effective April 1st, 2025.

What position will Ricardo Naya hold at Cemex (CX) after April 2025?

Ricardo Naya will transition from President of Cemex Mexico to Executive Vice President of Sustainability and Operations Development.

Who will lead Cemex Mexico after the organizational changes in 2025?

Sergio Menendez, currently President of Cemex Europe, Middle East, and Africa, will become President of Cemex Mexico.

When will the new organizational changes at Cemex (CX) take effect?

All announced organizational changes at Cemex will take effect on April 1st, 2025.