Cemex Announces CEO Transition

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Cemex Announces CEO Transition

2025-02-10 19:40 Last Updated At：19:51

MONTERREY, Mexico--(BUSINESS WIRE)--Feb 10, 2025--

Cemex announced today that its CEO, Fernando A. González, has decided to retire after a successful career of over 35 years in the company. The Cemex Board of Directors has appointed Jaime Muguiro as new CEO; these changes will become effective April 1, 2025.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250210684088/en/

“I want to thank Fernando for his immense contributions to Cemex for the past 35 years,” says Cemex Chairman of the Board of Directors, Rogelio Zambrano. “In over a decade as CEO, Fernando has led Cemex to great success, and he will leave us with a company that is an industry leader in sustainability, innovation, and digitalization to better serve our customers. Cemex has also regained its investment-grade ratings and is poised for continued growth. I am confident that Jaime is the right person to lead Cemex, and that his experience, vision, and expertise will serve the company well as we work to provide even more value for all our stakeholders.”

“My career at Cemex, especially my time as CEO, has been the most rewarding part of my professional life; serving our customers, employees, and stockholders has been a privilege and an honor.” says Fernando A. González. “I am grateful to Rogelio and the Board of Directors for their trust and support over the years, and I am very proud of the great work the Cemex team has done to keep this company at the forefront of the building materials industry. Having worked alongside Jaime for over two decades, I know his dedication, leadership, and business acumen will be key to an even better future for Cemex.”

Jaime Muguiro joined Cemex in 1996 and has held several executive positions in the Strategic Planning, Business Development, Ready-Mix Concrete, Aggregates, and Human Resources areas. He has headed several regional operations for Cemex, including the Mediterranean, South, Central America and the Caribbean, and most recently serves as President of Cemex in the United States. He also served as CEO of Cemex Latam Holdings, which was a publicly listed company.

“I thank Rogelio and the Board of Directors for their trust, and Fernando for his guidance and leadership, both of great inspiration to me,” says Jaime Muguiro. “I am looking forward to this challenge and to collaborating with our customers, employees, and stakeholders to continue building a better future and ushering in a new era of sustainable construction.”

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.

Inside the Golden Globes: The reunions and moments the telecast didn't show

BEVERLY HILLS, Calif. (AP) — Emma Stone just seems more comfortable out of her seat than in it at awards shows.

At the Golden Globes Sunday, the “Bugonia” star held court with a rotating cast of companions, from Kirsten Dunst to Jennifer Lawrence -- not in the main ballroom, but in a much smaller side room with a bar, a tea and coffee station and an ever-replenishing supply of decadent desserts, Nobu sushi, caviar cups and, perhaps most importantly, no television cameras.

Here’s some more of what you didn’t see on the Golden Globes broadcast.

Before the show even started Jennifer Garner and Mark Ruffalo found one another near the bar and chatted for a while, not about plans for an impromptu “Thriller” dance, but about how Jay Penske, whose media empire includes Hollywood trade publications like “The Hollywood Reporter,” “Variety” and “Deadline,” also co-owns the Golden Globes. “Isn’t that crazy,” he said. Conversation then shifted to how he nearly missed his own category last year due to the security backup at the drop off area. He made it in, eventually, but just by a hair and had to take a seat in the aisle.

As the clock ticked down, Glen Powell escorted his mother into the ballroom, taking her arm to navigate the steps Alicia Silverstone just had to sidestep down. They spotted their table off to the side and Powell took a beat: “Want to hit the bar then?”

Silverstone was having her own issues though, and another mom soon came to the rescue: Mila Kunis was on a mission to deliver some Band-Aids to Silverstone, who thanked her profusely.

Elsewhere, Colman Domingo danced his way to his table. Teyana Taylor, flanked by security trying to rush her to her seat, snapped a selfie with a guest. Rose Byrne paused to hug Elle Fanning, while Universal chair Donna Langley spoke to Benicio Del Toro. And Kylie Jenner made her way in at the last minute, without Timothée Chalamet and with only minutes to showtime.

Stone beelined to the side room after the first award, leading her “Bugonia” director Yorgos Lanthimos and costar Alicia Silverstone along with her. Stone and Lanthimos were deep in conversation, with brief interruptions requesting selfies.

Over at the coffee and tea station, Kirsten Dunst was halfway through pouring herself a cup of coffee when she paused and told husband Jesse Plemons “I don’t want this, do you?” Her order instead was cranberry and some sparkling, which Plemons dutifully delivered to her throughout the night. Both were also excited to greet Wagner Moura.

After Stellan Skarsgård’s win, Sean Penn made his way to the “Sentimental Value” table to give Renate Reinsve a big hug, while Megan Everett-Skarsgård, who had just gotten a very public boost from her husband, celebrated with Elle Fanning.

Seth Rogen, meanwhile, followed his first win of the evening with what looked like a very, very dirty martini.

Ariana Grande led a glamorous train to the ladies’ room, telling Jessie Buckley and Reinsve to “hold on to me!” The three made a brief stop to say hi to Tessa Thompson, and pose for a photo, before reaching their destination. In the line for the toilets, Grande sighed “phew we made it,” holding up her voluminous gown as best she could. Still someone soon stepped on a part of it, apologizing profusely. Grande put her at ease immediately, though, insisting, “No, I’m the problem!”

Later in the show, Jennifer Lawrence made her way to the bar area where she hugged Jeremy Allen White before finding Stone, who put down her white wine and took her friend’s face in her hands. They fluffed their hair when a photographer asked for a photo before they decided to take their own selfie as well.

Dunst spotted Lawrence nearby too, telling “The Testament of Ann Lee” filmmaker Mona Fastvold and Zoë Kravitz that she just wanted to say hi. Plemons soon arrived with three drinks to dole out. One was not for Lawrence, who joined the line to order her own drink.

In another part of the room, Gayle King, who snacked on a small bite of dessert, appeared to have procured a to-go box for the sushi and soon was next to the “KPop Demon Hunter” women picking some choice pieces.

Patrick Schwarzenegger took a good long look at the dessert table, before moving on, empty-handed to the sushi. No protein shakes here for the “White Lotus” star.

Back inside the ballroom, the commercial breaks are a race to socialize. Everywhere you looked, there were interesting chats happening: Dwayne Johnson and Steven Spielberg, Macauly Culkin and Parker Posey, Maya Rudolph and Selena Gomez, Johnson and Timothée Chalamet and Oscar Isaac and Ethan Hawke, to name a few.

Others stayed put in their seats as the night went on. Julia Roberts, George Clooney and Adam Sandler seemed content to hang at their very starry table. (Why get up when people can come to you instead?). Jessie Buckley let her “Hamnet” son, a tired-looking, Jacobi Jupe sit on her lap for a bit. And Eva Victor took a moment to reapply their lipstick before their category was up.

Were Marty Supreme (Chalamet) and The Smashing Machine (Johnson) talking about greatness? Was Sean Penn smoking inside the ballroom? What did Britt Lower whisper to Grande? And what did Grande then write on a napkin and pass to Lower? Why was Ethan Hawke’s wife Ryan Hawke carrying a tote bag that said “Snoop’s Survival Kit” and what was in it? And what did Stone say to the three Beverly Hills Police officers that made them laugh so much?

For more coverage of the 2026 Golden Globe Awards, visit: https://apnews.com/hub/golden-globe-awards