- Cemex (CX) has opted for continuity and named CFO Fernando Gonzalez as CEO to replace the legendary Lorenzo Zambrano, who died on Monday at the age of 70.
- The Mexican cement giant has also appointed Zambrano's cousin, Rogelio Zambrano, as Chairman.
- "Cemex has a management team with sufficient talent to give continuity to the company's operations," brokerage house Actinver said in a note this week.
- Gonzalez joined Cemex 1989 and has managed its operations in Asia, Africa, South America, the Caribbean and the Middle East. Rogelio Zambrano became a director in 1987.