Cemex has informed the Mexican Stock Exchange (Bolsa Mexicana de Valores) that Mr Lorenzo H. Zambrano, Chairman of the Board of Directors and Chief Executive Officer of Cemex, passed away in the city of Madrid, Spain. Cemex’s operation and management will continue as usual. Cemex’s Board of Directors is expected to meet within the following days to make the corresponding decisions.
The industry has expressed its sadness at the news and highlighted Mr Zambrano’s vast contribution to the cement sector. As noted by Imran Akram, Chief Executive of IA Cement, Mr Zambrano ‘transformed the group into a global giant’. Philippe Fonta, Managing Director of the Cement Sustainability Initiative, stated that ‘Mr Zambrano was a prominent leader of the sector and in Mexico by leading Cemex to become a forerunner in the cement industry, and he was also one of the founding members of CSI’.
World Cement would like to express its condolences at the passing of Mr Zambrano. Our thoughts are with his friends, family and colleagues.
Lorenzo H. Zambrano (1944 – 2014).
Mr Zambrano joined Cemex in 1968. During his career with Cemex, Mr Zambrano was involved in all operational aspects of the business. He held several positions in Cemex prior to his appointment as Director of Operations in 1981. In 1985, Mr Zambrano was appointed Chief Executive Officer, and in 1995 he was elected Chairman of the board of directors. Mr Zambrano was a graduate of Instituto Tecnológico y de Estudios Superiores de Monterrey, A.C., or ITESM, with a degree in mechanical engineering and administration and had an M.B.A. from Stanford University.
Mr Zambrano was a member of the board of directors from 1979 and Chairman of the board of directors from 1995. He was a member of the board of directors of Cementos Chihuahua, IBM, Enseñanza e Investigación Superior, A.C. and Museo de Arte Contemporáneo de Monterrey A.C. (MARCO). Mr Zambrano participated in the chairman’s Council of Daimler Chrysler AG until July 2005, was a member of the Stanford University’s Graduate School of Business Advisory Council until 2006, of the board of directors of Vitro, S.A.B. de C.V. until 2007, of the board of directors of Alfa, S.A.B. de C.V., or Alfa, until 2008, of the board of directors of Grupo Televisa, S.A.B. and Banamex until April 2009 and of the board of directors of Fomento Económico Mexicano S.A.B. de C.V., or FEMSA and the international advisory board of Citigroup until 2011 and served as Chairman of the board of directors of Enseñanza e Investigación Superior, A.C., which manages ITESM, until February 2012.
In recognition of his business and philanthropic record, Mr Zambrano received several awards and recognitions, including the Woodrow Wilson Center’s Woodrow Wilson Award for Corporate Citizenship, the America’s Society Gold Medal Distinguished Service Award, and Stanford University’s Graduate School of Business Alumni Association’s Ernest C. Arbuckle Award.
Adapted from press releases by Louise Fordham
Read the article online at: https://www.worldcement.com/the-americas/14052014/lorenzo_h_zambrano_cemex_ceo_188/