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LafargeHolcim CEO launches overhaul, takes big Q4 charge
Published Fri, Mar 2, 2018 · 09:50 PM
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Zurich
LAFARGEHOLCIM aims to grow faster than the overall market and cut costs under a five-year plan set out by the new chief executive of the world's biggest cement maker on Friday.
The strategy was launched as LafargeHolcim reported a net loss of 3.1 billion Swiss francs (S$4.4 billion) for its fourth quarter, hit by a 3.8 billion-franc impairment charge as CEO Jan Jenisch cleared the decks for his overhaul.
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