Cemex CEO Lorenzo H. Zambrano dies at 70
Cemex chairman and CEO Lorenzo H. Zambrano died Monday in Madrid, Spain, the company reports. He was 70 years old.
Zambrano’s death was unexpected, according to a report from Reuters, and no succession plan was in place at the time of his death.
A report from the New York Times notes that the company said “he died of natural causes.”
Despite uncertainty, the shares in the Cemex are not suffering. Shares in the company fell about 3 percent on Tuesday, NYT reports, but recovered by the end of the day.
A statement on the company’s website points to its next steps:
“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.”
Zambrano began working for Cemex in 1968. He became CEO of the company in 1985 and Chairman of the Board in 1995.
Reuters reports that a private funeral was held in northern Mexico on Wednesday.
From our partners
Sandvik Construction’s extensive range of rock tools are world renowned for combining advanced materials technology, with skillful design focusing on…
MORE FROM Aggbeat Online
SUBSCRIBE & FOLLOW
- Quarry explosion damages homes and cars and injures one person1057 Views
- Martin Marietta mine among 18 cited during MSHA monthly inspection in April595 Views
- EPA releases final Waters of the U.S. rule, aggregates industry reacts399 Views
- Man dies after nearly 100-foot fall into quarry348 Views
- Vulcan Materials conducts blast for the 'Mayan steps' restoration331 Views