Apr 2015 Financial News

Cemex Executive To Run Caribbean Cement

Apr 27, 2015

Cemex executive  Alejandro Vares has been appointed general manager of Caribbean Cement Company Limited, replacing outgoing head  Anthony Haynes, effective May 4.

Vares will leave his position as Interim Country Manager of Cemex Costa Rica to join the Rockfort, Kingston-based cement producer, Caribbean Cement said in a press release.

This appointment was approved by the Board of Directors on Thursday, a day after Wednesday Business reported that Haynes was being replaced.
Haynes will serve until the end of April, then transition to a new position as “consultant to the TCL Group for six months in this instance,” the release said.

It is unclear whether this arrangement will be renegotiated or restructured when his initial term ends.

Cemex recently doubled its stake in Trinidad Cement Limited from 20 per cent to 39.5 per cent. Alongside its interest in Caribbean Cement through its stake in TCL, the Mexican construction giant also owns five per cent of the Jamaican cement operation through Scancem International.

Source:
Tameka Gordon
tameka.gordon@gleanerjm.com
Jamaica Gleaner
Saturday April 25, 2015

http://jamaica-gleaner.com/article/business/20150425/cemex-executive-run-caribbean-cement