ZURICH (Reuters) – Holcim chief executive Jan Jenisch will become the company’s next chairman, the world’s biggest cement maker said on Friday, after it posted recurring operating profit that beat forecasts for 2022.

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The group’s annual recurring operating profit rose 3% to 4.75 billion Swiss francs (4.80 billion euros), beating forecasts of 4.68 billion francs in a consensus collected by the company to analysts.

The Swiss company said it would nominate Jan Jenisch, the group’s chief executive since 2017, as the next chairman to succeed Beat Hess, who has decided to step down.

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Jan Jenisch will continue to serve as chief executive and chairman “for a limited time,” Holcim said.

“The Board sees this dual tenure as a transition period to safeguard Holcim’s current transformation and the rapid execution of its 2025 strategy,” the group said.

“This dual term is for a limited period and the CEO’s successor will be announced within the next 12 months,” he added.

Holcim will entrust Hanne Sorenson, the company’s vice president, with the new role of lead independent director to ensure appropriate checks and balances while Jenisch fills both roles, the company said.

The appointments come after a year that saw Holcim increase sales by 8.8% to 29.2 billion francs, in line with forecasts.

Holcim also said it expects sales to grow in 2023 by 3% to 5% on a like-for-like basis – which excludes the impact of foreign exchange and acquisitions – as well as faster growth in operating profit. recurrent.

(Report John Revill, Written by Rachel More; Dagmarah Mackos, edited by Blandine Hénault)

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