Holcim shareholders approve spinoff of North American business, complain about chairman's hefty compensation

From Yahoo Finance: 2025-05-14 05:01:00

Holcim shareholders approve spinoff of North American business Amrize, focused on US construction. Shareholders to receive 100% of new company’s shares, listing on NYSE and Six Swiss Exchange. Amrize largest cement producer in US, Canada, with $1.3B net income in 2024. New CEO Kim Fausing appointed. Former CEO’s $57.24M compensation package criticized but approved by majority of shareholders.

Read more: Holcim shareholders approve spinoff, grumble over chairman’s pay