CEMEX Holdings Philippines appoints new President and CEO

CEMEX Holdings Philippines Inc. (CHP) confirmed the appointment of Luis Guillermo Franco Carrillo as new President and CEO effective on June 1, 2022.

Luis Franco, who served as Builders Segment Vice President for CEMEX Mexico, will take on the position left by Ignacio Mijares who will now lead Corporate Strategic Planning at the CEMEX central office.

Luis brings more than 23 years of experience with CEMEX having joined the company in 1999. Prior to his assignment to the Philippines, Luis had previous appointments to key positions in CEMEX’s operations in the United Kingdom, Hungary and his home country, Mexico.

Luis finished his bachelor’s degree in Chemical Engineering from Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM) and obtained a master’s degree in Business Administration (MBA) from the Stanford Graduate School of Business.

Following his appointment as President and CEO of CHP, Luis vowed to focus on pivotal strategic areas of the CEMEX Philippines’ operations. “In the years to come, we will work toward ensuring we keep our focus on our priorities including Health and Safety, Customer Centricity, Innovation, Sustainability and Growth,” Franco said.

CHP, a listed company on the Philippine Stock Exchange, is one of the leading cement producers in the Philippines, based on annual installed capacity. CHP produces and markets cement and other building materials in the Philippines through direct sales using its extensive marine and land distribution network. Moreover, CHP’s cement manufacturing subsidiaries have been operating in the Philippines with well-established brands, such as "APO," "Island," and "Rizal," all having a multi-decade history in the country.

For more information on CHP, please visit: www.cemexholdingsphilippines.com

CHP is an indirect subsidiary of CEMEX, S.A.B. de C.V. (“CEMEX”), a global construction materials company that is building a better future through sustainable products and solutions. CEMEX is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. CEMEX is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the use of new technologies. CEMEX offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience, enabled by digital technologies. The shares of CEMEX are listed on the Mexican Stock Exchange and the New York Stock Exchange. For more information please visit: www.cemex.com