New chief executive for Holcim

Holcim’s long-serving chief executive Markus Akermann will retire early next year and be replaced by newcomer to the cement industry Bernard Fontana, head of stainless steel producer Aperam.

Fontana, 50, who once worked for steel maker ArcelorMittal and since 2010 has headed its recently spun off Aperam unit, will take up his post at the world’s second-largest cement maker in February.