Cement maker LafargeHolcim on Monday said Geraldine Picaud from French optics maker Essilor International would replace CFO Ron Wirahadiraksa next year.
Picaud will take over on February 1, 2018. Wirahadiraksa, who joined LafargeHolcim from Philips in December 2015, is leaving to pursue opportunities outside the group, LafargeHolcim said.
Wirahadiraksa made a presentation last month that prompted some analysts to raise flags about his “bearish” tone and the disclosure of share price sensitive information, thus prompting a fall in the share price.
A LafargeHolcim spokesman said Wirahadiraksa’s exit was not linked to the sell-side conference or analyst criticism of the company’s disclosures to investors.
“With a track record in delivering business results and restructuring within complex global business environments, she is the ideal person to join our executive team and drive the next phase of growth in the company,” LafargeHolcim CE Jan Jenisch said of Picaud’s appointment in a statement.