Kindler will take over from current CFO Géraldine Picaud, who has decided to pursue other opportunities outside the company. Ensuring a smooth transition, Picaud will oversee the completion of Holcim's 2022 annual results and conduct a thorough handover.
Steffen Kindler joins Holcim from Nestlé, where he held positions of increasing responsibility over the past 25 years, most recently serving as CFO for Nestlé Germany. His broad experience spans key business roles, including vice president of finance and control of Nestlé Beverages USA, based in Los Angeles; chief financial officer of Nestlé Waters Europe, based in Paris; and responsibility for Nestlé Beverages USA business development, based in the New York Metropolitan area. In addition, Kindler held roles of global responsibility for key corporate functions such as investor relations and mergers and acquisitions based in Vevey. Building on his successful track record, Kindler is well-positioned to lead Holcim to its next level of financial performance.
Géraldine Picaud joined Holcim as CFO and executive committee member in 2018. She played an instrumental role in building Holcim's strong financial position while supporting the company's ongoing transformation. Under her leadership, the finance function capitalised on Holcim's strong growth and record results to deliver a strong balance sheet and shareholder returns while leading the integration of sustainability into Group finance.
Jan Jenisch, Holcim CEO, said: "I personally thank Géraldine for her commitment and contributions to Holcim over the past five years. The solid foundations you see today – especially Holcim's strong balance sheet, solid credit ratings and integration of sustainable finance – are all testimony to her leadership. I wish her much continued success in her future endeavours.
"I am excited to welcome Steffen Kindler to the team. With his vast financial expertise and geographic experience, I am confident he will fit in well with Holcim's performance-driven culture. Steffen is an ideal partner to contribute to our continued success as we become the global leader in innovative and sustainable building solutions, with a focus on superior value creation for all our stakeholders."