The Greece-headquartered Group said that Cobuz's recruitment would help accelerate its work on carbon neutrality and a digitalised value chain while also opening new growth avenues.
Cobuz will succeed Dimitri Papalexopoulos as chairman of the executive committee as of 15 October 2022. Papalexopoulos will assume the position of chairman of Titan Cement Group's Board of Directors, succeeding Takis Arapoglou on 1 January 2023.
A French and Romanian national, Cobuz has more than 20 years of experience in the building and infrastructure materials industry and has served in various leadership, innovation and transformation roles with Lafarge and Holcim, including LafargeHolcim Europe CEO and executive committee member.
"The decision of our Board of Directors marks a very significant and positive milestone for Titan Cement International and its shareholders," said Arapoglou. "The Board and I look forward to working with Dimitri and Marcel to oversee the leadership transition at both the Board and the Executive level."
Under the leadership of Papalexopoulos, Titan expanded internationally, strengthened its culture of operational excellence and achieved significant progress in decarbonisation and digitalisation. Commenting on the appointment, Papalexopoulos said: "I look forward to working with Marcel as we accelerate our strategy execution. I am confident that, with his broad international and industry-specific experience, Marcel will successfully drive commercial and operational excellence, pursue our strategic and sustainability goals and leverage the many growth opportunities that lie ahead."
"I am truly honoured to join TITAN and lead this outstanding company into the future, at an exciting time for this industry," said Cobuz, adding: "Titan, founded on strong family values and building on 120 years of dynamic development and internationalisation, is exceptionally well-positioned to capitalise on profitable growth opportunities in several end markets, including infrastructure, building renovation, and green solutions. I look forward to working with Dimitri, the Board and the talented Titan team to create sustainable value for our shareholders and stakeholders."