In continuation of the announcement on 23 August 2013 concerning the stopped sales process of the Cembrit Group and the implementation of an improvement programme, it has been decided to restructure and strengthen the Cembrit management. From 1 October, 2013, Martin Jermiin has been appointed new president & CEO of the Cembrit Group, which is owned by FLSmidth. Martin Jermiin was formerly partner at McKinsey & Company where he has been employed since 2003.
In continuation of the announcement on 23 August 2013 concerning the stopped sales process of the Cembrit Group and the implementation of an improvement programme, it has been decided to restructure and strengthen the Cembrit management.
From 1 October, 2013, Martin Jermiin has been appointed new president & CEO of the Cembrit Group, which is owned by FLSmidth. Martin Jermiin was formerly partner at McKinsey & Company where he has been employed since 2003.
Jørgen Jacobsen, current president and CEO of the Cembrit Group, will take up a new position as group business development director. He will also continue as part of Cembrit Group management.
Following the appointment of a new president and CEO, a process with the purpose of appointing an independent board of directors with in-depth industry experience will be started.
FLSmidth will develop Cembrit as a stand-alone business, including optimising the production facilities, developing the product portfolio and further optimising the cost structure in order for Cembrit to retain its position as a leading distributor and producer of fibre cement products in Europe.
