As announced on February 27, 2003, the positions of Chairman and Chief Executive Officer of Lafarge will be separated after the next Annual General Meeting on May 20, 2003. Bertrand Collomb will remain Chairman, while Bernard Kasriel, as Chief Executive Officer, will be in charge of the Group's management.
Today Bertrand Collomb announced that on the same day he will propose to the Board of Directors the appointment as Chief Operating Officer of Bruno Lafont. Bruno Lafont will thus join the Direction Générale along with Michel Rose, currently already Chief Operating Officer.
Bertrand Collomb said: "This promotion of an experienced manager of the Group to reinforce the Direction Générale shows the solidity and solidarity of our teams to lead our future successes."
Bruno Lafont, 47 year-old, joined Lafarge in 1983 and spent all his carrier in the Group. Financial Director and Development Director of the Sanitaryware Division, he then managed cement and concrete & aggregates operations in Turkey and Mediterranean zone (1990-1994). Executive Vice President, Finance from 1994 to 1998, Bruno Lafont has been Executive Vice President, Gypsum since 1998.
Lafarge is the world leader in building materials, and employs 77,000 people in 75 countries. The Group holds top-ranking positions in all four of its Divisions: Cement, Aggregates & Concrete, Roofing and Gypsum. Lafarge posted sales of €14.6 billion in 2002.
Statements made in this press release that are not historical facts are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions ("Factors") which are difficult to predict. Some of the Factors that could cause actual results to differ materially from those expressed in the forward-looking statements include, but are not limited to: the cyclical nature of the Company's business; national and regional economic conditions in the countries in which the Group does business; currency fluctuations; seasonality of the Company's operations; levels of construction spending in major markets; supply/demand structure of the industry; competition from new or existing competitors; unfavorable weather conditions during peak construction periods; changes in and implementation of environmental and other governmental regulations; our ability to successfully identify, complete and efficiently integrate acquisitions; our ability to successfully penetrate new markets; and other Factors disclosed in the Company's Reference Document filed with the French COB under the reference number D.03-0375, and its annual report on Form 20-F filed with the Securities and Exchange Commission in the USA. In general, the Company is subject to the risks and uncertainties of the construction industry and of doing business throughout the world. The forward-looking statements are made as of this date and the Company undertakes no obligation to update them, whether as a result of new information, future events or otherwise.