LafargeHolcim Hires Sika Head Jenisch as New CEO; No Impact to Forecasts or FVE
LafargeHolcim CEO Eric Olsen announced his resignation last month as the company attempts to move past the controversy surrounding its former Syria operations. On May 22, the company announced that current Sika CEO Jan Jenisch will replace Olsen effective Oct. 16.We think the hiring of Jenisch makes sense. While Sika is a specialty chemical company, its products primarily go to the construction and automotive sectors. Having been with Sika for 21 years and serving as CEO since 2012, Jenisch has...
LafargeHolcim is a producer of cement and aggregates. Co. also supplies ready-mix concrete, concrete products, asphalt and a range of services. Co. operates through three segments: cement, aggregates, and other construction materials and services. Co.'s cement segment provides a range of cementitious materials and also develops customized blends for special applications. Through its aggregates segment, Co. produces aggregates which include crushed stone, gravel and sand mainly used in the manufacture of ready-mix concrete, concrete products and asphalt, as well as for road building and railway tracks, with production centered on quarrying, preparing and sorting the raw material.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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