Holcim names Amrize leaders

Holcim has named the leadership team for Amrize, its future North American business, as it prepares to spin off the division and list it on the US stock market by mid-2025.

The announcement comes ahead of Amrize’s investor day event in New York, where it will set out its business strategy, financial targets and investment plans. The company, which will operate over 1,000 sites across the United States and Canada, aims to become the largest building solutions firm focused solely on the North American market.

Jan Jenisch, currently Holcim’s chairman, will also take on the role of Amrize chairman and chief executive. “With our track record of profitable growth, strong financial position, market-leading operations and broad range of advanced building solutions, we aim to be the partner of choice for our customers and to unlock value for all our stakeholders,” he said.

The rest of the Amrize executive team includes:

• Ian Johnston, chief financial officer – currently CFO of Holcim North America.
• Jaime Hill, president of building materials – currently regional head of Holcim North America.
• Jake Gosa, president of building envelope – formerly CCO at Beacon Building Products.
• Nollaig Forrest, chief marketing and corporate affairs officer – currently Holcim’s chief sustainability officer.
• Steve Clark, chief people officer – previously with Gainwell Technologies and H.J Heinz.
• Denise Singleton, chief legal officer and corporate secretary – formerly at WestRock Company and IDEX.
• Sam Poletti, chief strategy and M&A officer – currently Holcim’s global head of M&A.
• Mario Gross, chief supply chain officer – currently COO of Holcim Building Envelope.
• Roald Brouwer, chief technology officer – currently Holcim’s head of decarbonisation.

Amrize plans to focus entirely on the North American market, which sees around $2 trillion (£1.58 trillion) in annual construction spending. The company’s footprint, including mineral reserves and logistics networks, is intended to support future growth in infrastructure, residential, and commercial sectors.

According to Holcim, Amrize delivered $11.7 billion (£9.24 billion) in revenue in 2024, with a compound annual growth rate (CAGR) of 13% since 2021. It also achieved $3.2 billion (£2.53 billion) in adjusted EBITDA, a 16% CAGR, and $1.7 billion (£1.34 billion) in free cash flow.

Looking ahead, Amrize has set mid-term targets including revenue growth of 5% to 8% per year, EBITDA growth of 8% to 11%, and cumulative free cash flow of over $8 billion (£6.32 billion) between 2025 and 2028.

Amrize has already secured financing for the spin-off, including a $5.1 billion (£4.03 billion) bridge loan and a $2 billion (£1.58 billion) committed credit facility. The business is expected to receive an investment-grade credit rating, with S&P and Moody’s both projecting stable outlooks.

The investor day webcast and further materials are available through Holcim’s investor website.