building a STRONGER foundation - Cemex

Name, Position (Age) Experience
Jaime Gerardo Elizondo Chapa,
President CEMEX South America and the
Caribbean (47)
Joaquin Miguel Estrada Suarez,
President, CEMEX Asia (47)
Francisco Garza,
Vice Chairman of the Board of CEMEX
Mexico, Chairman of CEMEX Latin
America Advisory Board and Advisor to
the CEO on Institutional Relations (56)
Rafael Garza Lozano,
Chief Accounting Officer (47)
Fernando A. González Olivieri,
Executive Vice President of Finance and
Administration and Chief Financial
Officer (56)
Mr. Zambrano is a first cousin of Lorenzo Milmo Zambrano and Rogelio Zambrano
Lozano, both members of our board of directors, He is also a second cousin of Roberto
Luis Zambrano Villarreal and second uncle of Tomas Milmo Santos, both members of
our board of directors.
Joined CEMEX in 1985 and since then he has headed several operations, including
Panama, Colombia, Venezuela, and, more recently, Mexico. He is the current President of
CEMEX South America (including Central America) and the Caribbean, and is also in
charge of the company’s global Procurement area. Mr. Elizondo has served as a member
of the board of directors of Cementos Chihuahua, president and vice-president of the
Cement National Chamber (Camara Nacional del Cemento) and president of the
Transformation Industry of Nuevo León Chamber (Camara de la Industria de la
Transformación de Nuevo León). He graduated with a BS and an MBA from ITESM.
Joined CEMEX in 1992 and has held several executive positions, including head of
operations in Egypt and Spain, as well as of Trading for Europe, the Middle East, and
Asia. He is currently President of CEMEX Asia, and is also responsible for the
company’s global Trading area. From 2008 to 2011 he served as a member of the board
of directors of COMAC (Comercial de Materiales de la Construcción S.L.), president and
member of the board of OFICEMEN (Agrupación de Fabricantes de Cemento de España),
and member of the board of IECA (Instituto Español del Cemento y sus Aplicaciones), he
was also the president of CEMA (Fundación Laboral del Cemento y el Medioambiente)
from 2010 to 2011. He graduated with a degree in economics from the University of
Zaragoza and holds an MBA from the Instituto de Empresa.
Joined CEMEX in 1988 and has served as director of trading from 1988 to 1992,
president of CEMEX USA from 1992 to 1994, president of CEMEX Venezuela from
1994 to 1996 and Cemento Bayano from 1995 to 1996, president of CEMEX Mexico and
CEMEX USA from 1996 to 1998, president of the North American region and trading
from 1998 to 2009 and in 2009 he was appointed president of the Americas region. In
2011, he was appointed Vice Chairman of the Board of CEMEX Mexico, Chairman of
CEMEX Latin America Advisory Board and Advisor to the CEO on Institutional
Relations. He is a graduate in business administration from ITESM and has an M.B.A.
from the Johnson School of Management at Cornell University in 1982. See “Item 5 —
Operating and Financial Review and Prospects — Recent Developments — Recent
Developments Relating to Changes in Our Senior Management Team.”
Joined CEMEX in 1985 and has served as chief accounting officer since 1999. Mr. Garza
is a certified public accountant and received a master’s degree in administration and
finance from ITESM. He also attended executive programs at ITAM, IPADE and Harvard
University. He is currently member of the boards of directors of Consejo Mexicano para
la Investigación y Desarrollo de Normas de Información Financiera, or CINIF, of
Universidad Regiomontana, A.C., and of Grupo Cementos Chihuahua, S.A.B. de C.V.
Joined CEMEX in 1989, and has served as corporate vice-president of strategic planning
from 1994 to 1998, president of CEMEX Venezuela from 1998 to 2000, president of
CEMEX Asia from 2000 to May 2003, and president of the South American and
Caribbean region from May 2003 to February 2005. In March 2005, he was appointed
president of the expanded European Region, in February 2007, President of the Europe,
Middle East, Africa, Asia and Australia Region, and in May 2009, executive vice
president of planning and development. In February 2010, Mr. Gonzalez was appointed
Executive Vice President of Planning and Finance and in 2011 he was appointed Chief
Financial Officer. Mr. González earned his B.A. and M.B.A. degrees from ITESM.
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