Building & Construction equity research

Explore the most viewed and latest equity research and media content for companies within the Building & Construction sector. Stocks in this sector provide goods such as construction materials and offer services from contractors.

Building & Construction equity research

Explore the most viewed and latest equity research and media content for companies within the Building & Construction sector. Stocks in this sector provide goods such as construction materials and offer services from contractors.

Latest Content

CEO, Eric Olsen, pushed to resign by the board

  • 24 Apr 17

Chief Executive Officer Eric Olsen stepped down on Monday, 24 April 2017, amid growing controversy about past handling of operations at a plant in Syria. Eric Olsen will leave on 15 July 2017, two years after taking up his role and assuming responsibility for successfully implementing the merger of Lafarge and Holcim. No replacement has been announced yet. The departure of Olsen comes after LafargeHolcim said in March that an internal investigation found “significant errors of judgement” after money was paid to armed Syrian groups to keep a cement plant operating in the country. The payments were made by Lafarge SA, the French company which merged with Switzerland’s Holcim in July 2015. Olsen took the role of CEO when the companies combined, moving from Lafarge where he was executive vice president of operations. ”My decision is driven by my conviction that it will contribute to addressing strong tensions that have recently arisen around the Syrian case. While I was absolutely not involved in, nor even aware of, any wrong doing I believe my departure will contribute to bringing back serenity to a company that has been exposed for months on this case,” said Eric Olsen, CEO. This happens despite the company’s board concluding he was not responsible for the Syrian scandal. The pressure from the board underlines an internal cultural war between legacy Holcim and legacy Lafarge, in our opinion.

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