Change of generation in cement industry: Holcim's Wirth hands over power, as did Rohan
Markus Wirth, who runs the local subsidiary of Swiss group
Holcim, one of the three "heavyweights" of the cement industry,
alongside Carpatcement and Lafarge, will at the end of March hand
over reins to Daniel Bach, 47, who previously served as
vice-president of the Holcim subsidiary in the Philippines.
Swiss Markus Wirth, 62, leaves the management of cement producer
Holcim Romania on a rather optimistic note, saying in the second
half of the year there are chances that the Romanian economy as a
whole, as well as the construction sector in particular, will be
revived.
"After four consecutive half years of recession, it is very likely
that in the first half of 2011 we will still be in recession, but I
think the crisis is close to bottoming out. As for the construction
sector, there are signals it will rebound, mainly because of
infrastructure contracts being put up for tender," Wirth told ZF in
an interview.
He is the second executive in the cement industry to announce his
departure from the company he has led in the last few years, after
on January 1st Mihai Rohan, the most experienced Romanian manager
on this market, left the management of Carpatcement Holding, the
local subsidiary of Heidelberg. Both will remain in the boards of
directors of the cement producers.