Cemex, S.A.B. de C.V. announced several changes to its senior level organization, effective Jan. 1, 2016. The new appointments consist of current executive committee members that have had significant international operating management experience.

Karl H. Watson Jr., current president of Cemex USA, will leave the company effective Jan. 1 and will be succeeded by Ignacio Madridejos Fernández. Watson Jr. will be retained by Cemex in an advisory capacity until June 30, 2016.

Juan Romero Torres was appointed president of Cemex Mexico; Jaime Muguiro Domínguez, president of Cemex South, Central America and the Caribbean; Jaime Gerardo Elizondo Chapa, president of the new Cemex Europe, which integrates all operations in Europe including Spain and Croatia; and Joaquín Miguel Estrada Suárez, president of Cemex Asia, Middle East and Africa. The existing Asia region will now include Cemex´s Middle East and Africa operations.

All other executive vice presidents that head corporate staff functions, which report to Cemex’s CEO Fernando A. Gonzalez, will remain unchanged.

“I have the greatest confidence in our management team and our entire workforce. Our greatest asset is the talent and dedication of everyone at Cemex, and I am very excited about the outlook for our business,” said Gonzalez.

The company’s senior management has a track record of operating diverse businesses throughout Cemex’s value chain in emerging and developed economies globally. By rotating managers from one region to another, Cemex can increase their diversity of experience and knowledge of the company’s operations, which allows Cemex to operate its business more effectively and obtain the best use of its assets.

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