Trinidad Cement Ltd. (TCL) has tapped another Cemex executive – Jose Luis Seijo – as its new CEO, reported The Gleaner.

 

Seijo, who was named head of TCL on May 4, was previously Cemex’s regional head of strategic and financial planning for Spain and the Mediterranean. His previous roles included Mexico – corporate strategic planning; Israel – chief financial officer; Bangladesh – chief executive officer; and Latvia – chief executive officer.

Seijo’s appointment relieved another Cemex executive and TCL board member, Alejandro Ramirez Cantu, of his acting role as head of the Trinidad operation. Ramirez was appointed as interim head last August following the forced departure of Dr. Rollin Bertrand who was let go after a takeover of the TCL board by minority shareholders.

“With TCL’s financial restructuring near completion, Seijo’s focus will be on value creation for the company and its stakeholders,” TCL said in a statement.

Seijo in turn said he would focus on increasing capacity and market growth: “The TCL Group has huge potentia. My immediate job is to tap into all our resources – essentially to mobilize the skills of our workforce against a backdrop of improved operational efficiencies and prudent investments to ensure a sustainable future.”

Cemex is the largest owner of TCL with 39.5 percent holdings, through subsidiary Sierra Trading.

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