Cemex Announces Leadership Transition as CEO Fernando A. González Retires

Jaime Muguiro to Take the Helm, Ushering in a New Era for the Global Cement Giant

Cemex, a global leader in the building materials industry, has announced a major leadership transition as CEO Fernando A. González prepares to retire after an illustrious career spanning over 35 years. The company’s Board of Directors has appointed Jaime Muguiro as his successor, with the transition set to take effect on April 1, 2025.

A Legacy of Transformation and Growth

Rogelio Zambrano, Chairman of Cemex’s Board of Directors, expressed deep gratitude for González’s decade-long tenure as CEO, acknowledging his role in shaping the company’s trajectory. Under González’s leadership, Cemex underwent a remarkable transformation, strengthening its position as an industry leader in sustainability, innovation, and digitalization. His strategic vision also played a crucial role in restoring the company’s investment-grade ratings, reinforcing Cemex’s financial stability.

Reflecting on his journey with Cemex, González described his time at the company—especially his years as CEO—as the most fulfilling period of his professional life. He expressed appreciation for the trust and support extended by the Board and emphasized his pride in Cemex’s advancements within the building materials sector. Having worked closely with Muguiro for over two decades, he voiced strong confidence in his successor’s ability to lead the company into the future.

Jaime Muguiro: A Leader Poised for the Future

Jaime Muguiro, a seasoned Cemex executive, has been an integral part of the company since 1996. Over the years, he has held key leadership roles across multiple business segments, including Strategic Planning, Business Development, Ready-Mix Concrete, Aggregates, and Human Resources. His extensive experience in managing regional operations—spanning the Mediterranean, South and Central America, and the Caribbean—has positioned him as a dynamic leader within the organization.

Most recently, Muguiro served as President of Cemex in the United States, where he played a vital role in driving operational success. Prior to that, he was CEO of Cemex Latam Holdings, a publicly listed company. His diverse experience and strategic acumen make him well-equipped to lead Cemex into its next phase of growth and innovation.

Expressing his gratitude for the opportunity, Muguiro acknowledged the inspiration he has drawn from González’s leadership. He emphasized his commitment to working closely with customers, employees, and stakeholders to advance sustainable construction and steer Cemex toward a new era of innovation and excellence.

As Cemex embarks on this leadership transition, the company remains poised for continued success, with a steadfast commitment to sustainability, technological advancement, and value creation for all stakeholders.