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MONTERREY, Mexico - Cemex S.A.B. de C.V. (NYSE: CX), a global construction materials company with annual revenues of $16.2 billion and a market capitalization of $9.7 billion, has announced a series of high-level executive changes set to take effect on April 1, 2025. The reshuffle follows the retirement of Fernando Gonzalez as CEO and the appointment of Jaime Muguiro as his successor. According to InvestingPro data, the company maintains a FAIR financial health score, positioning it well for this leadership transition.
Jesus Gonzalez, who currently serves as President of Cemex South, Central America, and the Caribbean, will assume the role of President of Cemex USA. Sergio Menendez, now President of Cemex Europe, Middle East, and Africa, has been appointed President of Cemex Mexico. Jose Antonio Cabrera, formerly President of Cemex Dominican Republic and Puerto Rico, will take over as President of Cemex Europe, Middle East, and Africa.
Additionally, Alejandro Ramirez, the current President of Cemex Colombia and Peru, has been appointed President of Cemex South, Central America, and the Caribbean. Ricardo Naya, presently President of Cemex Mexico, will transition to the role of Executive Vice President of Sustainability and Operations Development.
These executive movements reflect Cemex’s commitment to leadership development and aim to ensure continued organizational success. The company is known for its focus on sustainable products and solutions, striving for carbon neutrality through innovation and industry-leading research and development. Cemex is also recognized for its efforts in the circular economy within the construction value chain, seeking to increase the use of waste and residues as alternative raw materials and fuels in its operations.
The company offers a range of products including cement, ready-mix concrete, aggregates, and urbanization solutions, catering to growing markets around the world. It prides itself on a multinational workforce dedicated to providing a superior customer experience, enabled by digital technologies.
This news is based on a press release statement and reflects the company’s current plans, which are subject to change. Cemex has not provided any guidance on how these leadership changes might affect its operations or financial performance. The information presented here does not constitute legal, tax, investment, financial, or other advice.
In other recent news, CEMEX S.A.B. de C.V. has announced its upcoming Ordinary General Shareholders’ Meeting and Extraordinary General Shareholders’ Meeting, both set to occur on March 25, 2025. The company has also completed the sale of its operations in the Dominican Republic to Cementos Progreso Holdings, S.L. for $950 million, part of its ongoing efforts to optimize its asset portfolio. Additionally, CEMEX reported unusual trading activity of its stock, stating it had no knowledge of the reasons behind the significant fluctuations.
RBC Capital recently downgraded CEMEX’s stock from Sector Perform to Underperform due to potential trade risks. The company also announced it will be paying the third installment of its 2024 cash dividend to shareholders, amounting to $30 million in total. These recent developments underline the dynamic nature of CEMEX’s operational and financial activities.
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