Holcim shareholders approved the board of directors’ proposals at its Annual General Meeting May 14 in Zug, Switzerland, including a 99.75% vote in favor of the planned spin-off of Holcim’s North American business, which will be named Amrize.
Shareholders approved the proposed special distribution by way of a dividend-in-kind of one Amrize Ltd share for every Holcim Ltd share to effect the spin-off. The shares of Amrize Ltd are expected to be listed on the New York Stock Exchange and on the SIX Swiss Exchange under the ticker symbol “AMRZ” in June.
Following the spin-off, Amrize will be the largest building solutions company focused exclusively on the North American market with 1,000 operational sites and more than 19,000 employees.
Kim Fausing was elected as chairman of the Holcim board of directors, taking over from Jan Jenisch, who is designated chairman and CEO of Amrize.
