Management Change at Holcim

23 January 2007

Rex Williams, Managing Director of Holcim (New Zealand) Ltd, has today announced his intention to retire on 30 May 2007.

Rex has been Managing Director of Holcim New Zealand since 1998, capping a career with the company both in New Zealand and overseas spanning 27 years and including engineering and sales roles.

Over that time he has made a significant contribution to the growth and reputation of Holcim both within New Zealand and internationally. He has overseen the transition to 100% Holcim ownership of the company (formerly Milburn New Zealand Ltd); growth of the aggregates and concrete division particularly through joint venture partnerships; improvements in cement production and distribution facilities to address increased market demand; the move of the company's lime division into exporting; and a strong focus on sustainable development which has seen the company achieve ISO14001 accreditation for all sites, undertake a large scale "Zero Harm" health and safety programme, and contribute to climate change debate.

Rex Williams' successor is Jeremy Smith, who has been General Manager of Holcim Cement since 2003. Jeremy first joined Holcim New Zealand as General Manager of the company's lime division in 2001. A qualified solicitor, Jeremy worked with Anthony Harper Barristers and Solicitors before moving into executive management roles with Eskimo Logistics Group.

In announcing the change, Board Chairman John Lindsay has expressed his appreciation to Rex Williams for the contribution he has made to the growth and success of Holcim New Zealand.

Holcim (New Zealand) Ltd is a leading New Zealand supplier of cement, aggregates, ready mixed concrete and lime. Its involvement in the New Zealand building industry dates back to 1888, and today it operates more than 35 sites and employs approximately 530 people. It is part of the Holcim Group, one of the world's leading suppliers of cement, aggregates and construction-related services represented in over 70 countries on all continents.