Holcim Shareholders approve all proposals at 2024 Annual General Meeting
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Holcim Group Services Ltd / Key word(s): Miscellaneous
Holcim Shareholders approve all proposals at 2024 Annual General
Meeting
08.05.2024 / 12:15 CET/CEST
____________________________________________________________
Holcim's 2024 Annual General Meeting took place at the Bossard
Arena in Zug today. Shareholders approved all of the Board of
Directors' proposals, including the proposed 12% increase in
dividend to CHF 2.80 per registered share of Holcim Ltd, which
will be paid out of capital contribution reserves and is not
subject to Swiss withholding tax.
All members of the Board have been re-elected. Catrin Hinkel and
Michael H. McGarry have been elected as new members. The Board of
Directors now consists of the following members: Jan Jenisch
(Chairman), Hanne Sørensen (Vice Chairwoman and Lead Independent
Director), Philippe Block, Kim Fausing, Leanne Geale, Catrin
Hinkel, Naina Lal Kidwai, Ilias Läber, Michael H. McGarry, Jürg
Oleas, and Claudia Sender Ramirez.
Shareholders confirmed the following members of the Nomination,
Compensation & Governance Committee: Ilias Läber, Jürg Oleas,
Claudia Sender Ramirez and Hanne Sørensen. Michael H. McGarry was
newly elected to the Nomination, Compensation & Governance
Committee. Ms. Sørensen will continue to serve as Chairwoman of
the Committee.
Shareholders approved the annual report and annual financial
statements of the Group and of Holcim Ltd. They also approved the
compensation report, the Group's third climate report, and the
report on non-financial matters in advisory votes. In two
separate binding votes shareholders approved the maximum overall
amount of compensation to be paid to members of the Board for the
period between the 2024 and 2025 Annual General Meetings as well
as the total maximum amount of compensation to be paid to members
of the Executive Committee for the 2025 financial year.
Ernst & Young Ltd has been appointed as auditors for the
financial year 2024.
The full results of the Annual General Meeting and speeches from
the Chairman, CEO and CFO are available here.
About Holcim
Holcim is a global leader in innovative and sustainable building
solutions with net sales of CHF 27.0 billion in 2023. Driven by
our purpose to build progress for people and the planet, our
63,448 employees are on a mission to decarbonize building, while
improving living standards for all. We empower our customers
across all regions to build better with less, with a broad range
of low-carbon and circular solutions, from ECOPact and ECOPlanet
to our circular technology platform ECOCycle®. Through innovative
systems, from Elevate roofing to PRB insulation, Holcim makes
buildings more sustainable in use, driving energy efficiency and
green retrofitting. With sustainability at the core of our
strategy, we are on the way to becoming a net-zero company with
1.5C targets validated by SBTi.
Learn more about Holcim on www.holcim.com, and by following us on
LinkedIn.
Sign up for Holcim's Building Progress newsletter here and follow
our journey to a net-zero future.
Important disclaimer - forward-looking statements:
This document contains forward-looking statements. Such
forward-looking statements do not constitute forecasts regarding
results or any other performance indicator, but rather trends or
targets, as the case may be, including with respect to plans,
initiatives, events, products, solutions and services, their
development and potential. Although Holcim believes that the
expectations reflected in such forward-looking statements are
based on reasonable assumptions as at the time of publishing this
document, investors are cautioned that these statements are not
guarantees of future performance. Actual results may differ
materially from the forward-looking statements as a result of a
number of risks and uncertainties, many of which are difficult to
predict and generally beyond the control of Holcim, including but
not limited to the risks described in the Holcim's annual report
available on its website (www.holcim.com) and uncertainties
related to the market conditions and the implementation of our
plans. Accordingly, we caution you against relying on
forward-looking statements. Holcim does not undertake to provide
updates of these forward-looking statements.
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End of Media Release
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1898821 08.05.2024 CET/CEST