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Lafarge UK/Tarmac JV appoints Chairman, CEO and CFO

Lafarge SA and Anglo American plc announce the appointments of their 50:50 UK joint-venture's Chairman, CEO and CFO.

Jamie Pike is appointed as Non-Executive Chairman, Cyrille Ragoucy as CEO and Guy Young as CFO of the joint-venture which will combine Tarmac's and Lafarge's cement, aggregates, ready-mixed concrete, asphalt and asphalt surfacing and maintenance services, and waste services businesses in the United Kingdom.

The appointments are subject to the completion of the joint-venture and it is anticipated that the joint-venture will commence operations in early 2013 once final clearance is received from the Competition Commission.

The joint-venture creates a leading UK construction materials company, with a portfolio of high quality assets drawing on the complementary geographical distribution of operations and assets, the skills of two experienced management teams and a portfolio of well-known and innovative brands. The joint-venture's complementary geographical and product portfolios are also expected to create a business optimally positioned to benefit from economic recovery.



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