Directorate Change
28 February 2003 - 9:37PM
UK Regulatory
RNS Number:0483I
Lafarge
27 February 2003
PRESS RELEASE
Euronext: LG, NYSE: LR Paris, February 27, 2003
NEW ORGANISATION OF SENIOR MANAGEMENT AT LAFARGE:
* Bertrand Collomb: Chairman
* Bernard Kasriel: Chief Executive Officer
At a meeting held on February 26, 2003, the Board of Directors of the Lafarge
Group decided, upon proposal by the Chairman and CEO, Bertrand Collomb, to
separate the positions of Chairman and Chief Executive Officer as it is now made
possible by the Law on New Economic Regulations introduced in 2002. The Board
has further decided that from May 20, 2003 date of the Annual General Meeting,
Bertrand Collomb will be Chairman and Bernard Kasriel will be Chief Executive
Officer.
During the meeting Bertrand Collomb told the Board: "The appointment of Bernard
Kasriel shows the continuity in the Group's organization in line with its
tradition. His in-depth knowledge and experience of our industries combined with
his recognized leadership skills will enable him to manage the Group with
efficiency and to build its future. We have been working closely together since
1989 and we will continue to do so in this new configuration".
PRESS CONTACTS: INVESTOR RELATIONS:
Veronique Doux: (+33) 1 4434 1947 James Palmer: (+33) 1 4434 1126
veronique.doux@lafarge.com james.palmer@lafarge.com
Daniele Daouphars: (+33) 1 4434 1151
daniele.daouphars@lafarge.com
Statements made in this press release that are not historical facts an
forward-looking statements made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. These statements are not
guarantees of future performance and involve risks, uncertainties and
assumptions ("Factors") which are difficult to predict. Some of the Factors that
could cause actual results to differ materially from those expressed in the
forward-looking statements include, but are not limited to: the cyclical nature
of the Company's business; national and regional economic conditions in the
countries in which the Group does business; currency fluctuations; seasonality
of the Company's operations; levels of construction spending in major markets;
supply/demand structure of the industry; competition from new or existing
competitors; unfavorable weather conditions during peak construction periods;
changes in and implementation of environmental and other governmental
regulations; our ability to successfully identify, complete and efficiently
integrate acquisitions; our ability to successfully penetrate new markets; and
other Factors disclosed in the Company's Reference Document filed with the
French COB under the reference number D02-162 and updated under the reference
number D02-162/A1, and its annual report on Form 20-F filed with the Securities
and Exchange Commission in the USA. In general, the Company is subject to the
risks and uncertainties of the construction industry and of doing business
throughout the world. The forward-looking statements are made as of this date
and the Company undertakes no obligation to update them, whether as a result of
new information, future events or otherwise.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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