Syria: LafargeHolcim chief steps down after Syria investigation

Author(s): UNK | Date: April 24, 2017 | Language: English
Source: | URL: | Type: Text

The head of cement maker LafargeHolcim, Eric Olsen, is stepping down from the role following an investigation into the company’s activities in Syria.
The firm recently found that managers of a factory in Syria had paid local armed groups in order to stay open.
Mr Olsen said he had not been involved in any wrongdoing, and was standing down to bring “serenity” to the Swiss-French company.
Lafarge is the world’s biggest supplier of concrete, cement and aggregates.
In his statement, Mr Olsen said his decision was “driven by my conviction that it will contribute to addressing strong tensions that have recently arisen around the Syria case”.
“While I was absolutely not involved in, nor even aware of, any wrongdoing I believe my departure will contribute to bringing back serenity to a company that has been exposed for months on this case,” he added.