Wrap Text
Tarmac/ Lafarge UK JV appoints Chairman, CEO and CFO
Anglo American plc (“the Company”)
Incorporated in the United Kingdom
(Registration number: 3564138)
Short name: Anglo
Share code: AGL
ISIN number: GB00B1XZS820
Tarmac / Lafarge UK Joint Venture appoints Chairman, CEO and CFO
23 November 2012
Anglo American plc (”Anglo American”) and Lafarge SA (“Lafarge”) announce the appointments
of their 50:50 UK joint venture’s (the “Joint Venture” or “JV”) 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 JV and it is anticipated that the JV 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.
Cynthia Carroll, Chief Executive of Anglo American and Bruno Lafont, Chairman and Chief
Executive of Lafarge said: “We welcome Jamie Pike as the Joint Venture’s Chairman, Cyrille
Ragoucy as CEO and Guy Young as CFO of the Joint Venture, a new business which brings
together two high quality and complementary UK businesses to create a compelling new
industry proposition through which we expect to unlock significant value. Jamie brings more
than 20 years of experience from an array of industrial and manufacturing business, providing
strong balance to the impressive management team drawn from both businesses.”
For further information, please contact:
Anglo American
Media Investors
James Wyatt-Tilby Leng Lau
Tel: +44 (0)20 7968 8759 Tel: +44 (0)20 7968 8540
Emily Blyth Sarah McNally
Tel: +44 (0)20 7968 8481 Tel: +44 (0)20 7968 8747
Lafarge
Media Investors
Caroline Ryan Stéphanie Billet
Tel: + 33(0) 1 44 34 92 51 Tel: +33 (0) 1 44 34 93 71
Mélanie Coviaux Danièle Daouphars
Tel: +33(0) 1 44 34 18 18 Tel: +33 (0) 1 44 34 11 51
Caroline Winkler Laurence Le Gouguec
Tel: + 33(0) 1 44 34 11 70 Tel: +33 (0) 1 44 34 94 59
Notes to editors:
Jamie Pike, (57) is Non-Executive Chairman of Lupus Capital plc, a leading international
supplier of building products to the door and window industry, RPC Group PLC, a leading
international supplier of rigid plastic packaging and MBA Polymers Inc, a private US plastics
recycling business. He was Chief Executive of Foseco plc, an international business serving
the foundry and steel making industries, until its acquisition by Cookson Group plc in April 2008.
He led the buy-out of Foseco from Burmah Castrol in 2001, which culminated in flotation on the
main market in 2005. He has previously been a Non-Executive Director of two FTSE 250
companies, RMC Group plc and Kelda Group plc. And Chairman of the Defence Support Group
His early career was as a consultant with Bain and Co and A T Kearney before joining Burmah
Castrol in 1991. He rose to Chief Executive of Burmah Castrol Chemicals before leading the
Foseco buy-out. Mr Pike was educated at Oxford, holds an MBA from INSEAD and is a
Member of the Institute of Mechanical Engineers.
Cyrille Ragoucy, (56), is Senior Vice President Health and Safety for Lafarge. From 2005 to
2009, he was CEO and Regional President for Lafarge’s cement operations in China (“Lafarge
Shui On Cement”), at the formation of this joint-venture, which he successfully led during its
forming and expanding phases. During this period, he was responsible for 25 plants and
10,000 people. Prior to this, he was Regional President for Aggregates, Concrete, Asphalt and
Paving for Lafarge in Eastern Canada (1999 to 2005). Cyrille Ragoucy joined the Lafarge
group in 1998 as VP Cement Strategy for Lafarge North America.
Guy Young, (43) has been CFO of Tarmac for the last two years, with responsibility for
Tarmac's financial, IT and legal operations, as well as the pre-integration planning for the joint
venture. Guy has been with Anglo American for 15 years in a variety of roles, including CFO of
Scaw Metals, Group Procurement and within the CEO's Office. Guy was educated at The
University of Cape Town and qualified as a chartered accountant after doing articles at Deloitte.
Anglo American is one of the world’s largest mining companies, is headquartered in the UK
and listed on the London and Johannesburg stock exchanges. Anglo American’s portfolio of
mining businesses spans bulk commodities – iron ore and manganese, metallurgical coal and
thermal coal; base metals – copper and nickel; and precious metals and minerals – in which it
is a global leader in both platinum and diamonds. Anglo American is committed to the highest
standards of safety and responsibility across all its businesses and geographies and to making
a sustainable difference in the development of the communities around its operations. The
company’s mining operations, extensive pipeline of growth projects and exploration activities
span southern Africa, South America, Australia, North America, Asia and Europe.
www.angloamerican.com
Lafarge is the world leader in building materials, with top-ranking positions in all of its
businesses: Cement, Aggregates & Concrete and Gypsum. With 76,000 employees in 78
countries, Lafarge posted sales of Euros 16.2 billion in 2010. Lafarge was ranked 6th in the
“Carbon Disclosure Project” and entered the global “Dow Jones Sustainability Index” in 2010 in
recognition of its sustainable development actions. With the world’s leading building materials
research facility, Lafarge places innovation at the heart of its priorities, working for sustainable
construction and architectural creativity. Additional information is available on the web site at
www.lafarge.com.
Sponsor: UBS South Africa (Pty) Ltd
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