Holcim Shareholders Endorse Spin-off and Leadership Changes at AGM

During the 2025 Annual General Meeting in Zug, Holcim shareholders approved all board proposals, including a 99.75% vote for the planned spin-off of Holcim's North American business to form Amrize. The spin-off will be executed via a dividend-in-kind, providing one Amrize Ltd share for each Holcim Ltd share. Amrize shares are to be traded on the NYSE and SIX Swiss Exchange by June 2025. This move is structured to be tax-neutral in Switzerland and tax-free in the U.S.

An 11% increase in Holcim’s dividend, rising to CHF 3.10 per share, was also sanctioned. Leadership changes saw Kim Fausing elected as the new Chairman, succeeding Jan Jenisch, who moves to Amrize as Chairman and CEO. Shareholders ratified the board's members, adding new directors Adolfo Orive and Sven Schneider.

Financial matters were addressed, with approval given for the 2024 Annual Report and financial statements, as well as compensation and climate reports. Ernst & Young Ltd was reaffirmed as auditor for 2025.