Monterrey, Mexico-based cement giant Cemex moved quickly to name successors and reorganize after the sudden death, on May 12, of longtime CEO Lorenzo H. Zambrano, 70, who transformed it from a small family business into the world’s third-largest producer.
Seeking to reassure investors about the publicly traded firm's future (NYSE: CX), Cemex elevated Fernando Gonzalez, 59, to replace Zambrano. He waexecutive vice president of finance and administration and joined the firm in 1989.