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Frenchman to lead Tarmac/Lafarge joint venture

26 Nov 12 The building materials joint venture being set up in the UK between Lafarge of France and Anglo American’s Tarmac division will be headed by Cyrille Ragoucy of Lafarge as CEO.

CEO Cyrille Ragoucy
CEO Cyrille Ragoucy

Tarmac’s Guy Young will be in charge of the books as chief financial officer.

A non-executive chairman has been recruited from outside of the two companies.

Cyrille Ragoucy, aged 56, is senior vice president health & safety for Lafarge. From 2005 to 2009, he was CEO and regional president for Lafarge's cement operations in China, which he set up. He joined the Lafarge group in 1998 as VP Cement Strategy for Lafarge North America.

Guy Young, aged 43, has been CFO of Tarmac for the last two years, with responsibility for financial, IT and legal operations, as well as the pre-integration planning for the joint venture. He has been with Anglo American for 15 years.

Non-executive chairman of the new joint venture is Jamie Pike, who is also non-executive chairman of Lupus Capital, which supplies building products to the door and window industry, plastic packaging company RPC Group, and US plastics recycling firm MBA Polymers Inc. He was chief executive of Foseco, an international business serving the foundry and steel making industries, from its 2001 buy-out from Burmah Castrol until its acquisition by Cookson Group in 2008.

The appointments are subject to the completion of the JV, which is expected to start operations in early 2013, once final clearance is received from the Competition Commission.

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