Holcim sets up panel to integrate Ambuja, ACC
Holcim, the Swiss cement giant, will create a new corporate structure to integrate key functions of Ambuja Cements and its subsidiary ACC close on the heels of restructuring the ownership composition of its two Indian arms. The new management panel, which will initially drive joint efforts to derive synergies in the areas of supply chain management and shared services such as HR and finance, will come into force from next month.
Ambuja Cements' MD Onne van der Weijde will head the panel which will comprise Managing Director of ACC Kuldip Kaura and Ambuja Cements CEO Ajay Kapur. Senior executive Samuel Poletti will come on board as the integration manager, spearheading plans to bring operations of two companies closer.
The members of the existing executive committees of the two companies including functioning directors, chief financial officers (CFOs), zonal heads, procurement, commercial, logistics and capex programme heads will also be key members.