Merger architect Schmidheiny to exit LafargeHolcim board

Thomas Schmidheiny, LafargeHolcim’s largest shareholder and a driving force behind the merger that created the world’s largest cement maker, will step down from the company’s board at its 2018 annual general meeting (AGM), it said on Wednesday. Schmidheiny, who owns 11.4% of the Franco-Swiss company, has decided not to stand for re-election as a board director but will remain a shareholder, it said.