Elementia Names Jaime Rocha Font, Head of Cement Division, as New Chief Executive Officer

MEXICO CITY / ACCESSWIRE / June 19, 2020 / Elementia, S.A.B. de C.V. (BMV:ELEMENT) ("the Company", or "Elementia") announced today that its Board of Directors has appointed Jaime Rocha Font as the new Chief Executive Officer of Elementia effective September 2, 2020, replacing Fernando Ruiz Jacques, who will focus on new business and development opportunities.

Jaime Rocha is currently the CEO of Elementia's Cement Division, including Cementos Fortaleza in Mexico and Costa Rica, as well as Giant Cement Holding in the US. He has 29 years of experience in the cement industry, and prior to Elementia he held a number of senior positions at Holcim. He has a degree in Civil Engineering from Universidad Católica de Chile and an MBA and postgraduate studies from the IMD in Switzerland, the Free University of Brussels in Belgium and IPADE in Mexico.

Regarding this appointment, Francisco del Valle, Chairman of Elementia's Board of Directors, stated: "I would like to thank Fernando Ruiz for his hard work and dedication throughout these years, and I wish him all the best in this new endeavor. Fernando was the driving force behind the creation and growth of Cementos Fortaleza and the listing of Elementia on the Mexican Stock Exchange, among other achievements."

"We offer our full support to Jaime Rocha, who has played a key role in the success of our Cement Division; he will contribute his outstanding leadership to help consolidate the future of the Company," added Francisco del Valle.

Jaime Rocha Font commented, "I am honored and grateful for this opportunity. Fernando Ruiz and the Elementia team have successfully developed business platforms in 8 countries and solid systems that will revolutionize construction."

Jaime Rocha and Fernando Ruiz will work together to ensure a smooth transition process.

About Elementia

Investor Relations

www.elementia.com
Mariana Agüeros Martinez
T: +52 (55) 5728 5319
maguerosm@elementia.com

SOURCE: ELEMENTIA, S.A.B. DE C.V.

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