HOLCIM Philippines, Inc. has appointed Horia Ciprian Adrian as president and chief executive officer of the listed cement manufacturer in a move which he described as an honor after his predecessor’s “remarkable” job.

Mr. Adrian will take on the position left by John William Stull, who led the company for the past three years.

“It has been a privilege to have worked with the men and women of Holcim Philippines that showed resilience and dedication to grow the company amid the challenges. I am truly grateful for the support given,” Mr. Stull said in a statement.

Mr. Stull will be taking on another role in the LafargeHolcim Group.

“The focus on Health, Cash and Cost strengthens the company’s position to ensure a strong comeback and capture the growth and opportunities ahead. I wish Horia and the organization all the best,” he added.

Mr. Adrian’s appointment is effective beginning on March 1.

“It is an honor to be appointed as the new President and CEO of Holcim Philippines. The business in the Philippines is a significant contributor to the LafargeHolcim Group and it is truly exciting to continue the remarkable work done under John’s leadership,” he said.

Mr. Adrian served as chief executive in Romania and was the market head of emerging Europe. He has been appointed to a variety of management positions, including CEO roles for the company’s Russia, Eastern Europe and commonwealth of independent state, and Middle East offices, since joining LafargeHolcim in 2000.

He also managed the group’s business transformation.

On Tuesday, Holcim Philippines shares at the stock market declined by 2.03% to close at P6.28 apiece. — Keren Concepcion G. Valmonte