[KINGSTON, JAMAICA – June 27, 2019] Caribbean Cement Company Ltd (CCCL) has announced a change in leadership, which becomes effective on July 31, 2019 when the tenure of Peter Donkersloot Ponce, General Manager will end and that of Yago Castro will begin as of August 1.

Currently the General Manager at Arawak Cement Company Limited with responsibility for the operations of TCL Guyana Incorporated, Mr Castro brings to CCCL, extensive industrial and strategic experience coupled with strong technical, financial and operational competencies developed over 16 years with the CEMEX Group. He has served as Director Planning, Procurement and Legal for CEMEX in Nicaragua, Guatemala and El Salvador and in various roles at CEMEX Europe, Midwest and Central America. Mr Castro has a B.Sc. in Chemical Engineering from the Universidad Complutense de Madrid and an Executive MBA from the IE Business School, also located in Madrid, Spain.

Both Carib Cement and Arawak are members of the CEMEX Group. CEMEX is a global building materials company with presence in more than 50 countries. Leadership rotation and succession planning are part of CEMEX’s talent development programme. Having been with CEMEX for 13 years, Mr Donkersloot has advised the company that he will not seek an extension of his contract.

The Board and Management of CCCL thank Mr. Donkersloot for his outstanding leadership in managing a period of critical transformation for the company, which resulted in improvements in safety, operational efficiency and shareholder value. Carib Cement is on a stronger and more sustainable path which will continue under Mr. Castro’s leadership.