"Holcim Plans $30 Billion Valuation for North American Business Listing, Names New CEO"

Holcim plans to spin off its North American operations in a New York flotation, aiming for a $30 billion valuation, while appointing Miljan Gutovic as the new CEO. The move, set to be completed in the first half of 2025, will see the company listing 100% of its North American business on the New York Stock Exchange, with Holcim retaining no stake. The U.S. business aims to increase annual sales to over $20 billion and generate operating profit of more than $5 billion by 2030, while the rest of Holcim's global business will remain listed on the Swiss blue-chip SMI index.