Titan pushes sustainability agenda with Cobuz appointment

Titan Cement has announced that Marcel Cobuz will join its board in a bid to accelerate strategy execution towards carbon neutrality, a digitalized value chain and new growth avenues.

The board of directors of Titan Cement International at its meeting of 20th June 2022, after close consultation and cooperation with the core shareholder family, is pleased to announce the following upcoming changes in its executive management. Marcel Constantin Cobuz will be joining the group as a member of its Executive Committee as of July 1st, 2022 and will succeed Dimitri Papalexopoulos in the position of Chairman of the Executive Committee as of October 15, 2022. Mr. Papalexopoulos will assume the position of the Chairman of the Board of Directors, succeeding Mr. Arapoglou on January 1st, 2023.

Marcel Cobuz, a French and Romanian national, has more than 20 years of experience in the building and infrastructure materials industry and has served in various leadership, innovation and transformation roles with Lafarge and Holcim, including LafargeHolcim Europe CEO and Executive Committee member.

“The decision of our Board of Directors marks a very significant and positive milestone for Titan Cement International and its shareholders”, commented Takis Arapoglou. “The Board and I look forward to working with Dimitri and Marcel, to oversee the leadership transition at both the Board and the Executive level.”

Under the leadership of Dimitri Papalexopoulos, TITAN expanded internationally, strengthened its culture of operational excellence and achieved significant progress in decarbonization and digitalization. Commenting on the appointment, Mr. Papalexopoulos said, “I look forward to working with Marcel as we accelerate our strategy execution. I am confident that, with his broad international and industry-specific experience, Marcel will successfully drive commercial and operational excellence, pursue our strategic and sustainability goals and leverage the many growth opportunities that lie ahead.”

“I am truly honored to join TITAN and lead this outstanding company into the future, at an exciting time for this industry,” said Mr. Cobuz. “TITAN, founded on strong family values and building on 120 years of dynamic development and internationalization, is exceptionally well-positioned to capitalize on profitable growth opportunities in several end markets, including infrastructure, building renovation, and green solutions. I look forward to working with Dimitri, the Board and the talented TITAN team to create sustainable value for our shareholders and stakeholders.”