Thomas Schmidheiny

Last updated

Thomas Schmidheiny
Born1945 (age 7475)
NationalitySwiss
Alma mater Tufts University
Zurich Polytechnic
OccupationMajor shareholder of LafargeHolcim
Net worth US$4.9 billion (January 2020) [1]
Spouse(s)married
Children4
Parent(s) Max Schmidheiny
Relatives Stephan Schmidheiny (brother)

Thomas Schmidheiny (born 1945) is a Swiss billionaire businessman, and the former chairman of cement manufacturer Holcim.

Contents

Early life

Thomas Schmidheiny was born in 1945, [2] the son of Max Schmidheiny (1908-1991). The family's construction materials empire (bricks, cement, etc.) was divided in 1984, with Thomas inheriting Holcim, the concrete and cement company, and his brother Stephan, also a billionaire, was given the construction company Eternit. [1]

Career

Until 2003, Schmidheiny was the chairman of Holcim, one of the world's leading cement manufacturers, founded by his grand-uncle in 1912. [3] Schmidheiny resigned his chairmanship as part of a deal to settle an investigation of insider trading in Spain. [4] He has remained on the Board since that time. [5] Since the merger between Holcim and Lafarge Thomas Schmidheiny detains 11.4% of the company Lafarge-Holcim and is the biggest shareholder of the firm.

Education

Schmidheiny holds a doctorate from Tufts University and a bachelor's degree from Zurich Polytechnic, [1] and an MBA from IMD Business School, Switzerland. [6]

Honors

The Indian School of Business has a Thomas Schmidheiny chair of family business. As of 2012, the post was held by Kavil Ramachandran. [7]

Personal life

Schmidheiny is married with four children; he owns vineyards and wineries in Argentina, Switzerland and the US, including his residence in Klosters. [1] [8]

Related Research Articles

International Institute for Management Development university

International Institute for Management Development (IMD) is a business education school located in Lausanne, Switzerland. It is not part of a university, and offers MBA and Executive MBA programs as well as executive education.

Kjeld Kirk Kristiansen Danish businessman

Kjeld Kirk Kristiansen is the former president and CEO of The Lego Group (1979–2004). According to Forbes, Kristiansen is the third richest Dane, with a net worth of $5.4 billion as of September 2018. He is the grandson of Lego founder Ole Kirk Christiansen.

Holcim building materials and aggregates company

Holcim is a Swiss-based global building materials and aggregates company. Founded in 1912, the company expanded into France and then throughout Europe and Middle East during the 1920s. They expanded in the Americas during the 1950s and went public in 1958. The company continued to expand in Latin America and added Asian divisions during the 1970s and 1980s. A series of mergers and buyouts made Holcim one of the two largest cement manufacturers worldwide by 2014, roughly tied with rival Lafarge. In April 2014, the two companies agreed to a US$60 billion "merger of equals". The companies merged on 10 July 2015 to form LafargeHolcim as the new holding company.

ACC (company) acc company

ACC Limited is one of the largest producers of cement in India. It's registered office is called Cement House. It is located on Maharishi Karve Road, Mumbai. The stock price of company contributes in calculating BSE Sensex.

Stephan Ernst Schmidheiny is a Swiss entrepreneur, philanthropist and advocate of sustainable development. In 2019, his net worth was estimated by Forbes to be $2.3 billion. He's also well known for being convicted over his role in the Italian asbestos scandal.

Blue Circle Industries

Blue Circle Industries was a British public company manufacturing cement. It was founded in 1900 as the Associated Portland Cement Manufacturers Ltd through the fusion of 24 cement works, mostly located on the Thames and Medway estuaries, together having around a 70% market share of the British cement market. In 1911, the British Portland Cement Manufacturers Ltd. was formed by the addition of a further 35 companies, creating a company with an initial 80% of the British cement market.

Tarmac Group Limited was a British building materials company headquartered in Wolverhampton, United Kingdom. It produced road surfacing and heavy building materials including aggregates, concrete, cement and lime, as well as operating as a road construction and maintenance subcontractor.

Bamburi Cement

Bamburi Cement Limited is an industrial company in Kenya specialising in cement and concrete. The company has operations in Bamburi suburb of Mombasa, it's headquartered in Nairobi and its stock is listed on the Nairobi Securities Exchange.

Nassef Onsi Sawiris is an Egyptian billionaire businessman, the youngest of Onsi Sawiris' three sons. As of April 2019, his net worth was estimated to be $7.5 billion, and the fourth richest African in 2019, according to Forbes.

Krit Ratanarak is a Thai billionaire businessman, and the chairman of Bangkok Broadcasting & Television Company and head of one of Thailand's leading family business groups. The Ratanarak family have substantial holdings in a number of Thai-based companies including Krungsri Bank, Siam City Cement, Allianz Ayudhya, Sri Ayudhya Capital, Matching Studio, Media of Medias and Eastern Star Real Estate as well as holding a majority stake in BBTV.

The LafargeHolcim Foundation for Sustainable Construction is a non-profit organization. Its goal is to raise awareness of the role that architecture, engineering, urban planning and construction have in achieving a sustainable built future. The organization encourages and rewards sustainable responses to the technological, environmental, socioeconomic, and cultural issues affecting building and construction. The two main initiatives of the Foundation are the LafargeHolcim Forums and the LafargeHolcim Awards.

Ambuja Cements company

Ambuja Cements Limited, formerly known as Gujarat Ambuja Cement Limited, is an Indian major cement producing company. The Group's market cement and clinker for both domestic and export markets.

Tarmac is a British building materials company headquartered in Solihull, England. The company was formed as Lafarge Tarmac in March 2013, by the merger of Anglo American's Tarmac UK and Lafarge's operations in the United Kingdom. In July 2014, Anglo American agreed to sell its stake to Lafarge, to assist Lafarge in its merger with Holcim and allay competition concerns.

Bruno Lafont is a French businessman. He served as the chief executive officer of Lafarge from 2006 to 2015, when it merged with Holcim to become LafargeHolcim. He served as the co-chairman of LafargeHolcim from 2015 to April 2017.

Lafarge (company) French industrial company

Lafarge S.A. is a French industrial company specialising in three major products: cement, construction aggregates, and concrete.

LafargeHolcim manufacturer of building materials

LafargeHolcim Ltd is a Swiss multinational company that manufactures building materials. It has a presence in around 80 countries, and employs around 80,000 employees. LafargeHolcim operates four businesses segments: Cement, Aggregates and Ready-Mix Concrete as well as Solutions & Products, which includes precast concrete, asphalt, mortar and building solutions.

Eric Olsen is an American-French business executive. He served as the Chief Executive Officer of LafargeHolcim, a construction public corporation, until 2017.

Max Schmidheiny (1908–1991) was a Swiss industrialist.

Lafarge Africa Plc is a cement manufacturer headquartered in Lagos and quoted on the Nigerian Stock Exchange. It is majorly controlled by LafargeHolcim. Previously trading under the name of Lafarge Wapco Plc, the merger of Lafarge and Holcim and resulting consolidation of Lafarge's assets in Nigeria and South Africa resulted in the name change to Lafarge Africa.

References

  1. 1 2 3 4 "Forbes profile:: Thomas Schmidheiny". Forbes. Retrieved 8 January 2020.
  2. "Thomas Schmidheiny". LafargeHolcim. Retrieved 26 January 2017.
  3. "Dr. Thomas Schmidheiny: From Family Business to Family Wealth Management". The Fletcher School. 17 February 2011. Retrieved 2 January 2013.
  4. "World Business Briefing | Europe: Switzerland: Insider Trading". The New York Times . 8 February 2003. Retrieved 2 January 2013.
  5. Meier, Simone (2 October 2011). "Schmidheiny Plans to Boost Holcim Stake, SonntagsZeitung Reports". Bloomberg Businessweek . Retrieved 2 January 2013.
  6. "Thomas Schmidheiny". IMD business school.
  7. Nanda, Prashant K. (14 December 2012). "Economy highly dependent on family-run businesses' destiny: Ramachandran". Live Mint . Retrieved 2 January 2013.