Cementos Argos’ board of directors is moving forward with its 2030 strategic ambition to unlock the highest growth potential, maximize flexibility, and drive value creation in both the United States and Latin America by splitting operations into two independent companies.
The operational separation of Cementos Argos into Argos Materials and Argos Latam is expected to take approximately 24 months. During this transition period, both Argos Materials and Argos Latam will be supported by a Corporate Support Center, led by newly appointed Executive Vice President Tomás Restrepo.
“Both companies are leaders in their respective regions and will operate with the autonomy needed to pursue growth opportunities and maximize value creation in their markets,” Argos officials said.
Jason Teter was appointed CEO of Argos Materials on Jan. 13, in recognition of his extensive experience in the U.S. construction materials industry. Meanwhile, Carlos Horacio Yusty has been appointed CEO of Argos Latam, with responsibility for integrating and leading operations across Colombia, Central America, the Caribbean, and Trading.
Operations across the 15 geographies outside the United States will report to Yusty, while the company continues to evaluate the optimal structure to further enhance regional growth.
During the transition period, Juan Esteban Calle, in his capacity as chairman of the board of directors of Cementos Argos, will play an active strategic oversight role to ensure the effective implementation of the new model and alignment with the company’s long-term vision.
