Holcim, Lafarge Said to Approve Cement Merger With Lafont as CEO

Holcim Ltd. and Lafarge SA, whose boards approved a merger to create the world’s biggest cement maker, will be led by the French company’s chief executive officer, Bruno Lafont, said people familiar with the matter.

The Lafarge executive’s appointment may be announced as early as today along with the all-share merger, which will create a company with $40 billion in sales, the people said, asking not to be identified because discussions are private.