Cemex Latam CEO Resigns After Probe Into Colombia Plant Payments

  • Probe reveals $20 million payment to non-government person
  • Chairman Jaime Muguiro to take over as Cemex Latam CEO

Cemex Latam Holdings SA, a unit of the largest cement maker in the Americas, said its chief executive officer has resigned to “facilitate investigations” after an internal probe found payments related to a cement plant being built in Antioquia province in Colombia didn’t adhere to company policy.

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