CEMEX Holdings Philippines Inc. announced the appointment of Luis Guillermo Franco Carrillo as new president effective on June 1, 2022. Luis Franco, who served as Builders Segment vice-president for CEMEX Mexico, takes on the position left by Ignacio Mijares who now leads the Corporate Strategic Planning at the CEMEX central office. Mr. Carillo brings more than 23 years of experience with CEMEX having joined the company in 1999.

Prior to his assignment to the Philippines, he had previous appointments to key positions in CEMEX's operations in the United Kingdom, Hungary and his home country, Mexico. He finished his bachelor's degree in Chemical Engineering from Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM) and obtained a master's degree in Business Administration (MBA) from the Stanford Graduate School of Business. Following his appointment as president of CHP, Mr. Carillo vowed to focus on pivotal strategic areas of the CEMEX Philippines' operations.