Eric Olsen (businessman)

Eric Olsen
Born United States
Residence Zurich, Switzerland
Nationality American & French
Alma mater University of Colorado
HEC Paris
Occupation Business executive

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

Early life

Eric Olsen was born in Easton, Pennsylvania and moved to Chicago, Illinois at a young age.[1]

Olsen graduated from the University of Colorado.[1][2] He received a master in business administration from HEC Paris.[1][2]

Career

Olsen started his career at Deloitte.[1][2] He later worked for Paribas and Trinity Associates.[1][2]

Olsen joined Lafarge North America in 1999.[1] He became its Chief Financial Officer in 2004.[1] Three years later, in 2007, he was promoted as Head of Human Resources for Lafarge.[1] Olsen helped integrate employees of the Orascom Group, acquired by Lafarge in 2007, and reorganised the subsidiary in 2012.[1] By 2013, he became executive vice president of operations.[1]

Olsen has served as the Chairman and Chief Executive Officer of LafargeHolcim since July 10, 2015.[3][4] Olsen conducted the merger of Lafarge with Holcim.[1] He is responsible for "140,000 employees and revenues of about €30bn."[1]

Olsen announced his resignation on April 24, 2017. He said in a statement that "it will contribute to addressing strong tensions that have recently arisen around the Syria case"[5] and that he was "absolutely not involved in, nor even aware of, any wrongdoing".[5] An internal probe by LafargeHolcim found funds were given to third parties who then made arrangements with a number of groups, including "sanctioned parties", in order to keep the Group's Syrian plant running.[5]

He will leave LafargeHolcim on 15 July 2017.[6] Once he leaves, Beat W. Hess will become the interim CEO.[7][8]

Philanthropy

Olsen formerly served as the President of the American School of Paris.[1]

Personal life

He has two children.[1] He resides in Zurich, Switzerland.[1]

Olsen became a bi-national,[2] after gaining French citizenship in 2014.[1] He enjoys skiing.[1]

References

  1. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 Stothard, Michael (April 10, 2015). "Olsen the cement needed to join Lafarge and Holcim". Financial Times. Retrieved October 25, 2015.
  2. 1 2 3 4 5 "Eric Olsen: Chairman, Chief Executive Officer and Director of Lafarge SA". Lafarge. Retrieved October 19, 2015.
  3. ↑ Stothard, Michael (April 9, 2015). "Olsen the cement needed to join Lafarge and Holcim". Financial Times. Retrieved October 25, 2015.
  4. ↑ Revill, John (April 9, 2015). "Eric Olsen Named CEO of LafargeHolcim: Lafarge executive will head of the globe-spanning cement giant following merger". The Wall Street Journal. Retrieved October 25, 2015.
  5. 1 2 3 "LafargeHolcim CEO's Resignation on Syria Creates Power Vacuum". Bloomberg.com. 2017-04-24. Retrieved 2017-05-30.
  6. ↑ Baghdijan, Alice (April 24, 2017). "LafargeHolcim CEO's Resignation on Syria Creates Power Vacuum". Bloomberg. Retrieved May 4, 2017.
  7. ↑ "Eric Olsen, CEO, to leave LafargeHolcim in July 2017". LarfargeHolcim. 24 April 2017.
  8. ↑ Alanna Petroff (24 April 2017). "CEO resigns after firm admits paying armed groups in Syria". CNN Money.
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