Key personnels from cement maker LafargeHolcim are set to step down from its board at its 2018 AGM.

On Wednesday, Cement maker LafargeHolcim stated Thomas Schmidheiny, its largest most influential shareholder who has been the driving force behind merger which created the company, will be stepping down from its board at its 2018 annual general meeting.

However, Schmidheiny, who owns 11.4% of the company, will continue to be its shareholder.

Further, its CEO and former Chairman will also be standing down, said LafargeHolcim.

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Tags: AGM, annual general meeting, board, board of directors, cement, cement maker, CEO, chairman, HR, HRM, LafargeHolcim, largest, shareholder, Thomas Schmidheiny