Thomas Schmidheiny

Thomas Schmidheiny (born 1945) is a Swiss billionaire businessman, and the former chairman of cement manufacturer Holcim.

Thomas Schmidheiny
Born1945 (age 74–75)
NationalitySwiss
Alma materTufts University
Zurich Polytechnic
OccupationMajor shareholder of LafargeHolcim
Net worthUS$4.9 billion (January 2020)[1]
Spouse(s)married
Children4
Parent(s)Max Schmidheiny
RelativesStephan Schmidheiny (brother)

Early life

Thomas Schmidheiny was born in 1945,[2] the son of Max Schmidheiny (1908-1991). The family's construction materials empire (bricks, cement, etc.) was divided in 1984, with Thomas inheriting Holcim, the concrete and cement company, and his brother Stephan, also a billionaire, was given the construction company Eternit.[1]

Career

Until 2003, Schmidheiny was the chairman of Holcim, one of the world's leading cement manufacturers, founded by his grand-uncle in 1912.[3] Schmidheiny resigned his chairmanship as part of a deal to settle an investigation of insider trading in Spain.[4] He has remained on the Board since that time.[5] Since the merger between Holcim and Lafarge Thomas Schmidheiny detains 11.4% of the company Lafarge-Holcim and is the biggest shareholder of the firm.

Education

Schmidheiny holds a doctorate from Tufts University and a bachelor's degree from Zurich Polytechnic,[1] and an MBA from IMD Business School, Switzerland.[6]

Honors

The Indian School of Business has a Thomas Schmidheiny chair of family business. As of 2012, the post was held by Kavil Ramachandran.[7]

Personal life

Schmidheiny is married with four children; he owns vineyards and wineries in Argentina, Switzerland and the US, including his residence in Klosters.[1][8]

References
  1. "Forbes profile:: Thomas Schmidheiny". Forbes. Retrieved 8 January 2020.
  2. "Thomas Schmidheiny". LafargeHolcim. Retrieved 26 January 2017.
  3. "Dr. Thomas Schmidheiny: From Family Business to Family Wealth Management". The Fletcher School. 17 February 2011. Retrieved 2 January 2013.
  4. "World Business Briefing | Europe: Switzerland: Insider Trading". The New York Times. 8 February 2003. Retrieved 2 January 2013.
  5. Meier, Simone (2 October 2011). "Schmidheiny Plans to Boost Holcim Stake, SonntagsZeitung Reports". Bloomberg Businessweek. Retrieved 2 January 2013.
  6. "Thomas Schmidheiny". IMD business school.
  7. Nanda, Prashant K. (14 December 2012). "Economy highly dependent on family-run businesses' destiny: Ramachandran". Live Mint. Retrieved 2 January 2013.
  8. "Luxury and discretion on the fringes of the WEF". Financial Times. Retrieved 26 January 2017.
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