Cardarelli provides a wealth of cement business knowledge from emerging regions. He was the CEO and Chairman of Natal Portland Cement (NPC), a division of the Intercement company in South Africa, before joining PPC. He successfully changed NPC throughout his time there by increasing cash generation, raising profits, and enhancing efficiencies.
PPC Cement Appoints Matias Cardarelli as New CEO
PPC, South Africa’s leading cement manufacturer, has announced the appointment of Matias Cardarelli as its new Chief Executive Officer (CEO), effective December 1, 2023. Cardarelli succeeds Roland van Wijnen, whose contract concluded in August 2023 but was extended until December to ensure a seamless transition. Equity Axis+9Global Cement+9News24+9PPC Africa+10Equity Axis+10Equity Axis+10
A Wealth of Experience in Emerging Markets
Cardarelli brings extensive experience in the cement industry across various emerging markets. Prior to joining PPC, he served as CEO and Chairman of Natal Portland Cement (NPC), a subsidiary of the Intercement group, in South Africa. During his tenure at NPC, he spearheaded significant operational improvements, enhancing efficiencies, boosting margins, and increasing cash generation. Agg Business+2Daily Investor+2Engineering News+2News24+6Engineering News+6Equity Axis+6
Before his role at NPC, Cardarelli led the operational and financial turnaround of Amreyah Cement in Egypt and played a pivotal role in scaling up Yguazu Cementos in Paraguay. He also successfully implemented strategies to return Cimentos de Mozambique to profitability amid market challenges. Global Cement+6Equity Axis+6Equity Axis+6Cement Review+5Equity Axis+5Equity Axis+5
Vision for PPC’s Growth and Profitability
Expressing his enthusiasm about joining PPC, Cardarelli stated, “I am excited to be joining PPC at this important time in its journey and highly value the trust placed in me by the Board.” He looks forward to collaborating with the PPC team to shape the company’s future, stating, “I equally look forward to working together with the PPC team as we write this iconic company’s next chapter.” Building and Decor+2Equity Axis+2Daily Investor+2Equity Axis+3Building and Decor+3Engineering News+3Equity Axis+3Daily Investor+3Building and Decor+3
PPC’s Board of Directors expressed confidence in Cardarelli’s leadership, noting his deep understanding of the local industry and proven track record in driving growth and profitability. They anticipate that his expertise will play a crucial role in enhancing returns and sustaining the company’s growth trajectory.