Cementos Argos shareholders' assembly approved the new Board of Directors for 2026-2028, featuring four proprietary members and three independents. Jorge Mario Velásquez, Carlos Gustavo Arrieta, and Alejandro Piedrahíta were honored as they end their terms. Dividends and a share repurchase program renewal were also approved.
Cementos Argos shareholders' assembly selected the Board of Directors for the 2026-2028 term. Proprietary members include Juan Esteban Calle, the company's president who will succeed Jorge Mario Velásquez as Grupo Argos president; Felipe Aristizábal; Rafael Olivella; and Juan Esteban Mejía. Independents are Cecilia Rodríguez, León Teicher, and Carolina Soto. The assembly honored outgoing directors Jorge Mario Velásquez, Carlos Gustavo Arrieta, and Alejandro Piedrahíta for their contributions to key decisions, strategic guidance, and value creation. Shareholders approved an ordinary dividend of $430 per ordinary and preferred share, and an extraordinary dividend of $150 per share type. The share repurchase program was renewed for two years up to $450,000 million to support short- and medium-term growth. These actions align with the Sprint program, now in version 4.0 for 2026. The company noted: «Since the launch of Sprint in February 2023, Cementos Argos' market value has nearly quadrupled from $900 million to around $3,500 million, with total shareholder return or TSR reaching 605% in dollars».
