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Cemex CEO Lorenzo Zambrano dies in Madrid

Tuesday, May 13, 2014

Mexican businessman Lorenzo Zambrano, who turned cement maker Cemex into one of the country's first modern multinationals, died on Monday aged 70.

Zambrano died in Madrid of natural causes, the company said without giving other details.

With Zambrano at the helm, the Monterrey-based company expanded beyond Mexico and now has operations in 50 countries on five continents.

Source: AP