Lorenzo Zambrano in 2003.
Lorenzo Hormisdas Zambrano Treviño |
27 March 1944
Monterrey, Nuevo León
12 May 2014 (aged 70)|
|Alma mater||Monterrey Institute of Technology (ITESM) and Stanford University.|
|Title||Chairman of the board and CEO.|
|Board member of||Cemex, IBM, ITESM|
|Parent(s)||Lorenzo H. Zambrano Hellion and Alejandrina Treviño Madero|
Lorenzo Hormisdas Zambrano Treviño (27 March 1944 – 12 May 2014) was a Mexican businessman and philanthropist. He took over Cemex, a regional cement company founded by his grandfather, and transformed it into one of the largest cement producers in the world by the time of his death. Zambrano also financed several cultural initiatives across Latin America and chaired, from 1997 to 2012, the board of trustees of the Monterrey Institute of Technology (ITESM), one of the largest private universities in the region. He also co-owned Axtel, an important Mexican telecommunications company.
The family of his father had built a small fortune in the 19th century as entrepreneurs during the industrialization of their home city. His paternal great-grandfather, Gregorio Zambrano Guajardo, co-founded in 1854 the first textile mill in the region, Fábrica de Hilados y Tejidos de Algodón "La Fama". Likewise, his paternal grandfather, Lorenzo Hormisdas Zambrano Gutiérrez, founded Cementos Portland Monterrey (1920), a small Portland cement producer that profited from Monterrey’s reconstruction after the 1910 Revolution.
Conversely, the family of his mother had been one of the most prominent and influential in the neighboring state of Coahuila but suffered significantly after the civil war. The Maderos, once prosperous miners, bankers, wine-makers and overall industrialists from Parras underwent harassment and persecution after Francisco I. Madero, the short-lived democratic president, died in a coup along his brother Gustavo, Zambrano’s maternal grandfather.
Zambrano completed his basic studies in private schools of Monterrey, but despite his wealth his upbringing was far from nonchalant. His grandfather died in a car accident at the age of 50, barely four years after merging his company with Cementos Hidalgo of the Brittingham family, and the Bittingham's longstanding accountant, Jesús Barrera Rodríguez, maneuvered over the Zambranos to overtake control of the business. To aggravate matters, while Lorenzo was studying high school at Missouri Military Academy, in the United States, his father died and the teenager precipitously found himself responsible for his mother and four younger siblings: Patricio, Hernán, Jorge and Nina.
Confronting the situation, Zambrano opted to return to Monterrey and enrolled at the Monterrey Institute of Technology (ITESM), where he graduated with a bachelor's degree in Mechanical Engineering in 1966. Shortly thereafter, he moved briefly to Palo Alto, California, to complete a master's degree in Business Administration (MBA) at the Stanford Graduate School of Business (1968), where he was the only Mexican student registered at the time. After completing his studies, he returned to his home city and joined the family business.
In 1968 he joined Cemex, and for 17 years he held various executive positions, including plant manager of Torreón and Monterrey, and director of operations.
On 30 May 1985 he was named CEO. Since 1995 Zambrano has also served as chairman of the board. In his role as CEO, he designed and implemented the strategy that allowed Cemex to grow from a local operation in northern Mexico to one of the leading global building-materials company. Through more that 16 mergers and acquisitions, Cemex conquered local, regional and global markets.
On 15 September 1999, Zambrano led a ceremony in the NYSE to begin the listing of the Cemex stock (CX).
He was a member of the board of directors of IBM, and has also served in the international advisory board of Citigroup International, the Advisory Council of Allianz Companies and the boards of directors of Alfa, Banamex, Femsa, Empresas ICA, Televisa and Vitro.
From 1997 to 2012, he served as chairman of the board of the Monterrey Institute of Technology (ITESM), one of Latin America’s largest private universities. Additionally, he also served on the board of the Monterrey Museum of Modern Art (MARCO).
In recognition of his business and philanthropic efforts, Zambrano received the Woodrow Wilson Award for Corporate Citizenship in 2005, the Americas Society's Gold Medal for Distinguished Service, the Excellence in Leadership Award from the Stanford Graduate School of Business, and the Ernest C. Arbuckle Award for Managerial Excellence from the Stanford Business School's Alumni Association.
Zambrano was single. He enjoyed vacations in Cancun and New York City, and spent leisure time at a small country house near Monterrey, where he watched movies, read voraciously, and enjoyed long lunches and dinners with family and friends.
Death and legacy
On 12 May 2014, during a business trip to Madrid, Spain, Zambrano had scheduled a corporate meeting at 7 pm local time. After failing to show up, he was tracked down by members of his staff and found dead inside his third-floor suite at Hotel Villa Magna.
His sudden death due to a cardiac arrest at the relatively young age of 70 took news outlets and business associates by surprise. Cemex issued a carefully worded press release reassuring clients and investors that business operations would continue normally and that its board of directors —composed mostly by people with no relation to his family— would elect a successor in the following days.
Notes and references
- Fuentes-Beráin, Rossana (30 August 2007). "Zambrano, el creador del "Cemex Way"" [Zambrano, creator of the 'Cemex Way'] (in Spanish). CNN/Expansión. Retrieved 13 May 2014.
- Case, Brendan; Bain, Ben (13 May 2014). "Lorenzo Zambrano, Cemex CEO Who Led Deals, Dies at 70". Bloomberg. Retrieved 13 May 2014.
- "Mexican cement baron dies, made Cemex a global brand". Reuters. 12 May 2014. Retrieved 13 May 2014.
- Cerda, Rosario; Herrera, Esther; Marroquín, Eduardo (13 May 2014). "Coleccionista de arte y apasionado lector" [Art collector and fervent reader]. Milenio (in Spanish). Retrieved 13 May 2014.
- "Archived copy". Archived from the original on 2015-01-02. Retrieved 2015-04-28.
- "Archived copy". Archived from the original on 2014-04-26. Retrieved 2015-04-28.
- "Archived copy". Archived from the original on 2015-07-25. Retrieved 2015-04-28.
- "Archived copy". Archived from the original on 2015-07-11. Retrieved 2015-04-28.
- Sandoval, Verónica (13 May 2014). "Darán adiós al rey del cemento". El Horizonte (in Spanish). Retrieved 14 May 2014.
Él nació el 27 de marzo de 1944, de buen linaje: sus padres fueron Lorenzo Zambrano Hellion y Alejandrina Treviño Madero. Sus hermanos: Patricio (+) Hernán, Jorge y Nina.
- "No daba señales de cansancio". Milenio (in Spanish). 12 May 2014. Retrieved 14 May 2014.
- Krauze, Enrique (12 May 2014). "Homenaje a Lorenzo Zambrano" [Tribute to Lorenzo Zambrano] (in Spanish). Letras Libres.
- Krauze, Enrique (1998). Biography of Power: A History of Modern Mexico (1810–1996). HarperCollins. ISBN 9780060929176.
- Lindquist, Diane (November 2008). "Mexico's Global Builder of Dreams". Stanford Business Magazine. Archived from the original on 13 May 2014. Retrieved 13 May 2014.
- "Mexico's master builder". The Economist. 13 May 2014. Retrieved 14 May 2014.
- Sandoval, Verónica (29 November 2011). "Zambrano dejará la presidencia del ITESM". Milenio (in Spanish). Reuters. Archived from the original on 30 November 2011.
- Woodrow Wilson Award for Corporate Citizenship received by Lorenzo Zambrano, retrieved Sep 23, 2012
- "Muere Lorenzo Zambrano, director de Cemex, a los 70 años" [Lorenzo Zambrano, CEO of Cemex, dies at 70]. Animal Político (in Spanish). 12 May 2014. Retrieved 13 May 2014.
Zambrano tenía programada una cena a las 19:00 horas tiempo de Madrid, para una reunión de trabajo de la empresa y, al no presentarse en el evento, fueron a buscarlo al Hotel Villa Magna, donde estaba hospedado, y ahí lo hallaron muerto tras sufrir un infarto fulminante
- Anderson, Bárbara (12 May 2014). "Llega mañana a Monterrey el cuerpo de Lorenzo Zambrano". Milenio (in Spanish). Retrieved 13 May 2014.
- "Los hombres que decidirán el futuro de Cemex". Obras (in Spanish). 12 May 2014. Retrieved 13 May 2014.
Actualmente sólo hay tres miembros de la familia Zambrano en el Consejo de Cemex, ninguno de ellos es un consanguíneo directo. Los demás son consejeros que llevan al menos cinco años colaborando en las decisiones de la cúpula de la cementera.
Media related to Lorenzo Zambrano at Wikimedia Commons