On May 23, 2017, CEMEX, S.A.B. de C.V. (CEMEX), the parent company for CEMEX Holdings Philippines Inc. (CHP) announced that it decided to implement internal organizational changes to strengthen its business in order to create more value for the organization. Among the changes announced are the appointment of Pedro Jose Palomino, the current President and Chief Executive Officer of CHP, as president of CEMEX in Spain.