During the meeting of the board of directors of Cemex Holdings Philippines, Inc. held on 28 July 2022, the board of directors approved: the resignation of Alejandro Garcia Cogollos as member of the Board of Directors and as Vice President for Planning and Administration effective July 28, 2022 and August 01, 2022, respectively and the election of Mr. Jesús Ortiz de la Fuente as a member of the Board of Directors and his appointment as Vice President for Strategic Planning effective July 29, 2022 and August 01, 2022, respectively. Mr. Garcia tendered his resignation due to his re-assignment to another position n the CEMEX organization. Jesús Ortiz de la Fuente is a Mexican national, Mr. Ortiz holds a Bachelor's degree in Mechanical Engineering from Instituto Technologico y de Estudios Superiores de Monterrey and he obtained in 2010 a Master of Business Administration degree from Stanford Graduate School of Business.

He joined CEMEX in 2004 through its executive trainee program. During the earlier stage of his career in CEMEX, Mr. Ortiz was based in the United Kingdom, Germany and Monterrey, Mexico and was primely immersed in the enterprise risk management area of the organization. From 2013 to 2014 he held the position of the Enterprise Risk Management Director of CEMEX Colombia, and from 2015 to 2018 he was the Investor Relations Officer of Cemex Latam Holdings, S.A. In 2018, he returned to CEMEX's operations in Mexico when he assumed the position of Strategic Planning Director (Industrial Customers, Operations & Supply Chain), position he held until he was appointed in 2020 as the Commercial Development Director of the Distribution Channel of CEMEX Mexico.