Rabat, March 23 -- LafargeHolcim Maroc, the Moroccan subsidiary of a global cement company, has appointed Ali Fassi Fihri to chair its board. Fassi Fihri is replacing former chair Tarafa Marouane, who resigned.

The company made the announcement in a press release issued after the March 19 LafargeHolcim board meeting.

Established in 2015 by the merger of cement companies Lafarge and Holcim, LafargeHolcim describes itself as the leading global building materials company serving masons, builders, architects, and engineers. The company also holds offices in 80 countries and employs 90,000 employees .

LafargeHolcim Maroc posted a significant drop, 18 percent, in its International Financial Reporting Standards consolidated net income from 20...