01—Abstract
Summary
Summary of the 8-K filed March 31, 2026. Cited figures are marked; the original filing is the authoritative source.
On March 31, 2026, Amrize Ltd (NYSE: AMRZ) announced that its Board appointed Baris Oran as Chief Financial Officer, effective April 1, 2026.
Oran, 52, most recently served as CFO of GXO Logistics from August 2021 to March 2026, and previously held CFO roles at XPO Logistics and the Sabanci Group. He succeeds Ian Johnston, who steps down as CFO effective March 31, 2026, and will remain with the company on garden leave through March 31, 2027 as a senior advisor to support the transition. The filing states that Johnston's departure is not related to any disagreement with the company on financial controls, financial reporting, operations, policies, or practices.
Oran's employment agreement provides a $750,000a base salary, an annual bonus target of 100% of salary with a 200% maximum, a minimum long-term equity grant target value of 325% of salary, a $29,000 car allowance, and relocation benefits. The agreement carries a 12-month termination notice period and does not provide cash termination or change-of-control payments, though certain equity awards may accelerate on vesting. The filing contains no financial results, guidance, or operational updates.
For investors, this is a planned leadership transition rather than a financial-performance event. The press release emphasizes continuity, crediting Johnston with establishing Amrize's investment-grade credit rating, strong balance sheet, and cash conversion, and positioning Oran to focus on capital allocation, M&A, and profitable growth. Investors may watch for any change in capital allocation priorities or financial communications under new leadership.
02—Key points
Key Highlights
- Baris Oran appointed CFO and Executive Committee member effective April 1, 2026, succeeding Ian Johnston
- Oran brings prior CFO experience at GXO Logistics (2021–2026), XPO Logistics, and the Sabanci Group, with expertise in M&A, capital allocation, and capital markets
- Johnston's CFO role ended March 31, 2026; he remains as a full-time employee and senior advisor on garden leave through March 31, 2027
- Oran's compensation: $750,000 base salary, 100% target annual bonus (200% max), long-term equity target of at least 325% of salary, and a $29,000 car allowance
- Employment agreement has a 12-month termination notice period with no cash termination or change-of-control payments beyond certain equity acceleration
- The filing states Johnston's departure is not related to any disagreement over financial controls, reporting, operations, policies, or practices
- Company credits Johnston with establishing Amrize's investment-grade credit rating, strong balance sheet, and leading cash conversion; no financial results or guidance were disclosed
03—Questions
Frequently Asked Questions
Who is replacing Amrize's CFO and when does the change take effect?
Baris Oran, formerly CFO of GXO Logistics, was appointed Chief Financial Officer effective April 1, 2026, succeeding Ian Johnston, whose CFO service ended March 31, 2026.
Was Ian Johnston's departure due to a disagreement with the company?
No. The filing states that Johnston's change in position is not related to any disagreement with the company on financial controls, financial reporting, operations, policies, or practices.
What is Baris Oran's compensation package?
Oran receives a $750,000 annual base salary, a bonus target of 100% of salary (maximum 200%), long-term equity grants with a minimum target value of 325% of salary, a $29,000 annual car allowance, standard benefits, and relocation support.
Does Oran's employment agreement include large severance or change-of-control payments?
No. The agreement includes a 12-month termination notice period and does not entitle Oran to termination or change-of-control cash payments, though certain equity awards may vest on an accelerated basis.
Does this filing change Amrize's financial outlook?
The filing contains no financial results, guidance, or operational updates. It addresses only the executive transition, though investors may watch for any shifts in capital allocation or financial reporting under new leadership.
04—Continue