- Morgan Stanley Sees Loss of $159 Million; Stock Falls
- Pfizer's Profit Slightly Tops Forecasts
- Complete Earnings Coverage: PepsiCo, Delta, & More
- Mortgage Applications Climb but Job Fears Weigh
- GE Capital Pulls Back From US-Backed Debt Program
- Chrysler to Double 'Cash For Clunkers' Incentive
- KBW Now Says BofA Won't Face $12 Billion Charge
- Actor Stephen Baldwin Declares Bankruptcy
- Avon to Eliminate About 1,200 Jobs by 2013
- Earnings Preview - 3 Industrials Worth a Look
- Apple Conference Call Live Blog
- Apple Wallops Wall Street
- Morgan Stanley Earnings Preview: What to Expect (Video)
- Apple On Deck for Another Dinger?
- How Will You Spend Your Furlough?
- Watergate is a Steal
- So Much For That 'Watson Bump'
- Expect Apple to Report Strong Earnings: Strategist
Text Size 
Cement maker PT Holcim Indonesia told Reuters its chief executive, Tim Mackay, was killed in a bomb blast at a hotel in Jakarta on Friday, sending the firm's shares down more than 5 percent.
"He is dead," said the company's marketing director Patrick Walser, confirming that Mackay had been killed in an explosion.
Indonesian police said nine people were killed by bomb blasts at two hotels, the JW Marriott and the Ritz Carlton, in Jakarta's business district.
Local television said two people were also killed in a third explosion, a car bomb north of the capital.
Holcim Indonesia is 77.3 percent owned by the world's second-largest cement maker, Holcim of Switzerland.
The Indonesian entity is the country's third-biggest cement producer with annual output of around 7 million tones.
Holcim Indonesia's shares dropped 5.26 percent as of 0430 GMT, compared to a 1.25 percent fall in the benchmark Jakarta index. Mackay became CEO of the company in 2004, the firm's website said.
In 2006 he changed the company's name from PT Semen Cibinong to PT Holcim Indonesia, and is credited with helping transform the firm into a profitable and competitive company.
Data is a real-time snapshot *Data is delayed at least 15 minutes