Lafarge Africa, a cement manufacturing company, has appointed Mr Lolu Alade-Akinyemi as the Group Managing Director/Chief Executive Office (GMD/CEO) of the company with effect from July 1, 2023.
The appointment followed the resignation of Mr Khaled El-Dokani, the former GMD/CEO from June 30.
The change in the management was contained in the company’s notice to the Nigerian Exchange Limited (NGX).
Alade-Akinyemi has over 20 years of cross-functional experience in finance, supply chain, business development and sales.
He is a seasoned business executive with multifaceted international experience and accomplishments in turnaround situations, transforming processes to improve business performance, fostering growth in challenging business environments, and Profit & Loss oversight.
Before joining Lafarge in 2014, he was Finance Director, at PZ Cussons Nigeria Plc for four years and he was at the Coca-Cola Company for 16 years where he worked in the UK, Belgium, Ghana, and Nigeria taking increased responsibilities in finance, business development, supply chain and sales.
He started his career as a trainee at ExxonMobil. Lolu Alade-Akinyemi is a certified accountant and holds a bachelor’s degree in economics from the University of Essex, and an MBA from the Edinburgh Business School, UK.
Mr Khaled El-Dokani was appointed to the Board of the Company on Jan. 18, 2020 as an Executive Director.
Through his exemplary and outstanding leadership, El-Dokani successfully led and navigated the company through the challenges of the COVID-19 pandemic.
He recorded unprecedented financial performance consistently year-on-year in spite of the challenging business environment.
El-Dokani implemented a turnaround plan for the business, thereby addressing the industrial, financial, and human resource challenges facing the company.
According to the notice signed by Adewunmi Alode, General Counsel & Company Secretary, before this appointment, Mr Alade-Akinyemi was the Chief Financial Officer (CFO) and the supply chain director of the Company.
He was appointed an Executive Director to the Board on the 8th of April 2020. (GBN)