WED, JUNE 07 2023-theGBJournal | Mr. Khaled El-Dokani has resigned as the Group Managing Director/Chief Executive Officer (GMD/CEO) of Lafarge Africa Plc with effect from 30th June 2023, the Board of Directors said in a notification to NGX Exchange and the investing public Wednesday.
Khaled El-Dokani now ceases to be an Executive Director of the Company with effect of his resignation, ”but will continue to serve on the Board, as a Non-Executive Director,” the company said.
El-Dokani is credited with implementing a turnaround plan for the business, addressing the industrial, financial and human resource challenges of the Company.
He is said to have successfully entrenched and upheld a strong ethical culture, gender diversity and sustainability principles, which are part of Holcim Group’s core values.
He also successfully led and navigated the Company through the challenges of COVID-19 pandemic, recording unprecedented financial performance consistently year-on-year in spite of the challenging business environment.
Meanwhile, Lafarge Board has named Mr. Lolu Alade-Akinyemi as El-Dokani’s replacement as the Group Managing Director/Chief Executive Officer (GMD/CEO) of the Company with effect from 1st July 2023.
Prior to this appointment, 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.
Mr. Lolu Alade-Akinyemi has over 20 years cross functional experience in finance, supply chain, business development and sales.
Lolu 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.
Prior to joining Lafarge in 2014, he was Finance Director, PZ Cussons Nigeria Plc for 4 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.
The certified accountant started his career as a trainee at ExxonMobil after graduating with a Bachelor’s degree in Economics from the University of Essex. He also holds an MBA from the Edinburgh Business School, UK.
A member of Holcim Limited and listed on the Nigerian Exchange Group (NGX), Lafarge Africa has the widest footprint in Nigeria with cement operations in the South West (Ewekoro and Sagamu in Ogun State), North East (Ashaka, in Gombe State), South East (Mfamosing, Cross Rivers State) with Ready-Mix operations in Lagos, Abuja and Port Harcourt.
Lafarge Africa has a current installed cement production capacity of 10.5Mtpa.
Twitter-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com| govandbusinessj@gmail.com
