Cement producing company, Lafarge Africa Plc, has named Lolu Alade-Akinyemi the group managing director and chief executive officer (GMD/CEO) after Khaled El-Dokani resigned.
In a statement filed with the Nigerian Stock Exchange, the cement company said the resignation of El-Dokani as the Group Managing Director/Chief Executive Officer of the Company takes effect from 30th June 2023.
El-Dokani was appointed to the Board of the Company on the 18th of January 2020 as an Executive Director. By virtue of his exemplary and outstanding leadership, Mr. El-Dokani 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.
The statement reads that Lafarge Africa outgoing GMD implemented a turnaround plan for the business, thereby addressing the Company’s industrial, financial and human resource challenges.
He successfully entrenched and upheld a strong ethical culture, gender diversity and sustainability principles, which are part of Holcim Group’s core values.
With effect from his resignation as GMD/CEO, Mr. Khaled El-Dokani will cease to be an Executive Director of the Company, but will continue to serve on the Board, as a Non-Executive Director, the statement said.
It said the appointment of Alade-Akinyemi as the GMD/CEO takes effect from 1st July 2023.
Before this appointment, Mr. Alade-Akinyemi was the Chief Financial Officer (CFO) and the company’s supply chain director. He was appointed an Executive Director to the Board on the 8th of April 2020.
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.
He started his career as a trainee at ExxonMobil. Mr.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.