Lafarge Africa Plc has announced the appointment of Lolu Alade-Akinyemi, a seasoned business executive with multifaceted international experience as the Group Managing Director/Chief Executive Officer (GMD/CEO) of the company to take effect from July 1, 2023.
The company made this known in a statement issued by Adewunmi Alode, General Counsel and Company Secretary on the order of the Board of Lafarge Africa, officially notified the Nigerian Exchange Limited and the investing public of the changes to the Management of the Company.
The appointment followed the resignation of Khaled El-Dokani as the GMD/CEO of the Company with effect from 30th June 2023.
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.
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.
According to the statement issued by the Company Secretary, El-Dokani was appointed to the Board of the Company on the 18th of January 2020 as an Executive Director, and by virtue of his exemplary and outstanding leadership, he 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 company added that he implemented a turnaround plan for the business thereby addressing the industrial, financial, and human resource challenges of the Company.