Lafarge Africa Wednesday chose Nigerian Lolu Alade-Akinyemi to take over the helm after its directors’ board held an emergency meeting at which it agreed to CEO Khaled El-Dokani’s decision to exit the firm.
Mr El-Dokani’s service ends at the end of June, capping three years of stewardship, which has its defining moment as leading the cement maker to double annual profit in 2020 amid Covid-19 lockdowns.
Profits at the local unit of Paris-based world’s largest cement manufacturer LafargeHolcim jumped to N30.8 billion from N15.5 billion a year earlier that year.
Lafarge Africa did not disclose Mr El-Dokani’s reason for quitting, but the company said he would get a non-executive director’s role as soon as his appointment ceases.
“He successfully entrenched and upheld a strong ethical culture, gender diversity and sustainability principles, which are part of Holcim Group’s core values,” the company said in a note to the Nigerian Exchange Wednesday.
Mr…
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