Lafarge Africa Plc, one of Nigeria’s leading cement manufacturing companies, is undergoing a significant leadership transition as it bids farewell to its Chief Executive Officer, Khaled El-Dokani, and welcomes Lolu Alade-Akinyemi as his successor.
In an official statement released yesterday, Lafarge Africa Plc informed shareholders and the investing public about the resignation of Mr. Khaled El-Dokani as the Group Managing Director/Chief Executive Officer (GMD/CEO), effective from June 30, 2023.
Mr. El-Dokani joined the board of the company as an Executive Director on January 18, 2020, and his tenure was marked by exceptional leadership during challenging times.
Under Mr. El-Dokani’s guidance, Lafarge Africa Plc successfully navigated the unprecedented challenges posed by the COVID-19 pandemic, achieving remarkable financial performance year after year.
He implemented a comprehensive turnaround plan that addressed the company’s industrial, financial, and human resource challenges, earning accolades for his strategic decision-making.
Although stepping down as GMD/CEO, Mr. El-Dokani will continue to contribute to the company as a Non-Executive Director, leveraging his extensive experience and expertise to support the future growth and success of Lafarge Africa Plc.
Mr. Lolu Alade-Akinyemi Appointed as the New Group Managing Director/CEO
Simultaneously, Lafarge Africa Plc announced the appointment of Mr. Lolu Alade-Akinyemi as the new Group Managing Director/CEO, effective from July 1, 2023. Mr. Alade-Akinyemi brings a wealth of experience and a proven track record in various leadership roles within the company.
He previously served as the Chief Financial Officer (CFO) and the supply chain director of Lafarge Africa Plc, joining the board as an Executive Director on April 8, 2020.
With over 20 years of cross-functional experience in finance, supply chain management, business development, and sales, Mr. Alade-Akinyemi has demonstrated his ability to drive growth and improve business performance.
His achievements in turnaround situations, coupled with his extensive international exposure gained through working in the UK, Belgium, Ghana, and Nigeria, make him well-suited to lead Lafarge Africa Plc in its next phase of growth and expansion.
Mr. Alade-Akinyemi’s impressive professional background includes his tenure as Finance Director at PZ Cussons Nigeria Plc for four years, as well as a 16-year career at The Coca-Cola Company, where he held roles of increasing responsibility in finance, business development, supply chain, and sales.
He began his career as a trainee at ExxonMobil before carving his path as a seasoned business executive.
The board of Lafarge Africa Plc expressed their gratitude to Mr. Khaled El-Dokani for his dedicated service and exceptional leadership during his tenure as GMD/CEO. They acknowledged his significant contributions, which propelled the company’s success even in the face of challenging circumstances.
Meanwhile, the board extended their warmest congratulations to Mr. Lolu Alade-Akinyemi on his appointment as the new Group Managing Director/CEO. They expressed confidence in his ability to build upon the company’s achievements and drive Lafarge Africa Plc towards greater heights.
Meet Dr. Olayemi Michael Cardoso: Nigeria’s New CBN Governor and His Remarkable Journey
Dr. Olayemi Michael Cardoso has been nominated by President Bola Tinubu to serve as the new Governor of the Central Bank of Nigeria for a term of five years, pending confirmation by the Senate.
Here’s what you need to know about him:
- Early Life and Education: Olayemi Cardoso is a Lagosian who spent his formative years in Lagos. He attended Corona School Ikoyi and St. Gregory’s College in Lagos for his primary and secondary education, respectively.
- Family Background: His father, Felix Bankole Cardoso, held prominent positions in Nigeria, serving as the first indigenous Accountant-General of the Federation of Nigeria in 1963. He was also the first indigenous Vice Chairman and Managing Director of Barclays Bank of Nigeria. Under his leadership, Barclays transformed into Union Bank of Nigeria, becoming a wholly-owned Nigerian entity.
- Educational Background: Olayemi Cardoso obtained a Bachelor’s degree in Managerial and Administrative Studies from Aston University in 1980. He furthered his education at the Harvard Kennedy School of Government, earning a Master’s degree in Public Administration in 2005 as a Mason Fellow.
- Honors and Recognitions: In recognition of his exceptional achievements in both the private and public sectors, Aston University awarded him an honorary Doctorate in Business Administration (DBA) in 2017. He is also esteemed as a Fellow of the Chartered Institute of Stockbrokers.
- Professional Background: Dr. Olayemi Michael Cardoso is a Nigerian banker, chartered stockbroker, and public policy expert. He has a remarkable track record of service spanning over four decades in various leadership roles in the public, private, and development sectors.
- Key Roles: Notable positions he has held include Commissioner in the Lagos State Ministry of Economic Planning and Budget. He has also served as the Chairman of the board of the African Venture Philanthropy Alliance. Most recently, he was the Chairman of Citibank Nigeria Ltd for an impressive 12-year tenure until his resignation in 2022.
- Family Life: Dr. Cardoso is known as a dedicated family man. He is married and has five children and three grandchildren. His family has a unique heritage as descendants of Brazilian returnees and hails from prominent families from Popo Aguda.
Dr. Olayemi Michael Cardoso brings a wealth of experience and expertise to his role as the nominated Governor of the Central Bank of Nigeria. His background in finance, public administration, and policy, as well as his distinguished career, make him a significant figure in Nigeria’s financial landscape. His nomination is subject to confirmation by the Senate, after which he will assume the position for a term of five years.
Zenith Bank Appoints Dr. Juliet Ehimuan as Non-Executive Director
The Board of Directors of Zenith Bank Plc has appointed Dr. Juliet Ehimuan as a Non-Executive Director of the bank effective August 29, 2023.
The appointment, which was announced in a statement to the Nigerian Exchange (NGX) Limited on Tuesday, August 29, 2023, has also be confirmed by the Central Bank of Nigeria.
Dr Juliet Ehimuan is the Founder and CEO of Beyond Limits and the immediate past Director of Google West Africa. She was named by Forbes as one of the top 20 power women in Africa, by the London Business School as one of 30 people changing the world, and as one of the Most Influential People of African Descent (MIPAD). She was also featured in the BBC Africa Power Women series, and on CNN Innovate Africa.
With over 25 years experience primarily in Technology, Oil & Gas, and New Media industries across Europe, Middle East and Africa; Juliet is a leading voice on Innovation, Transformation, and Leadership.
During her remarkable 12-year tenure at Google, Juliet played a pivotal role in expanding the company’s presence in Nigeria and the wider West Africa region. She championed initiatives to increase digital access, local content development, skills acquisition, entrepreneurial growth, innovation, and fostered strategic partnerships with leading private sector and government institutions.
Dr Juliet has made significant contributions to the tech ecosystem in Nigeria and Africa at large. She served on committees that developed the national broadband plan and ICT incubation strategy in Nigeria, and has been involved in national strategic advisory groups focused on economic growth. These engagements demonstrate her commitment to shaping the future of tech in Africa. She has received numerous awards for outstanding contribution to the digital landscape in Africa.
She holds board positions across multiple industries including Finance, FMCG, Oil & Gas, Education and social enterprises.
Her education includes a Doctoral degree in Business from Walden University in Minneapolis, an Executive MBA from the London Business School, a Postgraduate degree in Computer Science from the University of Cambridge; and a BSc in Computer Engineering (1st class honours) from the Obafemi Awolowo University, Ile-Ife.
She is a recipient of the London Business School Global Women’s Scholarship, and at Cambridge University was awarded Selwyn College Scholar and Malaysian Commonwealth Scholar. She is a Fellow of the Cambridge Commonwealth Society.
She was awarded IT Personality of the Year in 2012 by the Nigeria Computer Society, Digital Personality of the year 2016 by Marketing World; and received a 2015 Titans of Technology award from Technology Africa. She is a published Author, Executive Coach, and a member of the Forbes Coaches’ Council.
Banking Veteran Mrs. Yemisi Lowo-Adesola Appointed to BUA Foods Plc Board
BUA Foods Plc, a leading player in the Nigerian agribusiness industry, has announced the appointment of Mrs. Yemisi Lowo-Adesola as an Independent Non-Executive Director.
According to the company, the decision was made at the recent Board of Directors meeting held on July 27, 2023.
Yemisi Lowo- Adesola is an experienced Senior Executive with over 30 years experience in banking and finance across Sub-Saharan Africa, spanning diverse functional areas including Corporate & Institutional Banking, Correspondent Banking, Developmental Finance, Investment Banking and Private Equity.
Yemisi is the Managing Director of CedarLink Advisory & Management Services Limited. Prior to the foregoing, she worked in Standard Chartered Bank where she held several senior management roles over a nine-year period, culminating in the role of Managing Director & Regional Head of Financial Institutions for Africa, with responsibility for a multi-culturally diverse team across fourteen countries in Sub-Saharan Africa.
In the course of her career, Yemisi occupied a range of senior management roles at the International Finance Corporation (a member of the World Bank Group), First Bank of Nigeria Group, Investment Banking & Trust Company Limited (now Stanbic IBTC Plc), and Vee Networks Limited (now Airtel Nigeria Limited).
Yemisi holds a BSc (with honours) from Obafemi Awolowo University, Ile-Ife, Nigeria, and an MBA from Cranfield University School of Management, United Kingdom. She is a distinguished Fellow of the Institute of Chartered Accountants of Nigeria and the Chartered Institute of Stockbrokers. She has also undergone executive development training at the London Business School, INSEAD, Wharton Business School, and Harvard Business School.
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