Dangote Cement Plc. Appoints Mr. Alvaro Poncioni Mérian as Independent Non-Executive Director

Dangote Cement Plc. (“DCP”) announced a significant addition to its Board of Directors with the approval of the appointment of Mr. Alvaro Poncioni Mérian as an Independent Non-Executive Director.

The decision was made during the Board’s meeting held on July 27, 2023, and is set to take effect from August 1, 2023.

Mr. Alvaro Poncioni Mérian brings with him a wealth of expertise in the financial and cement sectors, having achieved notable accomplishments in his career.

He is the Founder & Managing Partner of EDNAM Capital, based in the United Kingdom, and also serves as the Founder & Executive Chairman of Munegu Partners, headquartered in Hong Kong.

Mr. Alvaro’s remarkable academic background includes an MSc. in Management & Finance (honours) from HEC Paris and an M.A. in Public Affairs & International Relations (honours) from Sciences-Po Paris. Moreover, he was a Laureate of “Concours General des Lycées,” further showcasing his academic excellence.

Having previously held the prestigious position of Global Head of Building Materials at Morgan Stanley Investment Banking, Mr. Alvaro has extensive experience in cement business transactions.

Over the years, he has established valuable connections across Africa, the Americas, Asia, Europe, and the Middle East, enhancing his understanding of the global cement industry.

The appointment of Mr. Alvaro Poncioni Mérian as an Independent Non-Executive Director will be presented for ratification by the shareholders at the next Annual General Meeting. This step is in compliance with the Companies and Allied Matters Act 2020, demonstrating DCP’s commitment to transparency and corporate governance.

Dangote Cement Plc. is one of the leading cement manufacturers in Africa, renowned for its commitment to excellence, innovation, and sustainable practices in the construction materials industry.