In a move that suggest the Blue Chip company is looking to expand strategically into mining operations, Dangote Cement Plc notified The Nigerian Stock Exchange of the appointment of Mr. Fidelis Madavo as a member of the Board of Directors of the Company effective July 30, 2014. His appointment will be presented to the Shareholders of the Company for ratification in the next Annual General Meeting.
Mr Fidelis holds B.Sc. in Chemical Engineer from the University of Wales, United Kingdom (1983) before obtaining his M.Sc. in Industrial & Administrative Science from City University, London (1986). He also holds a certificate in International Executive Development Program from Wits Business School & London Business School (2009).
Fidelis started his working career with Bindura Nickel Corp as a Metallurgist (1983 – 1984) before joining Rio Tinto Plc, a mining Company, also as a Metallurgist (1986). In 1998, he became an Executive Assistant to the Chairman while working with JCI Limited, Johannesburg, a mining House.
Between January 1999 and September 2001, Mr Madavo joined Investec Securities Ltd, Johannesburg as a Resources/Mining Analyst and also worked with Citi Group Global Market as the Vice President Mining, October 2002 – October 2006.
He has attended several trainings both within and outside Nigeria and was the Head of Resources/Portfolio Manager, Listed Africa Investments, Public Investment Corporation (PIC) prior to this appointment.
Source: NSE