Bruno Bayet has resigned from his position as the Chief Financial Officer of Lafarge Africa Plc.
This was contained in a notification issued by the company to the Nigerian Stock Exchange.
[READ MORE: Lafarge Africa raises fresh capital to tackle rough patch]
Reacting to the development, the Chairman of the Board, Mobolaji Balogun appreciated the financial officer for his contributions towards the firm’s success.
“On behalf of the board, I would like to thank Bruno for his personal commitment, dedication and the significant contributions he has made over his three years at Lafarge Africa Plc.”
The company is currently seeking applications from external and internal sources to fill the post. However, a make-shift arrangement will be made for Marie Christiane Kaul-Meledje to assume an interim role of Chief Financial Officer until a replacement is made.
Lafarge risks NSE sanction: A Nairametrics report made known that Lafarge and 50 other companies might risk sanction by the Nigerian Stock Exchange (NSE) for their failure to comply with corporate governance standards of the Nigerian capital market.
The companies were flagged as 31% of deficient companies placed in three broad categories – Companies with record of recurring multiple deficiencies, firms that failed to submit their financials as and when due, and companies with an unhealthy concentration of shares in the hands of major investors.
[ALSO READ: The deal that helped Lafarge stock gain 18% in less than a week]
Nairametrics also gathered that while NSE was seeking answers from the flagged companies, a possible source at the bourse hinted that delisting might be the final round of action if the requirements were not met.
About Lafarge Africa Plc
Lafarge Africa Plc is a unit of LafargecHolcim Group, one of the biggest building and concrete solutions company in the world.
It is a publicly quoted company on the Nigerian Stock Exchange (NSE) and serves Nigeria and South Africa with a wide range of building and construction solutions, designed to meet housing and construction needs from small projects, like individual home buildings to major construction and infrastructure projects.
[READ FURTHER: 4 things to consider about the Lafarge Africa rights issue]
