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Lafarge Africa Plc announces retirement of two directors, appoints new ones

Lafarge Africa Plc has announced the retirement of two of its Non-Executive Directors, as well as the appointment of three new Directors.



Lafarge Africa

Lafarge Africa Plc has announced the retirement of two of its Non-Executive Directors, as well as the appointment of three new Directors. This was disclosed by the company in a notification signed by the Company Secretary, Adewunmi Alode and sent to the Nigerian Stock Exchange (NSE).

The retirements of Non-Executive Directors – Mr. Christof Hassig and Mr Rossen Papazov, was said to have taken effect from April 7, 2020.

Lafarge Africa also announced the appointment of Mr. Gbenga Oyebode as a new Independent Non-Executive Director, Mr. Olivier Guitton as a Non-Executive Director, and Mr. Lolu Alade-Akinyemi as the new Finance Director. All three appointments took effect today, April 8, 2020.

Speaking on the appointment, Chairman of Lafarge Africa Plc, Bolaji Balogun said:

I wish to thank Christof Hassig and Rossen Papazov for their service and contributions to the Board over the last two years and wish them well in the future. 

“I am delighted to welcome Gbenga Oyebode, MFR, Olivier Guitton and Lolu Alade-Akinyemi to the Board of Lafarge Africa. I consider them strong additions with rich and diverse experience and we look forward to working with them on the Board and wish them a successful tenure.”

(READ MORE: Lafarge Africa Plc posts N213 billion revenue, profit up by N17 billion in 2019)

Oyebode’s profile: Oyebode is a lawyer with over 35 years of experience in corporate and commercial practice. He has served in various capacities and companies since he began his career, some of which include being the Chairman of Access Bank. He has also worked as a Director at MTN Nigeria Plc, as well as the Chairman of Okomu Oil Palm Company.

Lafarge Africa provides grant for startups, Lafarge Africa’s latest earnings report reveals 8.5% decline in gross profit , Lafarge Africa gets new CFO one month after resignation of former finance director, Lafarge Plc reveals why it invited Italian man with Coronavirus to Nigeria, Lafarage Africa group Plc posts a revenue of N213 billion in 2019, profit up N17 billion, Lafarge Africa Plc announces retirement of two directors, appoints new ones

Lafarge Africa Plc

Oyebode currently serves on the Boards of Nestle Nigeria Plc, and Socfinaf S.A. He is the Chairman of CFAO Nigeria Plc. Other positions include Member of the Global Advisory Council of the Africa Leadership Academy Johannesburg, Director Jazz at the Lincoln Centre New York and Director African Philanthropy Forum, Member Board of Trustees Carnegie Hall New York, Member Board of Trustees Ford Foundation New York and Director International Lawyers for Africa (ILFA), London.

He holds an LL.M from the University of Pennsylvania, Philadelphia and an LL.B from the University of Ife. Oyebode is also a fellow of the Chartered Institute of Arbitrators (UK) (FCIArb) and the Nigerian Leadership Initiative, as well as a member of the Nigeria Bar Association, the American Bar Association, and the International Bar Association (IBA), amongst others.

He is the founder and Chairman of the management board of Aluko & Oyebode (one of the largest integrated law firms in Nigeria).

(READ MORE: Lafarge Africa Plc said it is sorry for helping bring Coronavirus into Nigeria)

Guitton’s profile: Guitton has over 22 years work experience in the transportation industry and currently holds the position of Head of Finance, Middle East & Africa at Lafargeholcim.

Prior to this, he held various positions within the Bombardier Group as Vice President, Finance, Asia, Bombardier Transportation, Singapore, Vice President, Finance Shared Service, Bombardier Transportation, France, Head of Finance, South Europe, Director, Cash Management, Bombardier Capital, France, General Manager and Division Controller, Europe. He was also the Group Deputy CFO & Group Controller Louis Dreyfus Company, France.

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Guitton holds a Bachelors degree in Business Administration at the EDHEC Business School, French Instit des techniques de Marches (ITM).

Alade-Akinyemi’s profile: Alade-Akinyemi is a certified accountant with 20 years of experience leading and transforming Finance & Supply Chain teams in complex, multinational companies in the United Kingdom, Ghana and Nigeria.

(READ MORE: Jean-Philippe Benard resigns from Lafarge Africa Plc board )

He holds a Master’s degree in Business Administration from the Edinburgh Business School, Scotland, UK, and is currently the Chief Financial Officer and Supply Chain Director of Lafarge Africa Plc.

Prior to joining Lafarge in 2014, he was Finance Director, PZ Cussons Nigeria Plc, Head of Business Operations & Development Strategy, New Business and Head of Supply Chain & Operations, Coca-Cola Bottling Company, Accra-Ghana, Finance Manager (Group Office), Coca-Cola Europe, Eurasia & Middle East Group, London, Finance Manager (Africa Group), Coca-Cola Africa, Windsor, UK and Assistant Budget & Planning Manager at Coca-Cola Nigeria Limited. 

Chidinma holds a degree in Mass communication from Caleb University Lagos and a Masters in view in Public Relations. She strongly believes in self development which has made her volunteer with an NGO on girl child development. She loves writing, reading and travelling. You may contact her via - [email protected]

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Airtel Nigeria announces appointment of Surendran as new Chief Executive Officer

Airtel Nigeria, has announced the appointment of Mr C. Surendran as the new MD/CEO with effect from August 1, 2021.



Like MTN, is Airtel Nigeria considering listing?

Telecommunications giant, Airtel Nigeria, has announced the appointment of Mr C. Surendran as the new Managing Director and Chief Executive Officer with effect from August 1, 2021.

Surendran would be replacing the outgoing Managing Director and Chief Executive of Airtel Nigeria, Olusegun Ogunsanya, who has been elevated to the position of Chief Executive Officer of Airtel Africa Plc with effect from October 1, 2021.

According to a report from the News Agency of Nigeria, this disclosure is contained in a statement issued by Airtel on Wednesday, May 5, 2021, in Lagos.

READ: Airtel Africa signs new $500 million loan with Bank of America, HSBC, others

The statement says that Surendran would also be appointed to the Executive Committee (ExCo) as Regional Operating Director, reporting to the CEO of Airtel Africa plc, and onto the Board of Airtel Networks (Nigeria) Limited.

Airtel in its statement said, “Surendran has been with Bharti Airtel since 2003 and has contributed immensely in various roles across customer experience, sales and business operations.

He was the Chief Executive Officer of Karnataka, which is the largest circle in Airtel India, with over one billion dollars in revenue.

Surendran delivered an exceptional performance with significant movement in Revenue Market Share (RMS) over the last few years, currently at 54 percent. He has over 30 years of business experience, including 15 years at Xerox.’’


Airtel said that Surendran would transition into his new role from June 1, 2021, and spend the time onboarding into the business until July 31, 2021.

READ: Meet the latest billionaires on the Nigerian Stock Exchange

In case you missed it

It can be recalled that a few days ago, Airtel Africa Plc, a leading provider of telecommunications and mobile money services in Nigeria and 13 other countries, announced the appointment of Mr Olusegun Ogunsanya as the new Chief Executive Officer, following the notice of retirement given by the current Managing Director/Chief Executive Officer, Raghunath Mandava, to the Board.

In the notification sent by Airtel Africa to the Nigerian Exchange, Ogunsanya is expected to join the board of Airtel Africa with effect from October 1, 2021.

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Guinness announces retirement of Chairman, appoints former Minister as replacement

Guinness Nigeria Plc has announced the appointment of Dr Omobola Johnson as the new Chairman of its board, with effect from July 1, 2021.



Guinness Nigeria Plc has announced the appointment of Dr. Omobola Johnson as the new Chairman of its board, with effect from July 1, 2021.

This follows the retirement of the current Chairman, Babatunde Savage, from the position, with effect from June 30, 2021.

The announcement is contained in a notice sent to the Nigerian Exchange Limited, investing public, and other stakeholders on May 4, 2021, and signed by the Company Secretary, Rotimi Odusola.

READ: Guinness, Int’l Brew, Nigerian Breweries spend N65.5 billion on key acquisitions in 2020

Johnson, who has over 30 years of experience from both the private and public sectors of the Nigerian economy, was a former Minister of Communications Technology and a former Country Managing Director in Accenture.

While commenting on her appointment, Johnson who has been serving on the board of Guinness, said, “Guinness Nigeria is an excellent company with tremendous value creation opportunities, and I believe the refreshed board and management team remain committed to maximizing shareholder value.”

In his letter addressing the board in compliance with the applicable corporate governance regulation, Savage expressed his pleasure at the opportunity to have been a part of the Guinness story over the last four decades.

He thanked the board of Guinness Nigeria and Diageo UK for the opportunity to have served in several capacities, first as an employee who held various strategic senior roles, then as an Executive Director, and later as Chairman of the board, a role that he held for almost 12 years.

READ: Guinness Nigeria’s market value surged by N23.8 billion in March 2021

He said, “After almost 40 amazing years, my journey with Guinness Nigeria is coming to an end. Guinness Nigeria is and will always be family to me.”

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