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Business News of Tuesday, 24 December 2019

Source: www.mynigeria.com

Pucheros appointed Dangote GMD, days after exiting Lafarge Africa

Former Chief Executive Officer, Lafarge Africa, Michel Puchercos pictured (left) at an AGM Former Chief Executive Officer, Lafarge Africa, Michel Puchercos pictured (left) at an AGM

Four days after Michel Puchercos resignation from Lafarge Africa Plc as Group Managing Director/Chief Executive Officer (GMD/CEO), the Board of Directors of Dangote Cement Plc have appointed him as their Group Managing Director/Chief Executive Officer (GMD/CEO).

According to a statement released by the firm to the Nigerian Stock Exchange, Puchercos is to replace Engr Joseph Makoju as GMD, whose retirement is effective January 31st, 2020.

Puchercos appointment will go into full effect by February 1st, 2020. His appointment will be included in the company's agenda at the next Annual General Meeting pending shareholders approval.

Mr Pucheros has more than twenty years experience in the cement industry, having served in various capacities at Lafarge including as the President & Chief Executive Officer of Lafarge Halla Cement, Director of Strategy and Systems at Lafarge Gypsum through Chief Executive Officer of Bamburi Cement, Kenya, Hima Cement, Uganda and Chairman, Mbeya Cement, Tanzania. His last appointment was as the Group Managing Director and Country CEO of Lafarge Africa Plc, a company listed on the Nigerian Stock Exchange.