Lafarge Africa Plc ("the Company") hereby announces the retirement of Mr. Christof Hassig and Mr. Rossen Papazov as Non-Executive Directors from the Board of Lafarge Africa Plc with effect from the 7 th April 2020. The Board is pleased to announce the appointments of Mr. Gbenga Oyebode, MFR as an Independent Non-Executive Director, Mr. Olivier Guitton as a Non-Executive Director and Mr. Lolu Alade-Akinyemi as the Finance Director, all effective 8th April, 2020.
Bolaji Balogun, Chairman of Lafarge Africa Plc 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.
Brief Profile Of The Newly Appointed Directors
Mr. Gbenga Oyebode Mfr - Independent Non-Executive Director
Mr. Gbenga Oyebode, MFR is a lawyer with over 35 years of experience in corporate and commercial practice and holds an LL.M from the University of Pennsylvania, Philadelphia, an LL.B from the University of Ife. He is a fellow of the Chartered Institute of Arbitrators (UK) (FCIArb) and the Nigerian Leadership Initiative and a member of the Nigeria Bar Association, the American Bar Association, and the International Bar Association (IBA) amongst others. He was conferred Doctor of Laws (Honoris Causa) by the Ekiti State University, Ado Ekiti (2016) and Elizade University, Ilara Mokin, Ondo State, Nigeria (2017). He is the Chancellor of Elizade University, Ilara Mokin, Ondo State, Nigeria.
Mr. Oyebode, MFR was conferred with one of Nigeria's highest honours, the Member of the Order of the Federal Republic of Nigeria (MFR) in the year 2000. He was also conferred with the Belgian Royal Honour of 'Knight of the Order of Leopold' in 2007
He was the Chairman of Access Bank Plc (2005-2015), Director, MTN Nigeria Plc (2001-2019) and Chairman, Okomu Oil Palm Company (all listed on the Nigerian Stock Exchange) and now serves on the Boards of Nestle Nigeria Plc and Socfinaf S.A (listed on the Luxemburg Stock Exchange). He is the Chairman of CFAO Nigeria Plc.
Mr. Oyebode MFR also sits on the Africa Advisory Committee of the Johannesburg Stock Exchange (JSE), is the Chairman of Teach for Nigeria, Director Teach for All, New York, 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 is the founder and Chairman of the management board of Aluko & Oyebode (one of the largest integrated law firms in Nigeria).
Mr. Olivier Guitton - Non-Executive Director
Mr. Olivier Guitton holds a Bachelor of Business Administration, EDHEC Business School, French Instit des techniques de Marches (ITM) with over 22 years work experience in the transportation industry. He is currently the Head of Finance, Middle East & Africa at Lafargeholcim.
Mr. Guitton has held various positions within the Bombardier Group as VP, Finance, Asia, Bombardier Transportation, Singapore, VP, 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.
Mr. Lolu Alade-Akinyemi - Executive Director
Mr. Lolu 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. 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 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.
Visit Lafarge Africa Plc IR Page in Proshare MARKETS
Graph - One Year Share Price Movement
Table: 2019 Audited Results