Thursday, 11 June 2015

LAFARGE AFRICA APPOINTS BALOGUN AS CHAIRMAN

The board of directors of cement maker, Lafarge Africa Plc has approved the appointment of Mr Mobolaji Balogun as chairman of the company.
The company, which disclosed this in a notice to the Nigerian Stock Exchange, also announced the voluntary retirement of current chairman Chief Olusegun Osunkeye, effective 23 May, 2015.
According to the notice, the board also approved the resignation of Mr. Fred Amobi as a director of the company.
The board appointed Alhaji Shamsuddeen Usman, Mrs. Elenda Osima-Dokubo, Mrs. Adenike Ogunlesi, Alhaji Umaru Kwairanga and Alhaji Shamsuddeen Usman, as directors of the company effective 11 March 2015.
The notice stated that Usman is a Nigerian economist and banker who is currently the CEO of SUSMAN & Associates, an economic, financial and management consulting firm headquartered in Nigeria.
He was the minister of national planning between January 2009 and September 2013 and was also Nigeria’s finance minister between June 2007 and January 2009.
On her part, Osima-Dokubo is the CEO, Chandrea Lifestyle Limited, an interior designer firm based in Calabar. She was former executive secretary, Cross River State Carnival Commission and former acting MD, Cross River State Tourism Bureau. She was also head, private banking, Chartered Bank now Stanbic IBTC.
Mrs. Ogunlesi is the founder of Ruff ‘n’ Tumble, a children’s clothing line in Nigeria which she turned from a tiny shop, into an instantly recognizable brand. She has built a reputation for being one of the best manufacturers of children’s clothing in Nigeria.
Kwairanga (Sarkin Fulanin Gombe) holds a degree in business administration and an MBA from the University of Maiduguri. He is a member of the Chartered Institute of Stockbrokers of Nigeria with 20 years cognate experience in banking, corporate finance, as well as an active player in the Capital Market. He is a well-travelled executive with vast knowledge of corporate governance practices.

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