The top management of Dangote Cement has undergone strategic revisions. The Nigerian cement company has appointed four new people, including the chief executive, two executive directors and a non-executive director, Cherie Blair, the wife of the former British prime minister.
The main objective of these changes is mainly to strengthen the managerial team of the Nigerian cement group and support its growth according to the statement from the firm.
Olakunle Alake, Group Chief Executive
He is the new CEO of Dangote Cement. Olakunle Alake has 34 years of experience in banking, management consulting and manufacturing industries. It has gone through large companies including PrincewaterhouseCoopers, Liberty Merchant Bank Limited and International Trust Bank. He is a regular at home since he has been in the Dangoté group since July 1997. Until then, he was director of operations.
Adenike Fajemirokun, Executive Director of the group
This financial risk expert is the first woman to hold the position of Executive Director of the group. A doctor of risk engineering from the University of Manchester, Adenike Fajemirokun has 18 years of experience in risk management in banking, engineering and industry. She has worked for London’s Goldman Sachs and Germany’s Deutsche Bank, where she headed the operational risk department for the bank’s global operations. In Nigeria, she first moved to First Bank before founding AFRisk Management Consultants, a company specializing in enterprise risk management. Before becoming executive director of the group, Fajemirokun headed the “Risk” department.
Austine Ometoruwa, Group Executive Director, Finance and Treasury
Austine Ometoruwa who has known several companies and several countries joined the group Dangote Cement. For 25 years he advised the Dangote Group through his own company, Boston Trico Capital LLC, which he founded in 1990. He also has 35 years of experience in finance built between Africa, Europe, the United States. America and the Middle East notably at Chase Manhattan Bank, Bank of Boston, Standard Bank of South Africa or Citigroup.
Through these changes, Aliko Dangote, CEO of Dangote Group, would like to boost things for more efficiency.