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| Makoju and Puchercos. |
Mr. Joseph Makoju, the Group Managing Director/CEO of Dangote
Cement Plc, Joseph Makoju, will retire as GMD/CEO effective January 31, 2020, a
position he has held since 2018; according to a report from the Nigerian Stock
Exchange.
Popularly called Mr. Cement, Mr. Makoju is bowing out after
45 years of transformational leadership in the cement industry after the board approved
the appointment of Michel Puchercos as his replacement as the Group CEO,
effective February 1, 2020.
The outgoing GMD/CEO of Nigeria’s largest cement
manufacturer, holds a B. Sc (1st Class) honours degree in Mechanical
Engineering from University of Nottingham, UK and an M.Phil. in Mechanical
Engineering from the same university. He is also an alumnus (mni) of the
National Institute for Policy and Strategic Studies (NIPSS), Kuru, Jos, Plateau
State.
Before his current position, Mr. Makoju was Honorary Adviser
to the President/Chief Executive of Dangote Industries Limited, Aliko Dangote,
from 2009 to 2018. He was also Chief Operating Officer, Dangote Cement. He has
worked in several world-class organisations such as Shell-BP; Blue Circle (UK),
and WAPCO which he headed as Managing Director/CE for about a decade before
taking up an appointment as Managing Director/CE of the National Electric Power
Authority (now Power Holding Company of Nigeria).
He had also served as Special Adviser (Electric Power) to former President Olusegun Obasanjo and several other
positions.
As announced, the company has appointed as its new Managing
Director, Mr. Michel Puchercos, who was until his appointment, the Group
Managing Director/CEO of rival company, Lafarge Africa Plc.
The Board of Lafarge Africa had earlier notified the investing
public of the resignation of Mr. Puchercos from the company as the Group
Managing Director/Chief Executive Officer (GMD/CEO) with effect from January
17, 2020. Mr. Puchercos served the company as an executive director on the
board since April 1, 2016.
Lafarge said that during
his tenure as the GMD/CEO, Mr Puchercos implemented a successful turnaround
plan for the business, addressing the legal, financial and management structure
of the company, health and safety improvements and the implementation of new
operating processes.
The board also announced
the appointment of Khaled El Dokani as the new Group Managing Director/Chief
Executive Officer of Lafarge Africa.
Mr. Puchercos has over 20 years’ experience working in the
cement industry, serving in various capacities at Lafarge.
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