News Update


Header Ads Widget

COMPANY NEWS: Lafarge Cement Loses MD To Dangote Cement As Joseph Makoju Retired As CEO Of Dangote Cement.

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.

Post a Comment