Lafarge Africa Wednesday chose Nigerian Lolu Alade-Akinyemi to take over the helm after its directors’ board held an emergency meeting at which it agreed to CEO Khaled El-Dokani’s decision to exit the firm.
Mr El-Dokani’s service ends at the end of June, capping three years of stewardship, which has its defining moment as leading the cement maker to double annual profit in 2020 amid Covid-19 lockdowns.
Profits at the local unit of Paris-based world’s largest cement manufacturer LafargeHolcim jumped to N30.8 billion from N15.5 billion a year earlier that year.
