By InvestAdvocate
Lagos (INVESTADVOCATE)-Cement producers, Lafarge Africa Plc said on Wednesday it has appointed Peter Hoddinott as the new group managing director /chief executive officer (CEO).
The company said in an issuer’s announcement that its board met on Wednesday 15 July 2015 and appointed Hoddinott as the new CEO.
Lafarge Africa says the former CEO, Guillaume Roux, will remain on the board as a director.
According to the cement maker, Hoddinott is a British mining engineer and spent his early career in the mines of Southern Africa before joining the cement industry, Blue Circle in 1988. Prior to this appointment he worked as a lecturer in Imperial College of Science and Technology, London University from 1983 to 1988.
“While at Blue Circle, he worked in the Technical Centre and also managed the UK cement plants before going to the Philippines as CEO in 1999. When Lafarge took over Blue Circle he stayed in Manila to integrate the two companies, leaving in 2003 to become regional president for Lafarge in Latin America,” the cement maker said.
Lafarge Africa added that in 2007, Hoddinott became regional president for Western Europe – Cement, including Morocco. In 2012, he became executive vice President – Energy & Strategic Sourcing responsible for worldwide energy strategy and sourcing of Lafarge’s $12B/y externally sourced inputs.
The company further affirmed in September 2013, Hoddinott was appointed group executive vice President – Performance. He is currently President of Cembureau, the European Cement Trade Association.
At the close of Wednesday session on the Nigerian bourse, shares of Lafarge Africa declined 0.50 percent to N99.50 from N100.00, losing 0.50 kobo per share.
