Business

Lafarge Africa Plc appoints Gbenga Oyebode as Board Chairman

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Lafarge Africa Plc has notified the investing public of the appointment of Mr. Gbenga Oyebode MFR as the Chairman of its board, effective 27th April 2024. Mr. Gbenga is succeeding Mr. Adebode Adefioye who voluntarily retired as the Board Chairman of the Company.

Oyebode is the Chairman, Nominations, Governance and Remuneration Committee, member of the Risk Management and Ethics Committee and a member of the Finance and Strategy Committee of Lafarge Africa Plc. He has over 42 years of experience in legal, corporate governance and business operations, having graduated from the University of Ife (LL.B Honours), and the University of Pennsylvania, Philadelphia (LL.M).

Mr. Oyebode is the Chairman of Okomu Oil Palm Company Plc, Chairman of Nestle Nigeria Plc and Chairman of CFAO Nigeria. He was the Chairman of the Board of Access Bank from 2005-2015, a member of the Board of MTN Nigeria Plc from 2001 to 2019 and a Trustee of the Ford Foundation New York. He was appointed as a member of the Board of Lafarge Africa Plc on the 8th April 2020.

Mr. Oyebode MFR will step down from all Board Committees of the Company on assumption of the role as Chairman of the Board.

While bidding farewell to the members of the Board Mr. Adefioye said, “My tenure on the Board is filled with good memories. The Company has witnessed significant transformation in the last four years and I am happy that this is attributable to the efforts of every member of the Board. I feel fulfilled in retiring as Chairman knowing fully well that I will be leaving the leadership of the Board in good hands. I am grateful for the support of the entire Board and the confidence reposed in me.”

The Group Managing Director of Lafarge Africa Plc, Lolu Alade-Akinyemi, said, “Mr. Adefioye has been a supportive Board Chairman. The entire Management team of the Company appreciates his guidance and leadership and wish him well in his future endeavours. I welcome Mr. Gbenga Oyebode MFR and look forward to working closely with him as the Chairman of the Board in delivering the Company’s objectives.’’

Mr. Oyebode commented, “I am honoured to be appointed Chairman of this great Company. I appreciate the leadership of Mr. Adebode Adefioye. I am confident that with the support of my colleagues on the Board and Management, and in our drive for excellence and innovation, Lafarge Africa Plc will achieve financial growth for her Shareholders and investors as well as create value for all stakeholders. The Company will also be the leading building solutions company in Nigeria creating sustainable positive impact in our society and environment”.

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