Dangote Cement appoints Fapohunda as Group Financial Officer

Dangote Cement has confirmed the appointment of Dr Gbenga Fapohunda as its substantive Group Financial Officer, effective from Jan. 1, 2025.

The company confirmed this in a corporate filing released through the Nigerian Exchange Ltd. on Wednesday.

Arvind Pathak, Group Managing Director of Dangote Cement, said Fapohunda is a skilled finance professional with over 22 years of relevant experience.

His expertise spans Financial Control, Risk Management, Treasury Management, Investment Management, Strategy Development, Corporate Governance, and Corporate Finance.

Fapohunda holds a Doctorate in Strategic Management from Rome Business School, and an MBA in Finance from London Business School.

He also earned a B.Sc. in Accounting from the University of Lagos.

He is a Fellow of the Institute of Chartered Accountants of Nigeria and an Associate of several other professional bodies.

These include the Institute of Credit and Risk Management, Institute of Cost Management Accountants, and Chartered Institute of Taxation of Nigeria.

Fapohunda has received several awards for his exceptional contributions to the finance sector.

Before joining Dangote Cement, he was Executive Finance Director (West Africa) at Japan Tobacco International.

He previously served as Finance Director at United Parcel Service and Executive Finance Director at British American Tobacco.

Earlier in his career, he worked in financial advisory at PwC and in the Assurance Team at KPMG Professional Services.

“We believe Dr Fapohunda’s experience and strategic insight will be vital to Dangote Cement’s ongoing growth and success,” Pathak stated.