Dangote Cement Plc has announced the appointment of Dr. Gbenga Fapohunda as its substantive Group Financial Officer, effective January 1, 2025.
The company confirmed this in a corporate filing made through the Nigerian Exchange Ltd. on Wednesday.
In an official statement signed by the Group Managing Director of Dangote Cement, Arvind Pathak, the company highlighted Dr Fapohunda’s extensive expertise in finance, gained from over two decades of experience in the field.
“We believe Dr Fapohunda’s experience and strategic insight will be vital to Dangote Cement’s ongoing growth and success,” Pathak stated.
Dr. Fapohunda’s professional acumen encompasses Financial Control, Risk Management, Treasury Management, Investment Management, Strategy Development, Corporate Governance, and Corporate Finance. His academic background is equally impressive.
He earned a Doctorate in Strategic Management from Rome Business School, an MBA in Finance from London Business School, and 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 professional bodies, including the Institute of Credit and Risk Management, Institute of Cost Management Accountants, and the Chartered Institute of Taxation of Nigeria. His stellar contributions to the finance sector have been recognized through several awards.
Before joining Dangote Cement, Dr. Fapohunda held executive finance positions at globally renowned companies. He served as Executive Finance Director (West Africa) at Japan Tobacco International, Finance Director at United Parcel Service, and Executive Finance Director at British American Tobacco.
Earlier in his career, he gained valuable experience working in financial advisory at PwC and as part of the Assurance Team at KPMG Professional Services.