Dangote Cement Names Fapohunda as Group Financial Officer

 Dangote Cement Plc has announced the appointment of Dr. Gbenga Fapohunda as its new Group Financial Officer, effective January 1, 2025. This appointment was confirmed in a corporate filing with the Nigerian Exchange Ltd. on Wednesday.

In an official statement signed by Arvind Pathak, the Group Managing Director of Dangote Cement, the company emphasized Dr. Fapohunda's extensive financial expertise, acquired over more than two decades in the industry.

“We are confident that Dr. Fapohunda’s wealth of experience and strategic insight will be key to Dangote Cement’s continued growth and success,” stated Pathak.

Dr. Fapohunda’s professional expertise spans areas such as Financial Control, Risk Management, Treasury Management, Investment Management, Strategy Development, Corporate Governance, and Corporate Finance. His academic credentials are equally impressive. He holds 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 prestigious professional bodies, including the Institute of Credit and Risk Management, the Institute of Cost Management Accountants, and the Chartered Institute of Taxation of Nigeria. Dr. Fapohunda has also been recognized with numerous awards for his outstanding contributions to the finance sector.

Before joining Dangote Cement, Dr. Fapohunda held senior finance roles 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 in financial advisory at PwC and as part of the Assurance Team at KPMG Professional Services.