Known as West Africa’s largest and most diversified business conglomerate, Dangote Industries Limited (DIL), has recently announced the appointment of a new executive management team in a bid to further strengthen and evolve the company’s already successful corporate strategy.
Specialising in manufacturing, refining, and distributing several commodities such as cement, sugar, pasta, and salt to name a few, the company’s hard-earned reputation in the quality of its products and services has made it the multi-billion Naira company that it is today.
The organisational restructure sees Dr. Adenike Fajemirokun become the Group’s first female Executive Director. Speaking on the appointment, President & Chief Executive, Aliko Dangote commented, saying “it is exciting seeing a female occupy such a high position. We are gender sensitive and create equal opportunities for both male and females to get to the top”. With experience in developing and implementing risk management strategies spanning 18 years, Dr. Fajemirokun will continue her duties as Chief Risk Officer in addition to the new management role.
Olakunle Alake, formerly Chief Operating Officer, will now take on the role of Group Managing Director. Having joined the group in 1997, Alake served as Financial Controller and Head of Strategic Services till 2001 after which he was appointed to the Group Board.
The accomplished international investment banker, Austine Ometoruwa is now Group Executive Director, Corporate Finance and Treasury. Prior to joining the Dangote Group, Ometoruwa provided advisory services to the group in his time as Executive Chairman of his firm, Boston Trico Capital LLC.
The appointment of two Non-Executive Directors has brought Cherie Blair CBE, QC and Mick Davies to the management team. Having graduated with a First Class Honours degree in Law at the London School of Economics (LSE) and being Queen’s Counsel in the late ‘90s, Blair is a leading barrister with over 35 years’ experience in arbitration, mediation, public international law, human rights, employment law and European Community law. In 2013, she was awarded a Commander of the Order of the British Empire (CBE) for her efforts and services to women’s issues and charity.
Sir. Mick Davies has occupied a number of directorship positions and is currently Chief Executive of the Conservative Party in the United Kingdom. His experience in capital markets and corporate transactions has meant that he has raised over $40 billion from global capital markets alone.
Speaking on his new executive management team, Dangote said “The new appointments are to strengthen the Group’s executive management team and to consolidate on its strategic business growth trajectory”.
With such extensive experience between them, the new team is sure to do just that.