Lafarge Africa Strengthens Board with New Appointments, Reaffirms Confidence in Key Directors

Lafarge Africa Plc has announced key updates to its Board of Directors, following shareholder approvals at its 66th Annual General Meeting (AGM) held on April 25, 2025, in Lagos. The company ratified the appointments of Mrs. Olusola Oworu as an Independent Non-Executive Director and Mr. Taner Demir as a Non-Executive Director, expanding the diversity and expertise of its boardroom.

Mrs. Oworu, a former Lagos State Commissioner for Commerce and Industry, brings deep public policy and private sector experience to the board. Mr. Demir, who also joins the Statutory Audit Committee as a Board representative, adds international business acumen and operational oversight to the company’s governance structure.

In addition to the new appointments, shareholders voted to re-elect three existing directors: Mrs. Adenike Ogunlesi, a leading entrepreneur in the Nigerian fashion industry; Mrs. Oyinkan Adewale, FCA, a seasoned financial executive; and Mr. Kaspar Theiler, who represents LafargeHolcim’s global interests on the board.

The mix of new and returning directors reinforces Lafarge Africa’s emphasis on strong governance, continuity, and strategic alignment with both local markets and international stakeholders.

The AGM also featured key resolutions including a N19.33 billion final dividend declaration for 2024, the approval of N120 million in remuneration for Non-Executive Directors, and the renewal of the mandate for related party transactions. An amendment to the company’s Memorandum of Association was also approved to allow entry into the waste management sector.