Dangote Cement PLC has announced that its chief executive Michel Puchercos retire from the cement producer on February 28, 2023.
The company, in a statement, said Mr Arvind Pathak will take over the helm following the approval by the board of the cement manufacturing firm.
Mr Puchercos stunned the cement industry three years ago when he resigned from a rival organisation, Lafarge Africa Plc, to take charge of Dangote Cement.
In a statement issued to the Nigerian Exchange (NGX) Limited on Thursday, the company thanked Mr Puchercos “for his commitment and contributions to the board and [wished] him well in his future endeavours.”
Dangote Cement described Mr Pathak as “an experienced business leader who worked as MD and CEO of Birla Corporation Ltd before this appointment.”
He was the Chief Operating Officer and Deputy Group Managing Director of Dangote Cement Plc until 2021.
With over 30 years of experience in the cement industry, he has worked most of his tenure in turning around businesses, operations and maintenance of plants, as well as leading important greenfield projects.
The cement group noted that the appointment of Mr Pathak would be included in the agenda at the next Annual General Meeting for ratification by the shareholders in accordance with the Companies and Allied Matters Act.
While welcoming Mr Pathak back to the company the board said it wished him “success in his new role.”