Lafarge Africa appoints Chinedu Richard acting CFO, gets Nigeria approval for Roadcem

Cement maker Lafarge has appointed Chinedu Richard its acting chief financial officer.

Mr Richard is to serve from July 1 pending the appointment of a substantive CFO, the company said in a regulatory filing.

He joined Lafarge Africa Plc 11 years ago and has served in different roles within the company’s finance function. He is currently the head, finance planning & analysis for the company.

Prior to joining Lafarge, he worked in finance roles in Dangote Cement Plc and Oando Plc.

Mr Richard is a graduate of Pharmacy from the University of Lagos and holds a master’s in business administration (MBA) from Lagos Business School. He is also a member of The Chartered Institute of Management Accountants (CIMA).

– Roadcem approved

Lafarge also said its road cement brand Roadcem has been approved for use by the Federal Ministry of Works and Housing in Nigeria.

It describes the product as being environmentally friendly, capable of increasing the strength and bearing capacity of the roads, reducing the thickness of the pavement structure, and modifing the chemical and mineral structure of soil materials.

It quotes Osita Ezedozie, the director of Highways (Materials, Geotechnics & Quality Control), at the Federal Ministry of Works and Housing, as saying that: “Following the improved performance observed from the tests, pilot study and evaluation of Roadcem over Ordinary Portland Cement in soil (sharp sand) stabilisation, approval has been granted for the introduction and use of Roadcem for stabilisation of soil (sharp sand) in highway pavement sub-base course construction.”