Dangote Cement Plc. appoints Ms. Berlina Moroole as non-Executive Director

NIGERIADangote Cement Plc, one of Africa’s largest cement manufacturing companies,  has announced the appointment of Ms. Berlina Moroole to its Board as a Non-Executive Director.

The cement giant noted that Ms. Berlina Moraale’s will assume office as non-executive Director once her appointment has been approved by shareholders who will meet during the company’s next Annual General Meeting.

Accoriding to a statement by Dangote Cement, Ms. Moroole is the Chief Internal Audit, Risk and Sustainability Officer for Motus Holding.

Ms. Moroole is also the Chair of  the Board of Assupol (Audit Committee – Chair, Risk Committee and Social & Ethnic Committee – Chair) and M-sure.

Ms. Moroole was previously the CRO and Chief Audit Executive for Liberty Holding Group, Board member of a schedule 3 public entity in South Africa (Legal Aids South Africa) and an Audit Advisory Committee member for one of the United Nation agencies (UNFPA).

“She is also a former Group CRO and CAE of a listed entity, Partner at Deloitte, Senior Manager for SARS internal audit department and internal auditor at CSIR Corporate Audit Services,” the Dangote Cement disclosure revealed.

Late last year in November, Asue Ighodalo, Thabo Mabe, Halima Aliko Dangote, Olakunle Alake, Arnold Ekpe, and Yabawa Lawan Wabi (MNI) all stepped down from the board causing a massive shakeup.

Dangote Cement however swiftly responded by appointing four new directors to take up their space.

Dangote Cement recently released H1 2020 unaudited result for the period revealing a profit of N126.14 billion (US$329 million), against N119.24 billion (US$311 million) recorded H1 of 2019.

Its revenue had revealed a marginal 2% increase as it earned N476.85 billion (US$1.243 billion) for the period ended June 2020 while in 2019, its revenue stood at N467.73billion (US$1.22 billion).

Speaking on the results, Group Managing Director, Dangote Cement, Michel Puchercos, said: “I am humbled by the fact that we continue to be in a strong position despite the economic downturn that the world is facing due to COVID-19”

Puchercos further noted that Dangote Cement was committed to protecting its team members and communities against the COVID-19 pandemic by being fully compliant with health and safety measures.

“We remain focused on adapting to the rapidly evolving markets in which we operate and we will continue to deploy our efforts to maintain our cost competitiveness while ensuring that our balance sheet is resilient,” Puchercos affirmed.

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