Bamburi Cement PLC has appointed Mohit Kapoor as the new Group Chief Executive Officer (CEO), effective April 1, 2023, subject to regulatory approvals.
Seddiq Hassani, the company's CEO from February 2018 until his departure on March 31, 2023, will be replaced by Kapoor.
Kapoor formerly held the position of Country CEO for Holcim Qatar before this assignment.
He has also held positions at Lafarge India's Vice President of Logistics & Supply Chain, the Managing Director of Readymix Projects, the Head of Growth and Innovation at Holcim India, and the Senior Project Manager for Lafarge Group Audit.
Bamburi Board Chair, John Simba said the company is happy to announce Kapoor as the new CEO of Bamburi Cement Plc in an era of socioeconomic, environmental, and innovation disruptions.
“Kapoor’s extensive experience with Lafarge and Holcim, as well as his track record of brand building, innovation, and operational efficiency, have uniquely primed him to lead Bamburi Cement and the team into its next phase of growth,” he said.
Further, he lauded Hassani for his consistent leadership, experience, and valuable counsel to the Board of Directors, and wished him the best in his future endeavours.
In addition, following the resignations of John Stull and Guillaume Dubreuil, effective March 31, 2023, the company's Board of Directors has nominated two new Non-Executive Directors.
On April 1 2023 (pending regulatory permissions), Rajesh Surana and Sonal Shrivastava will succeed as Non-Executive Directors and Holcim Area Manager for East & South Africa and Chief Financial Officer for Asia, the Middle East, and Africa, respectively.
Additionally, the Board congratulated Surana and Shrivastava, who together bring a wealth of experience from leading various multinationals across different countries and roles.
"We thank Stull and Dubreuil for their service and wish them the very best in their future endeavours,” said Simba.