Dangote Cement taps Fapohunda to steer its finances

By Taiye Olayemi

Dangote Cement has officially appointed Dr Gbenga Fapohunda as its Group Financial Officer, effective January 1, 2025, reinforcing its leadership team with a seasoned finance expert.

The confirmation was disclosed in a corporate filing submitted to the Nigerian Exchange Ltd. (NGX) on Wednesday.

Fapohunda, a finance professional with over 22 years of experience, brings extensive expertise in financial control, risk management, treasury management, investment management, corporate governance, and strategy development.

Arvind Pathak, Group Managing Director of Dangote Cement, expressed confidence in Fapohunda’s ability to drive the company’s financial strategy forward.

“We believe Dr Fapohunda’s experience and strategic insight will be vital to Dangote Cement’s ongoing growth and success,” Pathak stated.

Fapohunda holds a Doctorate in Strategic Management from Rome Business School and an MBA in Finance from London Business School.

He earned his B.Sc. in Accounting from the University of Lagos and is a Fellow of the Institute of Chartered Accountants of Nigeria.

His professional affiliations extend to the Institute of Credit and Risk Management, Institute of Cost Management Accountants, and the Chartered Institute of Taxation of Nigeria.

Before joining Dangote Cement, Fapohunda held key leadership roles, including: Executive Finance Director (West Africa), Japan Tobacco International; Finance Director, United Parcel Service (UPS) and Executive Finance Director, British American Tobacco (BAT)

Earlier in his career, he also gained valuable experience in financial advisory at PwC and served on the Assurance Team at KPMG Professional Services.

Fapohunda has received numerous awards in recognition of his contributions to the finance sector, further cementing his reputation as a leader in corporate finance.