Economy

Dangote Cement Plc appoints Alvaro Poncioni Mérian

Published

9 months ago

2023/07/31

Dangote Cement Plc has recently made a significant appointment, welcoming Alvaro Poncioni Mérian as an Independent Non-Executive Director. The official statement signed by the Acting Company Secretary, Edward Imoedemhe, revealed this news, catching the attention of Nairametrics.

According to the statement, the Board of Directors of Dangote Cement Plc. approved Mérian’s appointment during a meeting held on July 27, 2023. His role as an Independent Non-Executive Director will commence on August 1, 2023. The company will present his appointment for ratification by the shareholders at the next Annual General Meeting, in line with the provisions of the Companies and Allied Matters Act 2020.

Mérian’s professional background is impressive, reflecting his expertise and accomplishments in the financial sector. He is the Founder & Managing Partner of EDNAM Capital in the United Kingdom, as well as the Founder & Executive Chairman of Munegu Partners in Hong Kong. Furthermore, Mérian holds notable academic distinctions, including being a Laureate of the “Concours General des Lycées.”

Educationally, he possesses an MSc. in Management & Finance (honors) from HEC Paris and an M.A. in Public Affairs & International Relations (honors) from Sciences-Po Paris. Mérian’s extensive experience includes serving as the Global Head of Building Materials at Morgan Stanley Investment Banking. His wide-ranging relationships span across Africa, the Americas, Asia, Europe, and the Middle East.

Of particular relevance to his new role at Dangote Cement Plc, Mérian has amassed substantial experience in cement business transactions over the years. His appointment to the position of Independent Non-Executive Director is poised to bring valuable insights and expertise to the company.

The appointment of Mr. Alvaro Poncioni Mérian is a noteworthy development for Dangote Cement Plc, enhancing the company’s leadership team and reinforcing its commitment to delivering exceptional performance in the cement industry.