Listed Cement manufacturer Lafarge Zambia Plc has announced the appointment of a new Director, according to a published statement from the company
“Pursuant to section 3.59 of the LuSE Listing Requirements, the Board of Directors of Lafarge Zambia PLC (“the Board”) wishes to announce the appointment of Mr John William Stull as a Director on the Board of Directors of Lafarge Zambia Plc (Lafarge) with effect from 31 May 2021”, according to a statement released by Order of the Board by Company Secretary Chibuye Mbesuma Ngulube on 15 June 2021.
This is Stull’s second board appointment in 2021. “Bamburi Cement of Kenya appointed John Stull as a non-executive director following the resignation of Pierre Deleplanque”, according to Global Cement in April 2021. “Stull, an American national, is the Head of Strategy and Mergers & Acquisitions for LafargeHolcim Middle East & Africa region, and has over 28 years’ experience in the LafargeHolcim Group having joined it in 1992 as Operations Manager, Alpena Michigan – USA. In 1996 he was promoted to Vice President, Manufacturing – USA Region, and thereafter held several leadership positions including: President, Missouri Division, Ready Mix and Aggregates; Senior Vice President, Marketing and Supply Chain – Lafarge France; Regional President, Sub-Saharan Africa; President and Chief Executive Officer (CEO) LafargeHolcim USA; CEO US CEM; and prior to his latest role as President & CEO -LafargeHolcim Philippines. He holds a Bachelor of Science Degree in Chemical Engineering from the University of Akron and an Advanced Management Degree from Harvard University.”
This is a big announcement for the board of Lafarge and will no doubt excite the management team. The Board has indicated that it looks forward to Mr John William Stull’s vast contributions to the Company in his capacity as Director on the Board of Directors and wishes him well. According to the Lafarge Holcim website, “Mr. Stull has worked all over the world for Lafarge. He served as regional president Sub-Saharan Africa in Cairo, Egypt in 2009, and regional president, Latin America, based in Paris, France in 2008. From 2005 to 2008, Mr. Stull served as senior vice president of Marketing and Supply Chain where he designed a global cost efficiency program that resulted in savings of €500 million”.
This appointment will no doubt indicate the strategic direction the Zambian outfit seeks to take.