Keeping Your Business in Mind

Bamburi Cement Appoints New CEO, Two Non-Executive Directors Effective

Bamburi Cement PLC today announced the appointment of Mr. Mohit Kapoor
as the new Group Chief Executive Officer (CEO), effective April 1,
2023, subject to regulatory approvals.

Mr. Kapoor succeeds Mr. Seddiq Hassani, who has served as the
company’s CEO since his appointment on February 9, 2018, and ends his
five-year tenure on March 31, 2023.

An electrical engineer, marketer and supply chain expert by
profession, Mr. Kapoor was the Country CEO for Holcim Qatar prior to
this appointment. He has also served as the Head of Growth and
Innovation at Holcim India, the Managing Director of Readymix
Projects, the Vice President of Logistics & Supply Chain at Lafarge
India, and the Senior Project Manager for Lafarge Group Audit. He
joins the company at the heart of its repositioning Strategy 2025:
“Accelerating Green Growth” – that seeks to deliver market leadership growth, innovation and sustainable building solutions, solutions and product expansion, and superior performance.

“We are happy to announce Mr. Kapoor as the new CEO of Bamburi Cement
Plc. In an era of socioeconomic, environmental, and innovation
disruptions, Mr. 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,” stated the Chair
of the Board Dr. John Simba, announcing the transition.

During his tenure Mr. Hassani has been responsible for solid
operational and financial performances, a company-wide people and
digital transformation and cement infrastructure and operations that
are future-fit, efficient, and sustainable.

“Bamburi Cement saw consistent brand value in the region under Mr.
Hassani’s leadership. He successfully guided the brand through the
most unprecedented challenges confronting the cement manufacturing
industries, resulting in strong performance following the pandemic
crisis. We commend Mr. Hassani for his consistent leadership,
experience, and valuable counsel to the Board of Directors, and wish
him the best in his future endeavors,” said the Chair.

In addition, the firm’s Board of Directors has appointed two new
Non-Executive Directors following the resignation of Mr. John Stull
and Mr. Guillaume Dubreuil, effective March 31, 2023.

Mr. Rajesh Surana and Ms. Sonal Shrivastava will take over as Non-Executive
Directors on April 1 2023 (subject to regulatory approvals) and as
Holcim Area Manager for East & South Africa and Chief Finance Officer
for Asia, the Middle East, and Africa, respectively.

“The Board congratulates Mr. Surana and Ms. Shrivastava, who together
bring a wealth of experience from leading various multinationals
across different countries and roles. We thank Mr.Stull and Mr.
Dubreuil for their service and wish them the very best in their future
endeavours,” signed off Dr. Simba.

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