HARARE – Lafarge Cement Zimbabwe Limited, a leading maker and distributor of cement and allied products for the building industry, on Thursday announced the appointment of American national, John Stull to its board of directors as a non-executive director effective 10 June 2021.
The appointment comes at a time the Zimbabwe Stock Exchange-listed cement producer is gunning to explore opportunities in the infrastructure sector as the Government announced a provision of ZW$4.3 billion for infrastructure development in the 2021 National Budget, as well as on the back of a good agriculture season which the Company expects to trigger a boom in the individual Home Builder segment.
Mr Stull has extensive international experience as a cement industry professional and enterprise leader. Apart from now being a member of the Board of Lafarge Cement Zimbabwe, Mr Stull serves as the Area Manager for Sub Saharan Africa based in Switzerland.
Prior to this role, he was the President and Chief Executive Officer of Holcim Philippines from 2018 to 2021.
With his diverse professional background spanning over 29 years, Mr Stull has also held senior leadership roles in cement and ready mixed operations for several United States of America divisions as well as operations in a number of markets across the world under the Holcim Group, the parent of Lafarge Cement Zimbabwe.
Some of his notable appointments include Regional President for the Sub-Saharan Africa region in Cairo, Egypt, and as the Regional President for Latin America based in Paris, France. He has also served as Senior Vice President – Marketing and Supply Chain for Holcim based in France.
Mr Stull is a holder of a Bachelor of Science degree in chemical engineering from the University of Akron in Ohio and an Advanced Management degree from Harvard University in Massachusetts.
In a statement signed on behalf of the Board, chairperson Kumbirayi Katsande said, “The Board and Management and Staff at Lafarge Cement Zimbabwe Limited warmly welcome John and wish him success in his tenure on the Board.”
The month before the appointment of Stull to the Board, Lafarge commissioned its US$2.8 million dry mortar plant signaling the completion of the Holcim Group’s US$25 million recapitalisation of the Zimbabwean subsidiary.
The new plant is expected to improve the company’s manufacturing capacity per year by over 1 400 percent from 7000 tonnes to 100 000 tonnes of which 40 percent of that is expected to go into the region as exports.
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