NIGERIA – BUA Cement, one of Nigeria’s largest cement manufacturing companies, has appointed Jacques Piekarski as its new Executive Director and Chief Finance Officer.

A seasoned finance professional with over 26 years’ experience, Jacques Piekarski has had an illustrious career and has held several C-suite finance roles across Europe and Africa in FMCG, Cement, Trading, and Mining.

 Prior to joining BUA Cement, Jacques was Group CFO for TGI Group Nigeria – one of the largest Privately owned Food and Agriculture conglomerate in the country.

He joined this role from Flour Mills of Nigeria- another food manufacturing giant in the West African region- where he was also Group CFO.

“The Board is confident that Jacques broad experience, strong leadership capabilities and understanding of the industry will ensure that BUA Cement is well positioned to take advantage of available opportunities to drive improved operational performance and sustain our profitable growth trajectory.”

Abdul Samad Rabiu – Chairman, BUA Cement Plc

Prior to joining BUA Cement, Jacques has also garnered an extensive knowledge of the cement industry form his time as the CFO for Holcim (today LafargeHolcim) in Egypt with a joint venture with the Orascom Group.

During his tenure, the plant was the second largest single plant in the world with 8mt capacity.

In this role, Jacques was actively involved in building-up the finance department, financing the plant expansion and monitoring its budget, implementing Holcim financial standards and a vast cost reduction program.

Over the course of his career, Jacques, a charismatic, results-driven and dynamic leader, with a strong business acumen, has had significant achievements in setting-up or re-organizing finance departments.

He also sourced financing (loans, bond, rights issue, debt restructuring and re-financing) for companies, structured revenue and cost optimization programs, and oversaw various expansion and projects including ERP implementations, and controlling.

A Swiss and French National, Jacques was born in Switzerland and is a graduate from the Business School in Lausanne, Switzerland.

Jacques who is the President of the Swiss Nigerian Business Council in Lagos also holds an MBA from the Robert Kennedy College, Zurich, Switzerland.

BUA Cement is the second-largest manufacturing company by Market capitalization on the Nigerian Stock Exchange.

The company currently has plants in Sokoto and Edo states with a total installed capacity of 8million metric tonnes per annum.

The company is expected to complete construction of an additional 3million metric tonnes per annum plant in Sokoto by 2021.

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