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Dangote Group Appoints Olakunle Alake As Its New Group Managing Director - Career - Nairaland

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Dangote Group Appoints Olakunle Alake As Its New Group Managing Director by JARUSHUB: 4:24pm On May 04, 2018
In order to strengthen the group’s Executive management team and sustain its strategic business growth trajectory, Africa’s foremost indigenous conglomerate, Dangote Industries Limited (DIL) has announced new appointments.

In the new organizational rejig, Olakunle Alake the erstwhile Chief Operating Officer (COO) is now the Group Managing Director and Dr. Adenike Fajemirokun, the Group Chief Risk Officer has been elevated to the office of Group Executive Director, President’s Office, where she will take on new roles in addition to her schedule as the Risk Officer. She is the first ever female executive director in Dangote Group.

The management also announced the appointment of Austine Ometoruwa as Group Executive Director, Corporate Finance and Treasury.

President/Chief Executive, Dangote Group, Aliko Dangote, speaking on the new appointments said “it is exciting seeing a female occupy such a high position. We are gender sensitive and create equal opportunities for both male and female to get to the top.”

“The new appointments are to strengthen the Group’s executive management team and to consolidate on its strategic business growth trajectory”, he added.

Alake has been the Chief Operating Officer of Dangote Industries Limited since 2007. He serves on the board of Dangote Sugar Refinery Plc, NASCON Allied Industries PLC, Dangote Cement PLC and Dangote Flour Mills PLC. Mr. Alake’s experience spans 34 years which covers banking, management consultancy and manufacturing industries.

He joined Dangote Group in July 1997 and served as its Financial Controller and Head of Strategic Services till 2001 when he was appointed to the board of Dangote Industries Limited as Executive Director/ Group Strategist.

He started his working career at PricewaterhouseCoopers, a firm of Chartered Accountants in September 1984 and left in 1990 to join Liberty Merchant Bank Limited as the Financial Controller for three years.

Between August 1993 and July 1997, Mr. Alake served as the Managing Director/Chief Executive Officer of Liberty Merchant Securities Limited and was part of the team that provided consultancy services for the smooth take-over of the International Trust Bank Plc, by Dangote Group in August 1996. He is a Fellow of the Institute of Chartered Accountants of Nigeria. Mr. Alake holds a Bachelor’s degree in Civil Engineering from Obafemi Awolowo University, Ile-Ife in 1983.

Dr. Fajemirokun, a consummate Risk Management & Insurance specialist has over 18 years diverse experience in developing and implementing risk management strategies in Financial, Engineering, Manufacturing and other industries.

She started her career with Ove Arup and Partners as a Fire Engineer where she was responsible for carrying out qualitative and quantitative risk assessment of various assets and developing risk assessment frameworks for quantifying identified risks.

She later joined Deutsche Bank AG, UK, and served in senior leadership roles such as Director and Global Head Operational Risk, Head of Transaction Management Group for leverage finance at the Corporate and Investment Bank. Prior to specializing in the Risk Management field, she held positions in finance as a front office quantitative analyst at Goldman Sachs London and New York.

Dr. Fajemirokun worked with First Bank of Nigeria where she developed the operational risk management framework for the bank as well as its Business Continuity Certification by the British Standard Institute. She also managed and tracked the firm’s risks across all directorates, transaction services and alternative investments.

In 2010, She founded and headed AFRisk Management Consultants Limited which developed the enterprise risk management frameworks for some of the country’s major institutions including Central Bank of Nigeria, First Bank Nigeria and First Bank Capital Plc.

She was appointed Chief Risk Officer of Dangote Group in 2013 and leads the Risk Management Functions for the Group and its various Businesses where she oversees the company’s governance model and enterprise risk program. She develops and manages processes to identify, assess, monitor and reduce risks that could interfere with the achievement of the company’s goals and objectives. She is also responsible for managing the Group’s Insurance, Procurement Portfolio and Logistics.

A holder of B.Eng. in Civil, Structural and Fire Engineering and a Ph.D. in Risk Informed Engineering both from the University of Manchester, UK, Dr. Fajemirokun is a Fellow of the Engineering and Physical Sciences Research Council (EPSRC) and Specialist member (SIRM) of the Global Institute of Risk Management. She is also a visiting professor at the University of Manchester, UK. She has been recognized globally for her work with the Operational Riskdata Exchange Association (ORX), Institute of Risk Management, UK. She is a member of the Lagos State Research and Innovation Council.

Ometoruwa is an accomplished international investment banker. Prior to joining the Dangote Group as the Group Executive Director, Corporate Finance and Treasury, Austine Ometoruwa provided advisory services to the Dangote Group over the past 25 years in his capacity as the Executive Chairman of his firm, Boston Trico Capital LLC.

He started his professional career as a credit analyst at Chase Manhattan Bank. He thereafter progressed to Bank of Boston as the General Manager in Nigeria before moving on to Standard Bank of South Africa (Stanbic) as Strategy Consultant.

Mr Ometoruwa was the first Nigerian appointed as Executive Director to the Board of Citibank Nigeria leading its West Africa investment banking and subsequently as CEO and Regional Director of Corporate & Investment Bank, Citibank Middle East North Africa (MENA) operating in Cairo, London & New York.

Mr Ometoruwa setup and launched the Africa Finance Corporation (AFC) as the founding President and CEO.

He was awarded the Dean’s Prize and First Class Honours Bachelor’s Degree in Banking and Finance from the University of Lagos, Lagos, Nigeria.

http://www.jarushub.com/kunle-alaka-is-new-group-md-of-dangote-group/



- Adenike Fajemirokun
- Austine Ometoruwa
- Olakunle Alake

11 Likes

Re: Dangote Group Appoints Olakunle Alake As Its New Group Managing Director by Chizuru01(m): 4:32pm On May 04, 2018
shocked WHEN NORTH JOINS WEST THUNDER STRIKES AND PRODUCES CURRENT NIGERIA CONDITION

TAKE NOTE DANGOTE

6 Likes 4 Shares

Re: Dangote Group Appoints Olakunle Alake As Its New Group Managing Director by patyowr: 7:18pm On May 04, 2018
Good
Re: Dangote Group Appoints Olakunle Alake As Its New Group Managing Director by Alejoc(m): 7:19pm On May 04, 2018
shocked

Detribalize Dangote... Going for the best hands as against Buhari embracing only his tribe!

34 Likes 3 Shares

Re: Dangote Group Appoints Olakunle Alake As Its New Group Managing Director by crispus09(m): 7:19pm On May 04, 2018
ok
Re: Dangote Group Appoints Olakunle Alake As Its New Group Managing Director by Nobody: 7:19pm On May 04, 2018
Want to take your business to the next level? Surround yourself with Yoruba people, proven seasoned professional businessmen is what they are! cool

75 Likes 2 Shares

Re: Dangote Group Appoints Olakunle Alake As Its New Group Managing Director by datola: 7:20pm On May 04, 2018
These are outstanding professionals.

See that woman's profile. Young and brilliant! She is also a visiting professor at the University of Manchester, UK

All the best to all of them and the Dangote Group.

18 Likes

Re: Dangote Group Appoints Olakunle Alake As Its New Group Managing Director by SalamRushdie: 7:20pm On May 04, 2018
Workers of life
Re: Dangote Group Appoints Olakunle Alake As Its New Group Managing Director by Is04970: 7:20pm On May 04, 2018
Chizuru01:
shocked am very sure she can ride Dangotes bicycle very well
Shame on you.

36 Likes 1 Share

Re: Dangote Group Appoints Olakunle Alake As Its New Group Managing Director by DoTheNeedful: 7:20pm On May 04, 2018
Chizuru01:
shocked am very sure she can ride Dangotes bicycle very well


You need to cure yourself of three things:

1. Low self esteem.
2. Misogyny
3. Ignorance

Good luck to you as you work on them.

61 Likes 2 Shares

Re: Dangote Group Appoints Olakunle Alake As Its New Group Managing Director by addikt(m): 7:20pm On May 04, 2018
Chizuru01:
shocked am very sure she can ride Dangotes bicycle very well



Dangote does not have bicycles , don't you know he's the richest man in Africa....


Oh wait , what do you mean by bicycle?

10 Likes 1 Share

Re: Dangote Group Appoints Olakunle Alake As Its New Group Managing Director by kristonium(m): 7:20pm On May 04, 2018
Young men!! This is exactly what we want in 2019 elections!
Enough of old men!
Re: Dangote Group Appoints Olakunle Alake As Its New Group Managing Director by coolcharm(m): 7:21pm On May 04, 2018
Chizuru01:
shocked am very sure she can ride Dangotes bicycle very well
at that level.. They don't mix business with pleasure.

Check her profile... She earned it.

26 Likes 2 Shares

Re: Dangote Group Appoints Olakunle Alake As Its New Group Managing Director by Nobody: 7:22pm On May 04, 2018
does anyone know anyone who works with dangote no. cos he pays trash
Re: Dangote Group Appoints Olakunle Alake As Its New Group Managing Director by hilroy: 7:22pm On May 04, 2018
Chizuru01:
shocked am very sure she can ride Dangotes bicycle very well

If someone achieve greatness, don't beef them

14 Likes

Re: Dangote Group Appoints Olakunle Alake As Its New Group Managing Director by gurunlocker: 7:23pm On May 04, 2018
Chizuru01:
shocked am very sure she can ride Dangotes bicycle very well

A male? Please check your brain, it's leaking...

6 Likes

Re: Dangote Group Appoints Olakunle Alake As Its New Group Managing Director by SmartPolician: 7:25pm On May 04, 2018
Looking at the names of the appointees right now: Dangote is truly a detribalized Nigerian

If our leaders were as detribalized as Dangote, many Asia countries wouldn't be able to compete with us

If we are not careful, tribalism, nepotism and religion will finish Nigeria

Buhari has already set the precedence

Congratulations to the new appointees

They should manage the conglomerates well because Dangote as a brand feeds thousand of people around the world...including Mrs Blair grin

4 Likes

Re: Dangote Group Appoints Olakunle Alake As Its New Group Managing Director by akokaite(m): 7:27pm On May 04, 2018
Congrats �
Re: Dangote Group Appoints Olakunle Alake As Its New Group Managing Director by Nobody: 7:27pm On May 04, 2018
Congratulations to them! Reading their profiles is excellent, they deserve it. But, it seems Dangote is more interested in Yorubas that Awolowo gave the opportunity through Azikwe to study & gain "Quality Education" Abroad. I would have given him my ideas but let me withhold it till then.

1 Like 1 Share

Re: Dangote Group Appoints Olakunle Alake As Its New Group Managing Director by yazach: 7:29pm On May 04, 2018
JARUSHUB:
In order to strengthen the group’s Executive management team and sustain its strategic business growth trajectory, Africa’s foremost indigenous conglomerate, Dangote Industries Limited (DIL) has announced new appointments.

In the new organizational rejig, Olakunle Alake the erstwhile Chief Operating Officer (COO) is now the Group Managing Director and Dr. Adenike Fajemirokun, the Group Chief Risk Officer has been elevated to the office of Group Executive Director, President’s Office, where she will take on new roles in addition to her schedule as the Risk Officer. She is the first ever female executive director in Dangote Group.

The management also announced the appointment of Austine Ometoruwa as Group Executive Director, Corporate Finance and Treasury.

President/Chief Executive, Dangote Group, Aliko Dangote, speaking on the new appointments said “it is exciting seeing a female occupy such a high position. We are gender sensitive and create equal opportunities for both male and female to get to the top.”

“The new appointments are to strengthen the Group’s executive management team and to consolidate on its strategic business growth trajectory”, he added.

Alake has been the Chief Operating Officer of Dangote Industries Limited since 2007. He serves on the board of Dangote Sugar Refinery Plc, NASCON Allied Industries PLC, Dangote Cement PLC and Dangote Flour Mills PLC. Mr. Alake’s experience spans 34 years which covers banking, management consultancy and manufacturing industries.

He joined Dangote Group in July 1997 and served as its Financial Controller and Head of Strategic Services till 2001 when he was appointed to the board of Dangote Industries Limited as Executive Director/ Group Strategist.

He started his working career at PricewaterhouseCoopers, a firm of Chartered Accountants in September 1984 and left in 1990 to join Liberty Merchant Bank Limited as the Financial Controller for three years.

Between August 1993 and July 1997, Mr. Alake served as the Managing Director/Chief Executive Officer of Liberty Merchant Securities Limited and was part of the team that provided consultancy services for the smooth take-over of the International Trust Bank Plc, by Dangote Group in August 1996. He is a Fellow of the Institute of Chartered Accountants of Nigeria. Mr. Alake holds a Bachelor’s degree in Civil Engineering from Obafemi Awolowo University, Ile-Ife in 1983.

Dr. Fajemirokun, a consummate Risk Management & Insurance specialist has over 18 years diverse experience in developing and implementing risk management strategies in Financial, Engineering, Manufacturing and other industries.

She started her career with Ove Arup and Partners as a Fire Engineer where she was responsible for carrying out qualitative and quantitative risk assessment of various assets and developing risk assessment frameworks for quantifying identified risks.

She later joined Deutsche Bank AG, UK, and served in senior leadership roles such as Director and Global Head Operational Risk, Head of Transaction Management Group for leverage finance at the Corporate and Investment Bank. Prior to specializing in the Risk Management field, she held positions in finance as a front office quantitative analyst at Goldman Sachs London and New York.

Dr. Fajemirokun worked with First Bank of Nigeria where she developed the operational risk management framework for the bank as well as its Business Continuity Certification by the British Standard Institute. She also managed and tracked the firm’s risks across all directorates, transaction services and alternative investments.

In 2010, She founded and headed AFRisk Management Consultants Limited which developed the enterprise risk management frameworks for some of the country’s major institutions including Central Bank of Nigeria, First Bank Nigeria and First Bank Capital Plc.

She was appointed Chief Risk Officer of Dangote Group in 2013 and leads the Risk Management Functions for the Group and its various Businesses where she oversees the company’s governance model and enterprise risk program. She develops and manages processes to identify, assess, monitor and reduce risks that could interfere with the achievement of the company’s goals and objectives. She is also responsible for managing the Group’s Insurance, Procurement Portfolio and Logistics.

A holder of B.Eng. in Civil, Structural and Fire Engineering and a Ph.D. in Risk Informed Engineering both from the University of Manchester, UK, Dr. Fajemirokun is a Fellow of the Engineering and Physical Sciences Research Council (EPSRC) and Specialist member (SIRM) of the Global Institute of Risk Management. She is also a visiting professor at the University of Manchester, UK. She has been recognized globally for her work with the Operational Riskdata Exchange Association (ORX), Institute of Risk Management, UK. She is a member of the Lagos State Research and Innovation Council.

Ometoruwa is an accomplished international investment banker. Prior to joining the Dangote Group as the Group Executive Director, Corporate Finance and Treasury, Austine Ometoruwa provided advisory services to the Dangote Group over the past 25 years in his capacity as the Executive Chairman of his firm, Boston Trico Capital LLC.

He started his professional career as a credit analyst at Chase Manhattan Bank. He thereafter progressed to Bank of Boston as the General Manager in Nigeria before moving on to Standard Bank of South Africa (Stanbic) as Strategy Consultant.

Mr Ometoruwa was the first Nigerian appointed as Executive Director to the Board of Citibank Nigeria leading its West Africa investment banking and subsequently as CEO and Regional Director of Corporate & Investment Bank, Citibank Middle East North Africa (MENA) operating in Cairo, London & New York.

Mr Ometoruwa setup and launched the Africa Finance Corporation (AFC) as the founding President and CEO.

He was awarded the Dean’s Prize and First Class Honours Bachelor’s Degree in Banking and Finance from the University of Lagos, Lagos, Nigeria.

http://www.jarushub.com/kunle-alaka-is-new-group-md-of-dangote-group/



- Adenike Fajemirokun
- Austine Ometoruwa
- Olakunle Alake

All non northerners
All non muslims

Now the religious bigots of CAN ancestral let us ear what you have to say

The tribalists of IPOB ancestral, let us hear what you have to say

11 Likes

Re: Dangote Group Appoints Olakunle Alake As Its New Group Managing Director by drey69(m): 7:30pm On May 04, 2018
Great Fedgosian
Re: Dangote Group Appoints Olakunle Alake As Its New Group Managing Director by NotComplaining: 7:32pm On May 04, 2018
Dangote needs competition, not the so called best line up #Rubbish!

With all their supposed greatness not one could challenge the might of Dangote, just shows how truly un-great they are.

Dangote proudly does not possess half the qualifications of the least schooled graduate in the list yet he dominates them and is free to dispossess them of their relevance to society.

Who are these morons fooling, theyre zero without a job and dont have the knowhow to be their own boss.

3 Likes

Re: Dangote Group Appoints Olakunle Alake As Its New Group Managing Director by KangaIye: 7:32pm On May 04, 2018
A good business man that knows what is best for his company.
Re: Dangote Group Appoints Olakunle Alake As Its New Group Managing Director by dahmie2013: 7:33pm On May 04, 2018
Congrats. 2 dem, especially d lady, she is an inspiration. Her resume is superb, may God give me a dat kind.

2 Likes

Re: Dangote Group Appoints Olakunle Alake As Its New Group Managing Director by wink2015: 7:34pm On May 04, 2018
Nigerians are among the best educated people around the world.

We boast of skilled professional in business management discipline, banking, insurance, political science, public admin, engineering, medicine, pharmaceutical, nursing, theatre art, etc

Inspite of this human resources, Nigerians have not been able to utilized this expertise gathered from all this diverse field to better the lot of the country.

Nigerians remain one of the most corrupt group of people second to Bangladesh.

So people will ask what is the relevance of education to a nation if we can not use it to effect a change on society?

1 Like

Re: Dangote Group Appoints Olakunle Alake As Its New Group Managing Director by KangaIye: 7:34pm On May 04, 2018
yazach:


All non northerners
All non muslims

Now the religious bigots of CAN ancestral let us ear what you have to say

The tribalists of IPOB ancestral, let us hear what you have to say



Get well soon.

1 Like

Re: Dangote Group Appoints Olakunle Alake As Its New Group Managing Director by aribisala0(m): 7:35pm On May 04, 2018
iiooxx:
Want to take your business to the next level? Surround yourself with Yoruba people, proven seasoned professional businessmen is what they are! cool
If it does not involve a 40ft container it is not business

1 Like

Re: Dangote Group Appoints Olakunle Alake As Its New Group Managing Director by aribisala0(m): 7:37pm On May 04, 2018
SmartPolician:
Looking at the names of the appointees right now: Dangote is truly a detribalized Nigerian

If our leaders were as detribalized as Dangote, many Asia countries wouldn't be able to compete with us

If we are not careful, tribalism, nepotism and religion will finish Nigeria

Buhari has already set the precedence

Congratulations to the new appointees

They should manage the conglomerates well because Dangote as a brand feeds thousand of people around the world...including Mrs Blair grin
Nothing to do with being detribalized. He is acting is HIS BEST interests

1 Like

Re: Dangote Group Appoints Olakunle Alake As Its New Group Managing Director by davodyguy: 7:39pm On May 04, 2018
Mostly Yorubas and one Edo.

The guy is hausa and knows very well that business and sentiment do not gel.

That's the difference between him and Buhari.
Igbos are good in business, turning two to four and even to 10, but many of them have no formal education, if not, they'll be at the top of multinationals.

The hausa who're very Lazy and good at nothing, gets to top positions due to politics

5 Likes 2 Shares

Re: Dangote Group Appoints Olakunle Alake As Its New Group Managing Director by Adeyinka123: 7:39pm On May 04, 2018
I'm humbled! No wonder Dangote is always on top!!

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