Shareholders across the country have expressed optimism that the appointment of Suleiman Yahyah as the new chairman of AshakaCem will add great value and lead to a revolutionary transformation in the cement company.
AshakaCem is a subsidiary of the Lafarge Africa plc.
President of the Independent Shareholders Association of Nigeria – Nigeria’s biggest shareholders association – Sunny Nwosu said the appointment of Yahyah was commendable, while describing him as a man of groundbreaking record in managing quoted companies.
“He has a big heart. Even when you have a problem with him, he will call you and say let’s settle. He also understands the yearning of shareholders,” Nwosu said in a statement.
In another statement, Mukhtar, chairman of the Trusted Shareholders Association of Nigeria commended the board and management of AshakaCem, saying Yahyah has a record of innovative achievements as chairman and director in other companies.
“We have seen his patriotic zeal, his commitment, selfless services and acumen for transforming businesses within a short time. Yahyah’s appointment will definitely bring tremendous benefits and the much needed repositioning for greater efficiency in production, human resource management and marketing. He will assist in reviving AshakaCem plc through his effective and exemplary leadership style.”
Also expected to bring on board their wealth of experience are Anders Kristiansson, Edith Onwuchekwa and Rabiu Abdullahi Umar.
Yahyah- a first class Economics graduate, takes over from Umaru Kwairanga.
He is also the chairman of Nigerian Aviation Handling Company (NAHCO), Rosehill Group, Asokoro Island (AIL) and director in other companies in the country.
