Lafarge Africa Plc has announced a major change in its executive management with the resignation of its Chief Financial Officer (CFO), Mr Puneet Sharma, effective October 31, 2025.
In a statement signed by the company’s Legal Director and Company Secretary, Adewunmi Alode, on Friday, the Board of Directors expressed appreciation for Sharma’s service and extended best wishes for his future pursuits.
“Lafarge Africa Plc (the ‘Company’) hereby announces the resignation of Mr Puneet Sharma as the Chief Financial Officer (‘CFO’) of the Company with effect from 31st October 2025. The Board wishes him success in his future endeavours,” Alode said.
Following Sharma’s exit, the company announced the appointment of Mr Ke Zhigang as the new Chief Financial Officer, effective November 1, 2025.
According to the statement, Zhigang is a “strategic and result-driven financial expert with over 20 years of experience in the cement manufacturing industry.”
His career began at Huaxin Cement Co. Ltd in 2003, where he held several key roles before rising to the position of Overseas Regional Finance Director in 2018.
Mr Zhigang holds a Master of Business Administration (MBA) from Huazhong University of Science and Technology and a bachelor’s degree in accounting from Huazhong Agricultural University.
“The Board of Lafarge Africa Plc is pleased to announce the appointment of Mr Ke Zhigang as the Chief Financial Officer (CFO) of the Company with effect from 1st November 2025,” Alode stated. “The Board wishes Mr Ke Zhigang success in his role as the Chief Financial Officer.”
The appointment marks another phase in Lafarge Africa’s leadership evolution as the company continues to strengthen its financial and operational management in Nigeria’s dynamic cement industry.
Last week, News.ng reported that the cement manufacturer posted a profit after tax of ₦207.8 billion, representing a 246% increase, for the nine months ended September 30, 2025.
The company also reported record net sales of ₦780.5 billion for the nine months, a 63% year-on-year increase from ₦479.5 billion recorded in 2024. Third-quarter sales alone reached ₦263.5 billion, up 43% compared to ₦183.9 billion in Q3 2024.
