Precious Murena Nyika Appointed New Lafarge CEO
CEMENT producer, Lafarge group has appointed Precious Murena-Nyika (pictured) as the new chief executive (CE) for Large Zimbabwe.
Murena-Nyika replaces Siame Kaulule, who was at the helm of the company for just a year.
Kaulule left the country to assume a different post at Lafarge group’s operations in South Africa.
He had joined the company from Lafarge Holcim in the United Kingdom where he was a general manager for retail.
In an exit memo last month, Kaulule gave credit to the staff for enduring the tough business operating environment in the country.
“Looking back on my time in Zimbabwe we have confronted seemingly insurmountable business challenges daily.
“I have seen our teams navigate these hurdles and mountains in ways that have not only made Lafarge Cement Zimbabwe a better company but also made all of us far stronger,” Kaulule said.
Before her elevation, Murena-Nyika was director for human resources and communications at Lafarge Cement Zimbabwe. She is the immediate past president for the Institute of People Management of Zimbabwe.
Lafarge Cement Zimbabwe is a unit of dual-listed Swiss-based Lafarge Holcim and trades its shares on the Euronext and Swiss stock exchanges.
The company swung to profitability in the six months to June 2019, recording a $2,9 million profit in the reviewed period from a $1,8 million loss in the same period in prior year.
Revenue for the period went up 169% to $87,5 million in the period under review from $32,5 million in the same period in 2018.
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