BUA Cement Appoints Piekarski ED, CFO

The board of BUA Cement Plc, at the weekend, announced the appointment of Jacques Piekarski an executive director and Chief Financial Officer from October 2, 2020.

Commenting on the appoint of Piekarski, who until now was Group CFO at TGI Group, Abdul Samad Rabiu, Chairman, BUA Cement Plc, expressed the board’s confidence “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.”

Engr. Yusuf Binji, the company’s Managing Director/Chef Executive said the new CFO “brings a wealth of experience to this role – both in the Nigerian cement industry and the African region as a whole. I am certain his skills and experience will make a significant contribution and continue to drive the company forward.“

A statement by BUA Cement said Piekarski hasover 26 years experience, having held several C-suite finance roles across Europe and Africa in the Fast Moving Consumer Goods sector, as well as cement, trading, and mining.

Over the course of his career, he helped to set-up or re-organizing finance departments, financing (loans, bond, rights issue, debt restructuring and re-financing), revenue and cost optimization programs, various expansion and projects including ERP implementations, and controlling. He is known as a charismatic, results driven and dynamic leader, with a strong business acumen.

Before joining TGI Group Nigeria, one of Nigeria’s largest privately owned Food and Agric conglomerates, he was at Flour Mills of Nigeria also as Group CFO. He also garnered an extensive knowledge of the cement industry from his time as the CFO of Holcim (today LafargeHolcim) in Egypt with a joint venture with the Orascom Group.

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

A Swiss and French National, Jacques graduated from the Business School in Lausanne, Switzerland, and holds an MBA from the Robert Kennedy College, Zurich, Switzerland.