Bamburi Cement has appointed Mohit Kapoor as the new chief executive following the exit of Seddiq Hassani.
Hassani left the cement manufacturing company in February 2023 after a one year extension of his four-year term ended.
“The board congratulates Mr Kapoor on his appointment, thanks Mr Hassani for his service and wishes him well in his future endeavours,” said the board in a statement.
Prior to his appointment as the Bamburi Cement CEO, Kapoor worked as the country CEO of Holcim Qatar.
He has also served as the head of growth and innovation at Holcim India, and as the managing director of Readymix Projects at Lafarge India.
Holcim is a Swiss-based global building materials and aggregates flagship division of the Holcim Group.
The original company was merged on 10 July 2015 with Lafarge to form LafargeHolcim as the new company and renamed to Holcim Group in 2021.
The company’s products include cement, clinker, concrete, lime, aggregates, and roofing materials.
They also offer consulting services, third party research and development, and land waste management services.
Their largest business segment is the manufacture and distribution of cement and aggregates.
Kapoor’s appointment is subject to regulatory approval.
Seddiq Hassani
Seddiq worked as an auditor and Strategy consultant in Arthur Andersen Casablanca before joining Lafarge Morocco 2000.
There he held several positions including Control Manager, CEO Lafarge Gypsum Morocco, Purchasing & Logistics Director and Marketing and Strategy Director until he was appointed the LafargeHolcim Head of Growth and Innovation for Middle East and Africa in 2015.
He is a member of the Nomination, Remuneration & Human Resource Committee, a director of Hima Cement Limited and Chair of the Board of Bamburi Special Products Limited, Binastore Limited and Lafarge Eco Systems Limited.
Hassani was appointed to the Board and as Group Managing Director on 9 February 2018.
Bamburi Cement Limited is an industrial company in Kenya specialising in cement and concrete.
The company has operations in Bamburi, Mombasa and it is headquartered in Nairobi with its stock listed on the Nairobi Securities Exchange.
The shares of Bamburi Cement are traded on the main market segment of the Nairobi Securities Exchange, under the ticker symbol BAMB.
