Bamburi Cement PLC has announced the resignation of Ms Grace Auma Oluoch as a Director and Chief Finance Officer of the Company effective January 31, 2022.
Ms. Oluoch was appointed to the Company’s Board on October 18, 2018. In a statement on Wednesday, the company said that Ms Oluoch has rendered invaluable service and leadership during her tenure.
“The Board thanks her for her dedicated service to the Company,” said Bamburi Cement company secretary Waeni Ngea.
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Subsequently, the board has appointed Mr Vasileios Karalis as the Chief Finance Officer of the Company effective February 15, 2022, subject to regulatory approvals. He will also serve as the Regional CFO, Kenya and Uganda.
Mr Karalis, a Greek national, is a Non-Executive Director on the Company’s Board and is currently the CFO for Holcim’s East, South Africa and Indian Ocean Area based in Johannesburg, South Africa.
He has over 17 years of finance and corporate leadership experience having joined the Holcim Group in 2007 from PricewaterhouseCoopers, Athens, Greece.
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After holding several finance positions in Lafarge Athens, Greece, he moved to Lafarge Group in Paris, France as the Investment, Mergers & Acquisitions Projects Manager.
In 2015, he joined Lafarge Cement in Jakarta, Indonesia initially as Vice President – Finance and later as Head of Financial Controlling.
In 2018 he was appointed Regional Controller for the Middle East and Africa based in Paris and then Zurich, Switzerland.
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He holds a Master’s Degree in International Banking and Finance (Distinction) from JM University, Liverpool and is a member of the Economic Chamber of Greece.
“The Board congratulates Mr Karalis on his appointment,” said Ms Ngea.