Companies

Kaulule steps down as Lafarge CEO

LIVINGSTONE MARUFU

LAFARGE Cement Zimbabwe Limited’s chief executive, Kaziwe Siame Kaulule, has stepped down to assume a new leadership role in LafargeHolcim within the region after successfully turning around the company’s fortunes.

In a statement, Lafarge Board Chairman, Kumbirayi Katsande, said during his short stint in Zimbabwe, Kaulule steered the business to realise unprecedented positive transformation and growth while fostering a solid internal culture built to take business forward.

“Following 13 months at the helm of Lafarge Cement Zimbabwe and having successfully led the company’s turnaround, Kaulule is being reassigned to assume new leadership role within the region.

He will, therefore, be stepping down as CEO of Lafarge Cement Zimbabwe Limited once his successor is identified,” Katsande said.

Kaulule joined the local unit in December 2018 from LafargeHolcim London, United Kingdom where he worked as general manager of the Lead Retail Division.

He leaves when the business is implementing high-value capital expenditure projects which have been awarded national project status.

Lafarge Cement Zimbabwe’s senior management and Board of Directors thanked Kaulule for his exceptional contribution to the company in a very short stint of time.

During the 2019 Half-year results, cement sales volumes of 162,000 were achieved and were 3.4% below prior period the previous year.

Revenue of ZWL$87m was recorded compared to ZWL$33m achieved during 2018 while a gross profit of $36.5m was achieved against $33m the previous comparative period last year.

A profit of $2.9m was recorded against a loss of $1.8m the prior period in 2018.

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