Adenike Fajemirokun, the erstwhile Chief Risk Officer of Dangote Group has been elevated and now appointed to the office of Group Executive Director, President’s Office, where she will take on new roles in addition to her schedule as the Risk Officer. She is the first ever female executive director in Dangote Group.
Olakunle Alake, the erstwhile Chief Operating Officer (COO) of Dangote Group has emerged the Group Managing Director.
The management of Dangote Industries Limited (DIL) also announced the appointment of Austine Ometoruwa as Group Executive Director, Corporate Finance and Treasury.
Earlier the Board of Dangote Cement Plc, global, announced the appointment of Cherie Blair and Mick Davies as Independent Non-Executive Directors.
President/Chief Executive, Dangote Group, Aliko Dangote, speaking on the new appointments said:
“It is exciting seeing a female occupy such a high position. We are gender sensitive and create equal opportunities for both male and female to get to the top.
The new appointments are to strengthen the Group’s executive management team and to consolidate on its strategic business growth trajectory.”
Ms Adenike Fajemirokun, a consummate Risk Management & Insurance specialist has over 18 years diverse experience in developing and implementing risk management strategies in Financial, Engineering, Manufacturing and other industries.
She started her career with Ove Arup and Partners as a Fire Engineer where she was responsible for carrying out qualitative and quantitative risk assessment of various assets and developing risk assessment frameworks for quantifying identified risks.
She later joined Deutsche Bank AG, UK, and served in senior leadership roles such as Director and Global Head Operational Risk, Head of Transaction Management Group for leverage finance at the Corporate and Investment Bank. Prior to specialising in the Risk Management field, she held positions in finance as a front office quantitative analyst at Goldman Sachs London and New York.
Ms Adenike Fajemirokun worked with First Bank of Nigeria where she developed the operational risk management framework for the bank as well as its Business Continuity Certification by the British Standard Institute. She also managed and tracked the firm’s risks across all directorates, transaction services and alternative investments.
In 2010, she founded and headed AFRisk Management Consultants Limited, which developed the enterprise risk management frameworks for some of the country’s major institutions including Central Bank of Nigeria, First Bank Nigeria and First Bank Capital Plc.
She was appointed Chief Risk Officer of Dangote Group in 2013 and leads the Risk Management Functions for the Group and its various businesses where she oversees the company’s governance model and enterprise risk program. She develops and manages processes to identify, assess, monitor and reduce risks that could interfere with the achievement of the company’s goals and objectives. She is also responsible for managing the Group’s Insurance, Procurement Portfolio and Logistics.
A holder of B.Eng. in Civil, Structural and Fire Engineering and a Ph.D. in Risk Informed Engineering both from the University of Manchester, UK, Ms Adenike Fajemirokun is a Fellow of the Engineering and Physical Sciences Research Council (EPSRC) and Specialist member (SIRM) of the Global Institute of Risk Management. She is also a visiting professor at the University of Manchester, UK. She has been recognised globally for her work with the Operational Riskdata Exchange Association (ORX), Institute of Risk Management, UK.
She is a member of the Lagos State Research and Innovation Council.