Dangote Cement announces new Non-Executive Director

Africa’s largest cement producer,Dangote Cement Plc. (DANGCEM-NL) has announced the appointment of Viswanathan Shankar as a Non-Executive Director of the company.

Meet Viswanathan Shankar

• Mr. Shankar holds an Masters in Business Administration at the Indian Institute of Management, Bangalore and a BSc in Physics at the Loyola College, Madras.
• Prior to his appointment,Mr. Shankar is Chief Executive Officer of Gateway Partners, a private equity firm focused on investing in the dynamic growth markets of Africa, Middle East and Asia.
• Mr. Viswanathan Shankar also served as the Chief Executive Officer of Middle East, Africa, the Americas & Europe at Standard Chartered PLC from May 1, 2010 to April 2015.
• Mr. Shankar served as Group Head Origination & Client Coverage of Standard Chartered PLC from 2007 to April 2010. He served as Executive Chairman of Principal Finance and Private Banking of Standard Chartered PLC. He served Group Head, Corporate Finance at Standard Chartered PLC since joining in September 2001.
• He worked at Standard Chartered Private Equity Limited. He served as a Member of Corporate Responsibility at Standard Chartered Bank India.
• Prior to Standard Chartered, he served at Bank of America in Asia and USA for 19 years and served as Managing Director – Head of Asia-Pacific Investment Banking and Chief Executive Officer of BA Asia Limited based in Hong Kong.
• He served as the Chairman and Co-Chairman of standard Chartered Private Bank. He served as a Non-Executive Director of Majid Al Futtaim Holding LLC from January 2012 to June 30, 2016.
• He serves as Chairman of Nuovobanq, Seychelles.
• He served as a Member of the Board of the Inland Revenue Authority of Singapore.
• He served as an Executive Director at Standard Chartered PLC from January 1, 2012 to April 30, 2015.
• He served as a Director of Export-Import Bank of the United States. He is a member of the Sub-Saharan Africa advisory committee of the Export-Import Bank of the United States; a trustee of the Asia Society, New York; and a member of the board of trustees of the Singapore Indian Development Association (SINDA).

Mr. Shankar was awarded the Public Service Medal by the government of Singapore in 2014.

About Dangote Cement Plc

Dangote Cement is a fully integrated cement company and has projects and operations in Nigeria and 14 other African countries; Dangote Cement’s current total production capacity in Nigeria from its three existing cement plants namely Obajana, Ibese and Gboko. Dangote Cement is also the biggest quoted company in West Africa and the only Nigerian company on the Forbes Global 2000 Companies.

Dangote Cement  has continued to maintained its strong hold in the Nigeria domestic cement market accounting for 65 percent of the Nigerian market volume