The board of directors of BUA Cement has announced the appointment of Chikezie Ajaero as an executive director of the company. He also doubles as the company’s chief financial officer.
The announcement was contained in a notice sent to the Nigerian Exchange Group (NGX), through which the company notified the NGX of the resolutions of its board of directors as well as the latest developments in the firm.
BUA Cement’s board considered and approved the company’s half year unaudited financial statements for the period ended 30th June 2024, indicating that the closed period for the company began on July 1, 2024 and would run until 24 hours after the release of the said financial statements to the public.
Chikezie Ajaero is an experienced professional with over 25 years of diverse experience in financial reporting, treasury management, financial management, management accounting, financial controls, risk management and operations analysis.
He Joined BUA Flour Mills Limited in 2005 as Finance Manager. Between 2008 and 2011, he moved to 1004 Estates Limited as the General Manager-Finance. He later joined UAC Plc (20112012) and was deployed to UAC Restaurants as GM-Finance. He returned to BUA in 2012 as Financial Controller of BUA Flour/Pasta Limited.
He assumed the role of General Manager- Finance in Obu Cement Company Ltd in May 2015 and later became the Finance Director of BUA Cement PLC, Obu plant in 2019, from where he was appointed acting CFO in May 2024.
He holds a HND in Accounting, passed with distinction from the Institute of Management and Technology, Enugu (1992) and MBA (Management) from the University of Lagos (2000). He is a fellow of the Institute of Chartered Accountants of Nigeria.
