Changes to board at ARM Cement forced by UK investment firm

CDC Group has replaced its board members at ARM Cement,

Ketso Gordhan and Pepe Meijer, with Sofia Bianchi and Rohit Anand.

The UK government-backed investment company owns a 41% stake in the company. In addition ARM Cement has appointed Konstantin Makarov as its new executive director, replacing Rick Ashley who resigned in May 2018, and John Maonga as its company secretary. Maonga succeeds Ramesh Vora who resigned in April 2018.

Bianchi worked as head of Special Situations at Blue Crest Capital, a European hedge fund, from 2007 to 2016. She brings experience in investment roles from sectors including mining and telecommunications.

Anand holds over 11 years of experience investing in emerging markets across Asia and Africa. He has invested in sectors across infrastructure, telecoms, manufacturing, logistics and healthcare. He is currently responsible for the Industrial Businesses equity investments team covering manufacturing, real estate and logistics across South Asia and Africa.

Makarov holds over 15 years of experience in the financial markets in general and emerging markets in particular. He is responsible for launch of African practice and oversight of all sub-Saharan African and South East Asian transactions at StratLink Africa.

Maonga, a Certified Public Secretary who is a Member and Fellow of the Institute of Certified Public Secretaries of Kenya, has over 30 years of experience in Company Secretarial and Registration Services.