{"id":82125,"date":"2024-08-19T16:42:49","date_gmt":"2024-08-19T16:42:49","guid":{"rendered":"https:\/\/www.africa-press.net\/rwanda\/all-news\/cimerwa-appoints-mangesh-verma-as-new-ceo"},"modified":"2024-08-19T16:55:34","modified_gmt":"2024-08-19T16:55:34","slug":"cimerwa-appoints-mangesh-verma-as-new-ceo","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/rwanda\/policy\/cimerwa-appoints-mangesh-verma-as-new-ceo","title":{"rendered":"Cimerwa appoints Mangesh Verma as new CEO"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Rwanda. <\/strong><\/span>Rwanda\u2019s largest cement manufacturer, Cimerwa Plc, has announced the appointment of Mangesh Verma as the company\u2019s new chief executive officer.<\/p>\n<p>Verma is a former general manager for commercial and operations at Kenya\u2019s United Millers Limited where he worked for more than 10 years.<\/p>\n<p>\u201cEffective 1st July 2024 Mr. Mangesh Verma was appointed as the new Chief Executive Officer of CIMERWA, succeeding Mr. James Oduor,\u201d the company said in a statement on Monday, August 19.<\/p>\n<p>The outgoing chief executive, Oduor, took over Cimerwa\u2019s leadership in January last year as the company was in the process of being acquired.<\/p>\n<p>Cimerwa was acquired by Kenya\u2019s National Cement Holdings Limited in a deal that concluded this year.<\/p>\n<p>Verma takes over the leadership after Cimerwa has acquired Prime Cement, another cement manufacturer.<\/p>\n<p>Outlook<\/p>\n<p>Last week, Cimerwa reported its nine months financials ending June 30, with profit after tax growing by 22.3 per cent to Rwf11 billion, and earnings per share improving by 22.3 per cent to Rwf16.17.<\/p>\n<p>Revenue remained flat at Rwf72.9 billion mainly due to a pause of production for 42 days to give room for upgrade of kilns.<\/p>\n<p>The company\u2019s total assets increased by 8.2 per cent to Rwf115.7 billion. It bought all assets of Prime Cement, another strategic cement producer in the country.<\/p>\n<p>Cash and cash equivalents stood at Rwf10.6 billion, 12 per cent down. This was attributed to the advancement of Rwf11 billion towards expansion works at its plant.<\/p>\n<p>Interim dividend declared at the end of June 30 was Rwf13 billion, which translates to Rwf18.76 dividend per share.<\/p>\n<p><strong>For More News And Analysis About Rwanda Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Rwanda. Rwanda\u2019s largest cement manufacturer, Cimerwa Plc, has announced the appointment of Mangesh Verma as the company\u2019s new chief executive officer. Verma is a former general manager for commercial and operations at Kenya\u2019s United Millers Limited where he worked for more than 10 years. \u201cEffective 1st July 2024 Mr. Mangesh Verma was appointed [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":82123,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[758],"class_list":["post-82125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-rwanda"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cimerwa appoints Mangesh Verma as new CEO - Rwanda<\/title>\n<meta name=\"description\" content=\"Rwanda\u2019s largest cement manufacturer, Cimerwa Plc, has announced the appointment of Mangesh Verma as the company\u2019s new c ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/rwanda\/policy\/cimerwa-appoints-mangesh-verma-as-new-ceo\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cimerwa appoints Mangesh Verma as new CEO\" \/>\n<meta property=\"og:description\" content=\"Rwanda\u2019s largest cement manufacturer, Cimerwa Plc, has announced the appointment of Mangesh Verma as the company\u2019s new c ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/rwanda\/policy\/cimerwa-appoints-mangesh-verma-as-new-ceo\" \/>\n<meta property=\"og:site_name\" content=\"Rwanda\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-19T16:42:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-19T16:55:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2024\/08\/sm_1724073902.698386.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"735\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/policy\/cimerwa-appoints-mangesh-verma-as-new-ceo#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/policy\/cimerwa-appoints-mangesh-verma-as-new-ceo\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Cimerwa appoints Mangesh Verma as new CEO\",\"datePublished\":\"2024-08-19T16:42:49+00:00\",\"dateModified\":\"2024-08-19T16:55:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/policy\/cimerwa-appoints-mangesh-verma-as-new-ceo\"},\"wordCount\":272,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/policy\/cimerwa-appoints-mangesh-verma-as-new-ceo#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2024\/08\/sm_1724073902.698386.jpg\",\"keywords\":[\"Rwanda\"],\"articleSection\":[\"all news\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/rwanda\/policy\/cimerwa-appoints-mangesh-verma-as-new-ceo#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/policy\/cimerwa-appoints-mangesh-verma-as-new-ceo\",\"url\":\"https:\/\/www.africa-press.net\/rwanda\/policy\/cimerwa-appoints-mangesh-verma-as-new-ceo\",\"name\":\"Cimerwa appoints Mangesh Verma as new CEO - 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