Sequel to the March 31, 2017, resignation of Atedo Peterside, founding Managing Director of its banking subsidiary, and chairman of Stanbic IBTC Holdings Plc, the board has appointed Basil Omiyi, former Managing Director of Shell Petroleum Development Company of Nigeria Limited (SPDC), and ultimately country Chairman of Shell Nigeria, as replacement.
The appointment, the group said in a statement by Chidi Okezie, the group’s Company Secretary, followed “receipt of all required regulatory approvals.”
Omiyi who spent most of his career at Royal Dutch Shell in various roles both in Nigeria and Europe, including Head of Production Technology, Chief Petroleum Engineer, joined the board of Stanbic IBTC Holdings as a Non-Executive Director in March 2015.
He is currently an Independent Non-Executive Director on the Board of Seplat Petroleum Development Company PLC and has also held a number of board appointments and senior advisory positions.
These include: Chairman of Greenacres Energy Limited, Chairman of the Nigerian Upstream Industry Group, Board member of the Nigerian Business Group of New Partnership for Africa’s Development (NEPAD) and Nigerian Extractive Industry Transparency Initiative (NEITI), Chairman of the Oil and Gas Commission of the Nigerian Economic Summit Group (NESG), and member of the Presidential Advisory Council.
The board expressed confidence that the new chairman would help move Stanbic IBTC forward.