Transnational Corporation of Nigeria Plc (Transcorp), on Tuesday announced changes in the group, with the retirement of Adim Jibunoh as director and President/Chief Executive from January 1, 2018, as well as Alhaji Abdulqadir Jeli Bello and Kayode Fasola, two non-executive directors with effect from October 30, 2018.
Ozigbo
A notice to the Nigerian Stock Exchange (NSE) by Helen Iwuchukwu, Group Company Secretary, Jibunoh will be replaced by Valentine Ozigbo, who is currently chief executive of Transcorp Hotels Plc.
Jibunoh
Bello and Fasola will be replaced as non-executive directors by Mrs. Toyin Sanni, chief executive of United Capital Plc between January 2014 and June 30, 2018, who is now CEO of Emerging Capital Africa Limited; and Ms. Obi Ibekwe.
Ozigbo is being replaced by Mrs. Owen Omogiafo, who resigns as Executive Director, Corporate Services of Transcorp Plc also with effect from January 1, 2019.
Omogiafo
A statement by the group said Alhaji Bello will be replaced as chairman of Transcorp Hotels Plc board by newly appointed Emmanuel Nnorom, Group Chief Executive of Heirs Holdings, after retiring as the President/CEO of Transcorp Plc.
Nnorom
Ozigbo, a multiple award winner and Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), holds an M.Sc Finance from Lancaster University, UK; MBA in Banking & Finance and a B.Sc in Accounting from the University of Nigeria. He brings on board over 20 years’ experience in banking, business development, hospitality and corporate transformation.
Omogiafo, who holds a B.Sc. in Sociology & Anthropology from the University of Benin and M.Sc. in Human Resource Management from the London School of Economics and Political Science. A member of the Chartered Institute of Personnel and Development (CIPD), UK and a Certified Change Manager with the Prosci Institute, U.S, has over 18 years’ corporate experience in organisational development strategy, banking, change, as well as human capital/business management.
Sanni who comes on board with over 25 years experience in investor services, law and financial services, holds a Bachelor of Law degree from the University of Ife, LLM (Hons) from the University of Lagos and a professional qualification of the Institute of Chartered Secretaries and Administrators (ICSA) UK and the Chartered Institute of Stockbrokers (CIS) Nigeria.
Before her appointed as CEO of United Capital, she was MD/CEO of UBA Trustees Limited, a subsidiary. She was also a council member of the ICSA Nigeria, a fellow and vice president of the Association of Pension Funds of Nigeria (AFPN).
Ms. Ibekwe holds a Bachelor of Arts degree in International Relations from Tufts University, Medford, Massachusetts, U.S.A., a Bachelor of Law degree from the University of Lagos and an MBA degree from the Ross School of Business, University of Michigan, U.S.A. She has over two decades experience in banking, holding senior executive and senior management positions spanning credit and marketing, credit risk management, human resources and customer service.
Nnorom who retired as the President/CEO of Transcorp, an alumnus of Oxford University’s Templeton College, and a prize winner and Fellow of ICAN, brings over three decades of professional experience in the corporate and financial sectors, working with publicly listed companies.
The statement by Transcorp quoted the chairman, Tony O. Elumelu, as expressing confidence that the newly appointed chief executives and directors will further strengthen the group’s core purpose of improving lives across Nigeria.
“We are pleased to have the diversity, depth and quality of experience that these directors bring to our group. The executive appointments are a testament to our internal succession capacity and the appointees will build on the achievement of their predecessors. By these appointments, we have further deepened our corporate governance capabilities, and firmed up our leadership position in the sectors we invest in”
Elumelu appreciated the retiring Directors for their meritorious service to the group over the years, assuring that the board of Transcorp will continue to implement its defined strategy, which has led its investee companies being leaders in their industries and to take the Group to the next level.
