The board of Transnational Corporation, on Thursday evening formally announced the appointment of Peter Ikenga as Managing Director/CEO of its power subsidiary, replacing Christopher Ezeafulukwe.
Ezeafulukwe, according to a notification to the Nigerian Exchange signed by Owen Omogiafo, President and Group CEO of Transcorp Group, was recently named Managing Director/CEO of Abuja Electricity Distribution Company (AEDC).
Ikenga, a value-driven and result-oriented professional, with a wealth of global experience, having directly developed or managed major oil, gas and power assets and operations in multiple regions including Nigeria, Brazil and United States of America, the statement said, “currently serves as CEO of Transcorp Energy, the Group’s oil and gas subsidiary, where he has led the Group’s upstream petroleum development strategy.”
He, the statement continued, has been instrumental in delivering aspects of Transcorp’s integrated energy strategy, focused on creating Nigeria’s largest domestic power player and ensuring Nigeria’s natural resources deliver robust poweansr supply for the Nigerian economy and consumers.
The group assured that in line with its “track record of transformation across all our businesses, our commitment remains unwavering in delivering superior stakeholders returns, anchored in our ideology of Africapitalism and our ability to contribute positively towards improving lives and transforming our economy.