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Transcorp Appointments New Board of Directors And Subsidiary CEOs

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The Board of Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s largest listed conglomerate and a leading investor in the energy sector, has announced the appointment of Mr. Victor Famuyibo and Mallam Ahmadu Sambo to its board of directors.

The appointment became effective from April 22, 2021.

The group, in a statement at the weekend, also formally announced the appointment of two new members of its executive management team: Mr. Vincent Ozoude, as MD/CEO of Trans-Afam Power Limited and Mr. Peter Ikenga, as MD/CEO of Transcorp Energy Limited.

Famuyibo joined the board with deep experience and knowledge in human resources and personnel management. He worked with multinational companies such as UAC Nigeria, Heineken International and Nigerian Breweries Plc, where he led numerous teams to drive strong employee engagement, the statement added.

Famuyibo retired from Nigerian Breweries as Director of Human Resources and a member of the board after a distinguished career of 32 years in the company.
On the other hand, Sambo has over 30 years of work experience in the private and public sectors in Nigeria and the United States.

He retired as group general manager in charge of Group Finance for the Nigerian National Petroleum Corporation (NNPC). Prior to this, he was the managing director of NNPC Oilfield Services Limited, NIDAS Marine Limited and NNPC Pension Fund Limited between 2011 and 2016.

The statement said in recognition of his meritorious service, he received numerous awards, including the First Place Ministerial Award for outstanding Staff Performance from the Honorable Minister of State for Petroleum Resources. “He is a Member of the Commonwealth of Massachusetts Board of Accountancy and State of New Hampshire Board of Accountancy. He is also a Member of the Massachusetts Society of Certified Public Accountants and National Association of Black Accountants,” it added.

Similarly, Ozoude is the MD/CEO of Trans-Afam Power Limited. He joined Transcorp Group from General Electric (GE) Inc-Sub Sahara Africa, where he was sales director, covering the entire Sub-Saharan Africa for General Electric Power Generation Services portfolio.

A graduate of Chemical Engineering with Masters in the same field from the Enugu State University of Science and Technology, Ozoude is leading Transcorp’s recently acquired 966MW power plant asset, Afam Genco, which comprises Afam Power Plc and Afam Three Fast Power Limited.

“Ozoude has over 20 years of work experience in the power generation services sector, was at some time a member of GE field engineers advisory board for Africa and Middle East region, a greenbelt lean six sigma qualified and won numerous awards such as Everyday Excellence Expertise Award from GE Global leadership, Clear Thinker Award amongst others,” it added.

Ikenga is the MD/CEO of Transcorp Energy to lead the conglomerate’s integrated energy strategy, with a particular focus on gas, renewables and alternative energy.
He brings with him a wealth of global professional experience, having directly developed and managed major oil, gas and power assets and operations in multiple regions, including Nigeria, Brazil and the United States for Shell Nigeria and Shell International. Prior to joining the group, Peter was refining director for an indigenous oil and gas operator in Nigeria.

Commenting on the appointments, the Chairman of Transcorp Group, Mr. Tony Elumelu, said: “Transcorp has made a succession of important recent business acquisitions, consolidating our position in the power, oil and gas sectors, demonstrating our commitment to Nigeria’s economy and the rapid advance in our integrated power strategy.

“We are delighted to complement these with further investment in human capital. These announcements illustrate the depth, diversity and quality of experience of our leaders, both executive and non-executive. Our board and management team, led by the President/Group CEO, Mrs. Owen Omogiafo, are further capacities to deliver our vision.

“Mr. Famuyibo, with his considerable experience in human resources, will be invaluable in working with management to deliver cutting edge employee management practices. Mallam Sambo brings crucial knowledge of the energy sector, further accelerating our integrated energy strategy.

“Peter and Vincent, working with our existing CEOs, Mr. Chris Ezeafulukwe, MD/CEO Transcorp Power Ughelli and Mrs. Dupe Olusola, MD/CEO Transcorp Hotels Plc, will contribute to the group’s mission of ‘improving lives and transforming Nigeria”.

Mr. Elumelu further said that: “Peter and Vincent, working with our existing CEOs, Mr. Chris Ezeafulukwe, MD/CEO Transcorp Power Ughelli and Mrs. Dupe Olusola, MD/CEO Transcorp Hotels Plc, will contribute to the Group’s mission of “Improving Lives and Transforming Nigeria. “With the acceleration in our integrated energy strategy and the expansion of our hospitality business, notably the recently launched digital hospitality platform, Aura by Transcorp, we are closer to our goal of powering one in every four homes in Nigeria and redefining the standards of hospitality in Africa. This investment in human capital demonstrates, once again, our commitment to bring together the best, to ensure the execution and value creation that our stakeholders expect”.

Transnational Corporation of Nigeria Plc (Transcorp) is a publicly quoted conglomerate, with a diversified shareholder base of over 300,000. Its portfolio comprises strategic investments in the power, hospitality, agribusiness and oil and gas sectors.

Among the organisations in the group are Transcorp Hilton Abuja, Transcorp Hotels Calabar, Transcorp Power Ltd, Trans-Afam Power Ltd, Transcorp Energy and the recently launched digital hospitality platform, Aura by Transcorp Hotels.

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Appointments

Dame (DR.) Adaora Umeoji Named Zenith Bank GMD/CEO

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Zenith Bank Plc has announced the appointment of Dame (Dr.) Adaora Umeoji, OON, as Group Managing Director/Chief Executive with effect from June 1, 2024, subject to approval by the Central Bank of Nigeria (CBN).

She takes over from Dr. Ebenezer Onyeagwu, whose five-year term expires on May 31, 2024, after a very successful tenure.

Dame (Dr.) Adaora Umeoji is the first female GMD/CEO since the inception of the bank, and her appointment is consistent with the bank’s executive transition tradition, succession plan, and strategy of grooming leaders from within.

Prior to this appointment, Dr. Umeoji has been the Deputy Managing Director of the bank since October 28, 2016 and has close to thirty (30) years cognate banking experience of which twenty-six (26) years has been with Zenith Bank.

She is an alumnus of the prestigious Harvard Business School where she attended the Advanced Management Program (AMP) and an alumnus of Columbia Business School with a Certificate in the Global Banking Program.

She holds a Bachelor’s Degree in Sociology from the University of Jos, a Bachelor’s Degree in Accounting and a First-Class honors in Law from Baze University, Abuja.

She holds a Master of Laws from the University of Salford, United Kingdom, a Master in Business Administration (MBA) from the University of Calabar, and also has a doctorate in business administration from Apollos University, USA.

She holds a Certificate in Economics for Business from the prestigious MIT Sloan School of Management, USA, and has attended various management programmes in renowned Universities around the world including the strategic thinking and Management programme at Wharton Business School, USA.

She also attended the executive program in Strategic Management, and has a Certificate in Leading Global Business all from Harvard Business School, USA.

She is a fellow of notable professional bodies including the Chartered Banker Institute, UK, Chartered Institute of Bankers of Nigeria, Nigerian Institute of Management, Institute of Credit Administration, Institute of Certified Public Accountants of Nigeria, Institute of Chartered Mediators and Conciliators, and the Institute of Chartered Secretaries and Administrators of Nigeria among others.

In 2022, the Federal Government of Nigeria honored Dr. Umeoji with Officer of the Order of the Niger, as a recognition of her contributions to nation building. She is a Peace Advocate of the United Nations (UN-POLAC).

She has impacted many lives through her philanthropic and humanitarian activities through her NGOs; Pink Breathe Cancer Foundation and the Adorable Foundation that educates, caters for Cancer patients and indigent children education especially the Girl-Child.

Her contribution to humanity was recognized by the Sun Newspaper which recently bestowed on her the Humanitarian Service Icon Award for 2023.

As a result of her passion for promoting professionalism in the banking industry and improving the well-being of the less privileged, Dr. Adaora Umeoji, OON founded the Catholic Bankers Association of Nigeria (CBAN), a platform she uses to promote ethical banking and service to humanity.

She is a Lady of the Order of Knights of St. John International (KSJI), and was awarded a Papal Knight of the Order of St. Sylvester by His Holiness Pope Francis.

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Heirs Technology Appoints Obong Idiong as Chief Executive Officer (CEO)

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Heirs Technology, the latest subsidiary of investment powerhouse Heirs Holdings, has announced the appointment of Obong Idiong as its Chief Executive Officer (CEO).

This move marks a significant step in the company’s mission to spearhead Africa’s digital transformation through innovative and locally tailored solutions.

Idiong, who previously served as the Managing Director/CEO at Africa Prudential Plc, brings a wealth of experience and a visionary approach to his new role.

During his tenure at Africa Prudential Plc, he led the digital transformation of its registrar services, positioning the company as a technology-driven organization.

His track record of success and expertise in the technology sector make him well-suited to lead Heirs Technology into a new era of growth and innovation.

In his statement following the appointment, Idiong expressed pride in bringing Heirs Holdings’ core values and business approach to the tech sector.

He highlighted the company’s commitment to excellence, execution, and enterprise, aiming to bridge the gap in the technology ecosystem by delivering local relevance to a global market and offering cutting-edge solutions to enhance competitiveness.

Also, Dr. Fumbi Chima has been appointed as the Chair of Heirs Technology. With her extensive experience in technology leadership roles across global organizations, including Adidas, Fox Network Group, and Walmart, Chima brings a wealth of knowledge and insights to her new role.

She expressed enthusiasm for the opportunity to unlock Africa’s potential through Heirs Technology, confident that the company will make a meaningful impact on the continent’s digital landscape.

Heirs Technology’s strategic appointments underscore its commitment to driving Africa’s digital agenda forward and positioning the continent as a leader in technology innovation and entrepreneurship.

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Appointments

Access Holdings Welcomes Back Mr. Aigboje Aig-Imoukhuede as Chairman After 10 Years

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Access Holdings PLC, a prominent Nigerian financial institution, has announced the return of Mr. Aigboje Aig-Imoukhuede, CFR, as its Non-Executive Chairman after a decade-long hiatus from the organization’s leadership.

Aig-Imoukhuede, a distinguished figure in the Nigerian banking sector, previously served as the pioneering Group Managing Director and CEO of Access Bank.

The decision to reinstate Aig-Imoukhuede as Chairman follows the untimely passing of the former Group CEO, Dr. Herbert Wigwe, CFR.

With the passing of Dr. Wigwe, Access Holdings sought to fill the void in its leadership by inviting Aig-Imoukhuede back to steer the organization forward.

Aig-Imoukhuede brings with him a wealth of experience and a proven track record of success from his previous tenure at Access Bank.

During his leadership at Access Bank from 2002 to 2013, the institution underwent significant growth and transformation, emerging as one of Nigeria’s top five banks with a presence in multiple African countries and the United Kingdom.

In his new role as Non-Executive Chairman, Aig-Imoukhuede will collaborate closely with the Board of Directors to oversee the strategic direction of Access Holdings.

His return signifies the Board’s commitment to building upon the foundation laid by him and Dr. Wigwe, with a focus on driving sustained growth and value creation for stakeholders.

Expressing his excitement about Aig-Imoukhuede’s return, Mr. Abubakar Jimoh, the former Chairman of Access Holdings, highlighted the significance of the appointment for the organization’s future.

Aig-Imoukhuede himself expressed his enthusiasm for rejoining the Access Group ecosystem, affirming his dedication to realizing the shared vision for the institution’s success.

The return of Aig-Imoukhuede to Access Holdings heralds a new chapter for the organization, characterized by his expertise, passion, and commitment to excellence.

Under his leadership, Access Holdings is poised to embark on a journey of impactful growth and sustainable success.

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