APPOINTMENT  Archives — Business Bells

Business Bells

Category: APPOINTMENT 

  • Coca-Cola Appoints Bunmi Adeniba as new Marketing Director

    Coca-Cola Appoints Bunmi Adeniba as new Marketing Director

    Bunmi Adeniba, an experienced marketing professional and commercial operator with a strong bias for using consumer insights and her understanding of an end-to-end manufacturing process to harness value for multiple stakeholders, has been appointed as the new Marketing Director of Coca-Cola Nigeria Plc.

     

    Prior to her current appointment, Mrs. Adeniba, the Acting President of Advertisers Association of Nigeria (ADVAN), was the Marketing Director of Unilever Nigeria.

     

    She is also the Vice-President of the World Federation of Advertisers (WFA). The WFA Executive Committee brings together senior marketers and public affairs executives to reflect the dual mission of helping marketers be more effective and efficient in terms of their marketing spend, while helping brand owners protect and future-proof their license to operate through advocacy and effective advertising self-regulation.

     

    Mrs. Adeniba has worked in several other FMCG companies in her chequered career trajectory. She is a customer focused professional with broad spectrum, cross functional work experience spanning brand building, new products and category development, supply chain/quality management and quality systems set up.

     

    Her ability to quickly understand, interpret and apply strategic directions is believed to be highly remarkable and commendable. She has a great deposition and always willing to learn and share knowledge.

    Coca-Cola Appoints Bunmi Adeniba as new Marketing Director
    Bunmi Adeniba

    Mrs. Adeniba’s over two decades experience spans across brand building, innovation design, and quality management system.

     

    She has an MBA from Hult Business School, Boston and a certificate of Strategic Marketing Management from Harvard Business School, Massachusetts, USA.

     

    She is a 2018 CSC Leader, a global programme for exceptional senior leaders selected from government, businesses and NGOs across the 53 countries of the commonwealth

     

    Mrs. Adeniba is passionate about women empowerment and raising phenomenal leaders in the marketplace.

     

    She has been recognised as one of the fifty Ladies in corporate Nigeria by Leading Ladies Africa and Brand communicator’s top 50 women in marketing and communication in Nigeria.

     

    Mrs. Adeniba holds membership with the Institute of Directors (IOD), National institute of Marketing (NIMN), Chartered institute of Marketing UK (MCIM), Advertising Practitioners Council of Nigeria (APCON), and American Society of Quality (ASQ). She is a Certified Digital Marketing Professional (CDMP) from the Digital Marketing Institute.

     

     

  • Nigerian Breweries Appoints Ighodalo, Anammah as Non-Executive Directors

    Nigerian Breweries Appoints Ighodalo, Anammah as Non-Executive Directors

     

    The Board of Directors of Nigerian Breweries Plc, Nigeria’s foremost brewing company, has announced the appointments of Asue Ighodalo and Juliet Anammah as new Non-Executive Directors.

     

    In a notice to the Nigerian Exchange Limited (NGX), signed by the Company Secretary/ Legal Director, Uaboi Agbebaku, the company stated that the appointments of the duo take effect from January 1, 2022.

     

     

    “Nigerian Breweries Plc (“the Company”) hereby informs the Nigerian Exchange Limited and the investing public of the following appointments to the company’s Board of Directors (“Board”) effective 1st of January 2022”, reads the statement.

     

    Ighodalo who brings over 35 years of experience as a practicing lawyer, comes to the board as a Non-Executive Director, while Anammah, with 30 years of experience covering a wide range of sectors including Consumer Goods, Marketing sits on the board as an Independent Non-Executive Director.

    Nigerian Breweries Appoints Ighodalo, Anammah as Non-Executive Directors
    Ighodalo

    Ighodalo; a recognized leading figure in Corporate Nigeria currently sits on the boards of several reputable organizations, including the Nigerian Economic Summit Group, as Chairman, and Sterling Bank Plc, as Chairman.

     

     At the same time, Anammah, currently the Chief Sustainability Officer of Jumia, serves on the boards of several local and international organizations, including Flour Mills of Nigeria Plc and Imperial Logistics, South Africa.

     

    According to the statement, the board is glad to welcome Mr. Ighodalo and Mrs. Anammah to the team and look forward to the wealth of experience, exposure, and knowledge both will be adding to the Board and the Company.

    Nigerian Breweries Appoints Ighodalo, Anammah as Non-Executive Directors
    Anammah

    Following from the above appointments, the Company’s Board effective the 1st of January 2022 shall be composed as follows:

    Chief K.B. Jamodu, CFR – Chairman ; H. Essaadi (Dutch) – Managing Director/Chief Executive; J. Anammah (Mrs); A.O. Aroyewun (Mrs); S. Hiemstra (Dutch); A. Ighodalo; R. Kleinjan (Dutch); N.O. Nwuneli (Mrs), MFR; I.M. Omoigui Okauru (Mrs), MFR; R. Pirmez (Belgian); S.L.M. Siemer (Dutch).

     

  • Laurence Smith Joins Lekki Port as Chief Operating Officer

    Laurence Smith Joins Lekki Port as Chief Operating Officer

     

    Lekki Port LFTZ Enterprise Limited (Lekki Port) has announced the appointment of Laurence Smith as its Chief Operating Officer with effect from 15 October 2021.

     

    Laurence Smith joins Lekki Port with a wealth of experience of over 20 years in the maritime industry, during which he has held strategic positions in different organizations including DP World Limassol, INTELS and APM Terminals in Nigeria, Cyprus, Southampton and Spain.

     

     Mr. Smith is experienced in the day-to-day management of terminals, quality assurance, health & safety and strategic deployment of labour.

     

    As Operations Manager for DP World Limassol in Cyprus between 2018 and 2020, he was responsible for the restructuring of the Companys operations department to meet the needs of the customer, whilst also reducing the fleet equipment rental costs.

     

    During his time with APM Terminals Apapa as Chief Operating Officer, he oversaw the strategic landscape for the terminal. In 2016, he worked as the General Manager, Operations for INTELS where he introduced analytic measures to reduce cost inefficiencies of the organization.

     

    He holds certifications in Port Management and Terminal Management from Middlesex University and Kent University respectively. He is also well-grounded in Port safety having received an International Safety Certificate through NEBOSH.

     

    Mr. Smith will lead efforts in collaboration with the Executive Management of Lekki Port, the EPC contractor, China Harbour Engineering LFTZ Enterprise and the Container Terminal Operator, Lekki Freeport Terminal, to get Lekki Port ready to start port operations before the end of 2022.

     

  • Fidelity Bank’s Chairman, Chike-Obi Succeeds Osaretin Demuren As BDAN President

    Fidelity Bank’s Chairman, Chike-Obi Succeeds Osaretin Demuren As BDAN President

    The Bank Directors Association of Nigeria (BDAN) has announced the appointment of Fidelity Bank Plc’s Chairman, Mustafa Chike-Obi, as president, following the completion of Osaretin Demuren’s tenure.

     

    The appointment was confirmed in a statement by the Executive Secretary of the BDAN, Adebukola Orenuga.

     

    Acccording to Mrs Orenuga Mr Chike-Obi’s appointment was ratified by the Forum for Banks’ Chairmen organised by the BDAN in June 2021.

     

    On his part, Mr Chike-Obi, a former head of the Asset Management Company of Nigeria, (AMCON) said he would continue to pursue the mandate of the association by working with relevant stakeholders to ensure banks play a more active role in the nation’s economy.

     

    “As the chairman of this important association, I plan to represent more robustly, the interest of the banking industry and to project the image of the banking industry as an essential partner with our customers and the Nigerian economy as a whole.

     

    “These are no-doubt interesting times given the COVID-19 pandemic and resulting economic challenges.

     

    “I look forward to partnering with shareholders as well as customers, regulators and all other players to contribute our quota to positioning the Nigerian economy for sustainable growth and recovery,” he said.

     

    The incoming chairman has over 40 years of experience in investment banking and the financial services sector, working with reputable global investment banking and asset management firms.

     

    He was appointed to the Board of Fidelity Bank Plc in August 2020 and is currently the Executive Vice Chairman at Alpha African Advisory where he provides overall leadership and has direct oversight over the capital raising division.

     

    Prior to joining Alpha African Advisory, he was the inaugural Chief Executive Officer of the Asset Management Corporation of Nigeria (AMCON), a federal government institution established to resolve the problem of non-performing loan assets of Nigerian banks after the 2008 global financial crisis.

     

    BDAN is a non-profit making organisation, limited by guarantee, which was set up to be an effective forum for representing the interests of bank directors in Nigeria.

     

  • Beer Sectoral Group Announces Appointment of Baker Magunda as Chairman 

    Beer Sectoral Group Announces Appointment of Baker Magunda as Chairman 

     

    The Beer Sectoral Group (BSG), a section of the Manufacturers Association of Nigeria (MAN), has announced the appointment of Baker Magunda as Chairman of the Group with effect from 1st August 2021. 

     

    Magunda replaces former BSG Chairman, Jordi Borrut Bel who has moved on from his position as Managing Director and Chief Executive Officer, Nigerian Breweries Plc, to take up new responsibilities within the Heineken Group. 

     

    The BSG is a trade association comprising beer manufacturers in Nigeria who are members of the Manufactures Association of Nigeria. Its membership includes Nigerian Breweries Plc, Guinness Nigeria Plc and International Breweries PLC. 

     

    Baker Magunda is the current Managing Director and Chief Executive Officer of Guinness Nigeria Plc.

     

    Prior to joining the Guinness Nigeria team, Baker was Managing Director of Diageo Ethiopia and the Indian Ocean Markets.

     

    He gained his first degree in Economics at Makerere University in Uganda and Makerere University Business School. He also attended IESE and Strathmore Business Schools for postgraduate studies in Business and Leadership. 

    Beer Sectoral Group Announces Appointment of Baker Magunda as Chairman 
    Baker Magunda

     

    He started his career in Sales and Marketing at Coca-Cola Sabco in 1991.

     

    He was made Head of Sales in 1996 before joining Diageo in 1999.

     

    At Diageo, he served in several marketing roles before becoming Managing Director for Diageo’s businesses in Uganda, Kenya, Cameroon.

     

  • GTB Appoints First Female MD, Becomes GTCO Plc

    GTB Appoints First Female MD, Becomes GTCO Plc

     

     By Adejuwon Osunnuyi

     

    Following the completion of its restructuring into a holding company, Guaranty Trust Bank has appointed Mrs Miriam Olusanya as the first female managing director of its banking arm, while Mr Segun Agabaje serves as group managing director of the Guaranty Trust Holding Company Plc.

     

    In a statement by the financial institution, the holding company will be governed by a Board of Directors comprising, Mr. Sola Oyinlola as Chairman of the Board and Mr Segun Agbaje as the Group Chief Executive Officer, Mr Adebanji Adeniyi as Executive Director, Mrs Cathy Echeozo as Non-Executive Director, Mr. Suleiman Barau and Mrs. Helen Bouygues as Independent Non-Executive Directors.

     

    The Banking subsidiary, Guaranty Trust Bank Limited will be governed by a Board of Directors comprising, Mr Ibrahim Hassan as Chairman of the Board, Mrs Miriam Olusanya as Managing Director, Mr Jide Okuntola as Deputy Managing Director, Mr Haruna Musa as Executive Director, Mr Olabode Agusto as Independent Non-Executive Director, Ms Imoni Akpofure and Mrs Victoria Adefala as Independent Non-Executive Directors.

     

    Commenting on the completion of the Corporate Reorganization, Agbaje, said: “We believe that a Holding Company Structure will allow us take advantage of new business opportunities in the emerging competitive landscape and strengthen our earnings base. We are very excited to get started on the next phase of our incredible journey to driving Africa’s growth by making end-to-end financial services easily accessible to every African and African Businesses by leveraging Technology and Strategic Partnerships.

     

     

    “As a bank, we were always looking to meet every customer need; with our corporate reorganization, we will be able to do more to help our customers thrive in this new world of digital technologies and unprecedented possibilities. Whilst we are evolving as an organization, we remain committed to our founding values which have endeared our brand to millions of people across Africa and beyond, and which continues to drive our financial success.

     

    “As a proudly African and truly international band, we will continue to live by these values—of excellence, hard work and integrity, even as we create faster, cheaper, safer and more diverse products for people and businesses of varied types and sizes.”

     

    The financial institution, aiming to strengthen its long-term competitiveness and growth prospects, Guaranty Trust Bank plc had recently completed its re-organisation to a holding company structure.

     

    Under the terms of the re-organisation, a new operating company has been established and amendments made to the articles of incorporation for a corporate name change.

     

     The corporate name of Guaranty Trust Holding Company Plc and GTCO Plc will be used by the newly established operating company.

     

    The statement noted that the appointments have been approved by the Central Bank of Nigeria and disclosed to the Securities and Exchange Commission and the Nigerian Exchange Group.

     

    Prior to its corporate reorganization to Guaranty Trust Holding Company Plc, Guaranty Trust Bank Plc has been at the forefront of delivering innovative banking products and services to customers and best-in-class Return-on-Equity to shareholders.

     

     It is widely regarded as the best managed financial institution in Nigeria and has, over the past decade, embarked on a period of unparalleled growth, growing its customer base from less than three million customers in 2011 to over 24million customers in 2020, and profit before tax from N45.5 billion at the end of the 2010 financial year to N238.1billion at the end of the 2020 financial year.

     

  • FCMB Confirms Edun As New MD

    FCMB Confirms Edun As New MD

    The Board of Directors of FCMB Group Plc has announced the appointment of Yemisi Edun as the Managing Director of First City Monument Bank (FCMB) Limited.

     

    This announcement is subsequent to the end of  service of the bank’s former Managing Director, Adam Nuru.

     

    The Board had earlier reviewed media allegations made  in late 2020 against the former MD and did not establish any contravention of its policies.

     

    The Board of Directors of FCMB thanks Mr Nuru for his years of dedicated service and wishes him all the best in his future endeavours.

     

    Prior to this appointment, the new Managing Director, Yemisi Edun was the Executive Director/ Chief Financial Officer of the bank and previously served as the acting Managing Director.

     

    With a work experience spanning nearly 35 years, Yemisi Edun holds a Bachelor’s degree in Chemistry from the University of Ife, Ile-Ife and a Master’s degree in International Accounting and Finance from the University of Liverpool, United Kingdom.

     

    She is a Fellow of the Institute of Chartered Accountants of Nigeria and a Certified Financial Analyst, CFA®️ Charter holder.

     

     She is also an Associate Member of the Chartered Institute of Stockbrokers; an Associate Member of the Institute of Taxation of Nigeria; a Member of Information Systems Audit and Control, U.S.A; and a Certified Information Systems Auditor.

     

     

  • Nigerian Breweries Appoints Hans Essaadi as New Managing Director

    Nigerian Breweries Appoints Hans Essaadi as New Managing Director

     

    …takes over from Jordi Borrut Bel on July 31, 2021

     

    The Board of Directors of Nigerian Breweries Plc has announced the appointment of Mr. Hans Essaadi as the new Managing Director of the company with effect fromJuly 31, 2021.

     

    He replaces current MD/CEO, Jordi Borrut Bel who has completed his assignment in Nigeria and has been appointed as MD/CEO for HEINEKEN South Africa.

     

    In a statement to the Nigerian Exchange Limited, the Board expressed its gratitude to Mr Bel, who successfully cemented the company’s position as market leader in a challenging operating environment, and also steered the company through a turbulent period, caused by the negative impact of the COVID-19 pandemic in Nigeria.

     

    The incoming MD, Hans Essaadi is the current Managing Director of Al Haram Beverages, the Heineken Operating Company in Egypt. He joined the HEINEKEN Group as a Sales representative in 1991 and rose through the ranks, assuming various senior roles within the Group in Sales, Export and Marketing.

     

    He commenced his international career with HEINEKEN Puerto Rico as the Country Manager, and thereafter became the General Manager, Brau Union International (Austria). Before his current role in Egypt, he was General Manager, Siroco (the HEINEKEN Joint Venture with the Emirates in Dubai) and Managing Director,

     

    Incorporated in 1946, Nigerian Breweries Plc is Nigeria’s pioneer and largest Brewing firm with 9 breweries, 2 malting plants and 26 Sales depots from which its high-quality products are distributed to all parts of the country. With a market capitalization of N448 billion, it is one of the largest companies on the Nigerian Exchange Limited.

  • Surendran Replaces Ogunsanya As Managing Director/CEO Of Airtel Nigeria

    Surendran Replaces Ogunsanya As Managing Director/CEO Of Airtel Nigeria

     

    Airtel Networks Limited (Nigeria), a subsidiary of Airtel Africa plc, has announced the appointment of C. Surendran as Managing Director and Chief Executive Officer (MD and CEO) of Airtel Nigeria with effect from 1 August 2021.

     

    In addition, Mr. Surendran will be appointed to the Executive Committee (ExCo) as Regional Operating Director, reporting to the CEO of Airtel Africa plc, and onto the Board of Airtel Networks (Nigeria) Limited.

     

    Mr. Surendran replaces Mr. Olusegun (Segun) Ogunsanya.  Mr. Olusegun (Segun) Ogunsanya will become Managing Director and Chief Executive Officer of Airtel Africa plc with effect from 1 October 2021, with a transition period from 1 August 2021.

     

    Mr. Surendran has been with Bharti Airtel since 2003 and has contributed immensely in various roles across customer experience, sales and business operations.

     

    According to a statement by the telco, in his most recent role as CEO Karnataka, which is the largest circle in Airtel India with over $1bn in revenue, Mr. Surendran delivered exceptional performance with significant movement in Revenue Market Share (RMS) over last few years, currently at 54%.

     

    Surendran has over 30 years of business experience, including 15 years at Xerox.

     

    He will transition into his new role from 1 June 2021 and spend the time onboarding into the business until 31 July 2021.

  • Ogunsanya Appointed Airtel Africa CEO

    Ogunsanya Appointed Airtel Africa CEO

     

    Airtel Africa plc, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, has announced Olusegun Ogunsanya, Managing Director and CEO Nigeria to succeed Raghunath Mandava, as Managing Director and Chief Executive Officer following Mandava’s informing the Board of his intention to retire. 

     

    Ogunsanya will join the Board of Airtel Africa plc with effect from 1 October 2021. 

     

    Ogunsanya joined Airtel Africa in 2012 as Managing Director and CEO Nigeria and has been responsible for the overall management of our operations in Nigeria, our largest market in Africa. 

     

    Segun has more than 25 years’ business management experience in banking, consumer goods and telecoms.

     

    Before joining Airtel in 2012, Segun held leadership roles at Coca-Cola in Ghana, Nigeria, and Kenya (as MD and CEO).

     

     He has also been the Managing Director of Nigerian Bottling Company Ltd (Coca-Cola Hellenic owned) and Group head of retail banking operations at Ecobank Transnational Inc, covering 28 countries in Africa. He is an electronics engineer and also a chartered accountant.

     

    Raghu Mandava will be retiring as Managing Director and Chief Executive Officer, as a Director of Airtel Africa plc and as a member of the Market Disclosure Committee on 30 September 2021.

     

    A statement by the telecom firm stated that arrangements have been made to ensure a smooth transition of responsibilities.

     

    “Following his cessation of employment at Airtel Africa, Mr. Mandava will be available to advise the Chairman, the Airtel Africa Board and the Managing Director and Chief Executive Officer for a 9-month period.”

     

    An announcement naming Segun Ogunsanya’s successor as Managing Director and CEO Nigeria is expected to be made soon.

     

    Sunil Bharti Mittal, Chairman said: “We are delighted to appoint Segun Ogunsanya as the Group’s next Chief Executive Officer.  He has displayed significant drive and energy in turning around the Nigeria business by focusing on network modernisation, distribution, and operational efficiency. It is this commitment, together with his industry experience, strategic vision, constant customer focus and proven record of delivery that will enable him to continue to deliver our strategic objectives and to lead the Group in the next stages of its development.”

     

    “On behalf of the Board I would like to thank Raghu Mandava for being instrumental in successfully leading and transforming Airtel Africa into a powerhouse telecommunications and mobile money company. Throughout that time, Raghu has worked tirelessly first to repair and then to strengthen Airtel Africa’s business and to champion our stakeholders. As we look forward to Segun assuming his new role in October 2021, we do so from a position of great strength as a result of Raghu’s highly effective stewardship. Raghu will retire from the Board with our very best wishes and sincere appreciation for everything he has achieved.”

     

    Raghu Mandava said: “I am thankful to Airtel Africa for providing me and my team the opportunity to transform the business and fulfil our responsibility to the countries in which we operate. It has been a privilege to serve in the African continent and I cherish my time here. Airtel Africa is a remarkable business with fantastic people. Having been at Bharti Airtel for 13 years and at Airtel Africa for 5 years as Chief Executive Officer, I feel now is the right time to take a sabbatical.

     

    “The last five years have been an exhilarating journey where we have been able to turnaround and transform the business into a strong high growth and profitable company. We have been able to build the business with our unique management and problem solving approach to bring in substantial performance improvement. I am very proud of what we have achieved over the past 5 years in Africa, and I look forward to seeing the Company make even greater progress over the coming years.”

     

    Segun Ogunsanya said: “Having been part of the Airtel Africa journey for the past nine years, I am looking forward to taking up the role of Chief Executive Officer. On a personal note, as an African, I feel honoured to have the opportunity to lead a Group that continues to make a difference to millions of people, bridge the digital divide and expand financial inclusion. This is an exciting opportunity to position Airtel Africa for further success in a dynamic continent full of potential. I look forward to building on the achievements of the last five years during Raghu’s leadership.”

     

    There are no additional matters requiring disclosure under Rule 9.6.13 of the UK Listing Rules.