Nigerian Breweries Plc has disclosed alterations in its board of directors, marking the departure of Chairman Mr. Asue Ighodalo.
The resignation, effective December 31, 2023, is believed to be linked to Ighodalo’s intention to contest the Edo State governorship election under the banner of the Peoples Democratic Party, reportedly Governor Godwin Obaseki’s preferred candidate.
The announcement was made by the company’s secretary, Mr. Uaboi Agbebaku, in a notification to the Nigerian Exchange Limited in Lagos. Agbebaku conveyed Ighodalo’s decision to resign and pursue public service, following proper corporate governance practice.
Ighodalo, expressing mixed emotions, stated,
“It is with heartfelt regret that I announce my resignation as the Chairman of the Board of Nigerian Breweries Plc effective December 31, 2023.
“After extensive deliberations, I have decided to offer myself for public service to our dear country.
“It is my pride to have been part of such a formidable organisation well-positioned to meet the opportunities and challenges in Nigeria’s ever-changing business environment.”
Agbebaku further announced the appointment of the longest-serving director, Sijbe Hiemstra, as the interim chairman from January 1, 2024, until the selection of a substantive chairman.
The transition period would see Hiemstra overseeing the board’s affairs and facilitating the appointment process.
“We also announce the completion of the tenure of Ndidi Nwuneli as an independent non-executive director of the company, following the completion of her tenure.
“The board also informs of the appointment of Stella Ojekwe-Onyejeli as Non-Executive Director to fill a vacancy on the Board, effective January 1, 2024.
“Ojekwe-Onyejeli brings to the board years of knowledge and experience as a risk manager with a demonstrated history of working in the financial services industry and skilled in enterprise risk management, business planning, internal audit, and analytical skills.
“She currently serves on the boards of Coronation Insurance Plc and Rand Merchant Bank, amongst others,” he said.
| ThisDay
