Nigerian Breweries Plc, a leading brewing company in Nigeria, has announced significant changes to its board of directors. Asue Ighodalo, the current Chairman, will resign from his position effective December 31, 2023. This decision was disclosed during a notification to the Nigerian Exchange Limited (NGX), signed by Uaboi Agbebaku, the Company Secretary/Legal Director, following a Board Meeting on December 7, 2023.
Ighodalo's resignation is motivated by his intention to pursue public service. He expressed mixed emotions about leaving the board but emphasized his pride in having been part of a robust organization that navigates Nigeria’s dynamic business environment. "It is with heartfelt regret that I announce my resignation as Chairman of the Board of Nigerian Breweries Plc effective December 31, 2023," he stated.
Ndidi O. Nwuneli will also step down as an Independent Non-Executive Director after completing her tenure on December 31, 2023. She has served on the board for nine years.
To ensure continuity, Sijbe “Siep” Hiemstra has been appointed as Interim Chairman starting January 1, 2024. Hiemstra is currently a member of the Governance Committee and has served on the Statutory Audit Committee since joining the board on August 1, 2011. He is also a former Heineken Regional President for Africa and the Middle East.
In addition to these changes, Stella Ojekwe-Onyejeli will join as a Non-Executive Director beginning January 1, 2023. Ojekwe-Onyejeli brings extensive experience in risk management and financial services and currently holds positions on the boards of Coronation Insurance Plc and Rand Merchant Bank.
Nigerian Breweries Plc remains committed to maintaining high-quality standards and consumer satisfaction while navigating these leadership transitions.
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