Nigerian Breweries Chairman Ighodalo Resigns position

Nigerian Breweries Plc has stated that Mr. Asue Ighodalo, the chairman, has resigned, altering the makeup of the board of directors.

The company’s secretary, Mr Uaboi Agbebaku, made this known via a notification to the Nigerian Exchange Ltd on Friday in Lagos.

According to Agbebaku, Ighodalo notified the business of his intention to step down and volunteer for public service.

In accordance with good corporate governance, he announced that Ighodalo would step down as chairman and from the board on December 31, 2023.

Ighodalo, according to Agbebaku, expressed mixed feelings about the choice, describing it as a difficult sacrifice that would allow him to devote himself fully to the new cause.

 “It is with heartfelt regret that I announce my resignation as the Chairman of the Board of Nigerian Breweries Plc effective Dec. 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,” he said.

Agbebaku also announced the appointment of the longest-serving director, Sijbe Hiemstra, as the chairman of the company in an interim capacity effective January 1, 2024, pending the appointment of a substantive chairman.

He stated that during the transition period, Hiemstra would steer the affairs of the board and oversee the process of appointing a substantive chairman.

“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, 2023.

“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.

(NAN)