UAC Properties Development Company Plc, a subsidiary of UAC of Nigeria Plc in a notice to the Nigerian Stock Exchange (NSE) today announced the following board appointments effective August 6 2018:
Babatunde Kasali has been appointed Chairman of the Board of Directors. This follows the resignation of Larry Ettah. Ettah was the immediate past Group Managing Director of UAC of Nigeria Plc.
Folasope Aiyesimoju has been appointed Chief Executive Officer (CEO). Aiyesimoju is the founder of Themis Capital Management, and co founder Foodpro Limited. He is currently a Non Executive Director of UAC of Nigeria Plc. Themis, in April this year, took up a stake in UPDC’s parent company UAC of Nigeria Plc.
Awuneba Ajumogobia has been appointed Non Executive Director. She is currently a Non Executive Director of UAC of Nigeria Plc and Executive Director of Multistream Energy Limited.
Niun Taiwo has been appointed substantive Chief Operating Officer (COO). Prior to this, she had been Acting Managing Director since May this year
UAC is currently trading at N1.70 in today’s session on the NSE, up 9.41%.