Elias Igbinakenzua has resigned from First Aluminium Nigeria Plc as Managing Director (MD) and Chief Executive Officer (CEO). To this end, the company’s board of directors have replaced him with the former Deputy Managing Director, Callistus Udalor.
Callistus Udalor’s profile: Udalor has been an Executive Director of First Aluminium Nigeria Plc since November 23, 2015. Prior to this time, he also served as its Deputy Managing Director.
Udalor co-founded Constant Capital Partners Limited in 2005 and also served as its Partner. In 2011, he left Constant Capital Partners Limited.
Prior to his stint at Constant Capital Partners Limited, he served as a Senior Associate with Simpson Thacher & Bartlett LLP, a law firm that was established in 1884 and has about 720 lawyers. He joined the law firm in 1997 as an Associate in the Corporate Law Department, served in the firm’s London office from 1999 to 2000, and later on in the firm’s New York office.
His practice has focused on merger and acquisition and corporate finance transactions. He has represented corporations, private equity sponsors, and investment banks in a variety of leveraged buyouts, acquisitions, dispositions, joint ventures, and other business combination transactions.
He has also represented issuers and underwriters in initial public offerings, high yield bond offerings, and other corporate finance transactions. He led the team that advised Standard Trust Bank in their merger with UBA.
Prior to joining Simpson Thacher & Bartlett in 1997, Udalor worked with Hewlett Packard in Mountain View, California and the law firm of Wilson Sonsini Gooodrich & Rosati in Palo Alto, California.
He served as a Non-Executive Director of International Energy Insurance Plc since May 31, 2012.
Udalor received a B.Sc. in Political Science from University of Lagos in 1987 and holds a Doctor of Jurisprudence from the University of California in 1997.
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