Portland Paints & Products Nigeria Plc has appointed Mrs Bolarin Okunowo as a Non-Executive Director. This is the second Non-Executive Director the company has appointed within the space of a month.
Okunowo’s role entails policy-making and planning exercises for Portland Paints. With over 15-years experience as a financial expert, Okunowo will offer the company debt advisory, corporate finance, principal investments, and financial management counsel.
The appointment, which took effect on May 29, 2019, was just announced by Portland Paints through a statement published on the Nigerian Stock Exchange (NSE).
Okunowo is currently UAC group’s Head of Corporate Finance. In this role, she is saddled with the responsibility of recapitalising UACN Property Development Company Plc, a subsidiary of the UAC group.
Previous work experience: She was Stanbic IBTC Capital‘s Head, Energy & Infrastructure Finance. Okunowo handled oil and gas, power and infrastructure debt finance portfolio, among many other responsibilities.
She also worked at Asset & Resource Management Company (ARM) before joining Stanbic. Okunowo worked with an investment banking team at ARM, pioneering work on the company’s Hospitality & Retail Fund, as well as executed a host of financial advisory mandates across multiple sectors including infrastructure, government (PPP), aviation, real estate, and many other vital sectors.
Prior to joining ARM, Okunowo worked at Pricewaterhouse Coopers (PwC), providing audit services to the firm’s financial service clients.
Okunowo’s qualifications speak for her. She is a qualified Chartered Accountant, with a Bachelor’s degree in Commerce from the University of Birmingham UK and a Master’s degree in Information Systems from the prestigious London School of Economics.
Other details of Okunowo;
- Okunowo’s work ethics saw her lead the execution of debt advisory and debt arranging mandates for large scale energy and infrastructure projects in Nigeria.
- She has extensive experience in debt restructuring and recovery for complex transactions most notably in the wake of the 2015 oil price crash.
- Over the course of her career at Stanbic, she worked and closed over $16 billion worth of debt financing deals for projects in Nigeria’s oil-rich Niger Delta region as well as Greenfield infrastructure projects across the country.
- While at Stanbic, she was seconded to the oil and gas debt finance team in Standard Bank of London and gained quality experience in international debt finance best practice.
Her appointment follows that of Mrs. Esosa Vanessa Balogun as a Non-Executive Director in April 2019.
Airtel Africa Plc appoints Kelly Bayer Rosmarin as Non-Executive Director
Kelly Bayer Rosmarin has been appointed by Airtel Nigeria Plc as a Non-Executive Director.
Airtel Nigeria Plc has announced the appointment of Kelly Bayer Rosmarin as a Non-Executive Director (NED), with effect from 27 October 2020.
This information is contained in a note sent to the floor of the Nigerian Stock Exchange on the 27th of October 2020 and signed by Secretary, Airtel Africa Plc, Simon O’ Hara.
The appointment of Ms. Bayer Rosmarin is by the nomination of the controlling shareholder, pursuant to the terms of relationship agreement dated 17 June 2019, between the Company, Bharti Airtel, Airtel Africa Mauritius Limited, the majority shareholder, and an indirect subsidiary of Bharti Airtel, and Bharti Telecom. Ms. Bayer Rosmarin will replace Arthur Lang, who stepped down as a non-executive director on the same day.
Ms. Bayer Rosmarin is currently the CEO of Singtel Optus and Consumer Australia. She was previously with Commonwealth Bank of Australia, where she held several senior positions and varied portfolios, before being appointed as Group Executive of Institutional Banking and Markets.
What they are saying
Commenting on the appointment, Chairman, Sunil Bharti Mittal said, “On behalf of the Board, I would like to thank Arthur, who joined the Board in October 2018 and supported the company through its IPO, for his significant contribution to the success of our strategy to build Airtel Africa into a market-leading mobile service provider and wish him well for the future.”
He further stated, “I am delighted that Kelly has agreed to join the Airtel Africa Board and we very much look forward to working closely with her.”
MTN Nigeria announces the appointment of Karl Toriola as CEO designate
MTN Nigeria has announced the appointment of Karl Toriola as new CEO designate, to replace Ferdi Moolman.
The Management of MTN Nigeria Communications Plc has announced the appointment of Mr Karl Toriola as the CEO designate.
This information is contained in a note sent to the floor of the Nigerian Stock Exchange on 26th October 2020 and signed by MTN Nigeria Plc Secretary, Uto Ukpanah.
The note partly reads:
“MTN Nigeria is pleased to inform The Nigerian Stock Exchange (The Exchange), the investing public and other stakeholders, of the appointment of Mr. Karl Toriola as the CEO designate. His appointment is effective 19 March 2021, providing enough time for an orderly handover.“
Since joining the Group in 2006, Mr. Toriola has also held a number of senior operational roles including Chief Technical Officer of MTN Nigeria, CEO Of MTN Cameroon and MTN Group Operations Executive.
Mr. Toriola has at various times in his career in MTN Group, had oversight responsibility of 16 of the Group’s subsidiaries and served on various MTN boards, including MTN Nigeria.
What they are saying
Speaking on the appointment, Dr Ernest Ndukwe OFR, Chairman of MTN Nigeria said, “After a thorough and rigorous selection process, we are delighted to welcome Karl back to MTN Nigeria. Karl Toriola is recognized throughout the industry as a highly experienced and well-regarded business leader.
“With his rich credentials, I am personally pleased that Mr. Karl Toriola is well-suited to lead MTN Nigeria’s Executive Management team through the next stages of growth in the years ahead.”
What to expect
Mr. Karl Toriola’s appointment as CEO of MTN Communications Nigeria Plc is effective from 19 March 2021, providing enough time for an orderly handover by Mr. Ferdinand Moolman.
The current CEO of MTN Nigeria, Mr. Ferdinand Moolman, will exit this role with effect from 19 March 2021 and assume a new role as MTN Group Chief Risk Officer. He will remain on the Board of MTN Nigeria in his new role as the MTN Group Chief Risk Officer.
TCN MD, Sule Abdulaziz appointed Chairman of West Africa Power Pool
The acting Managing Director of TCN, Sule Abdulaziz, has been appointed the new Chairman of WAPP.
The acting Managing Director of Transmission Company of Nigeria (TCN), Sule Abdulaziz, has been appointed the new Chairman of the Executive Board of West African Power Pool (WAPP). Abdulaziz was nominated by the former Managing Director of Power Holding Company of Nigeria (PHCN), Joe Makoju, who is an honorary member of WAPP.
This disclosure was made by TCN’s General Manager, Public Affairs, Mrs Ndidi Mbah, through a public statement in Abuja on Thursday, October 22, 2020.
In her statement, Mbah revealed that the West African Power Pool was created by Decision A/DEC.5/12/99 of the 22nd Summit of the ECOWAS Authority of Heads of State and Government, and adopted during the 29th Summit of the ECOWAS Authority of Heads of State and Government held in Niamey, Niger.
The appointment was made during the 46th meeting of the WAPP Executive Board which was chaired by the Secretary-General of ECOWAS, Ki Sengui, and held through video conference on October 21.
The statement from Mba partly reads, “While making the nomination, Makoju noted that Abdulaziz is an expert in engineering with vast experience in the electricity sector and therefore will perform creditably as the new WAPP Executive Board Chairman.
“His proposal was endorsed by MDs and Director Generals and other members of the board,” she said.
According to the statement, Abdulaziz in his acceptance speech thanked the board members and the honourary members for his nomination as the Chairman of the board and assured them of his total commitment to the overall objective of the regional electricity body.
He also expressed the need to move the pool to the next level of operational efficiency and solicited the support of member utilities, especially members of the executive board in this regard.
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He urged members to ensure prompt payment of their contributions to the pool and also continue to collaborate actively with the secretariat to ensure effective and efficient coordination and implementation of all WAPP programmes.