Appointments
Julius Berger gets new Non-Executive Director
During a meeting on June 19th, 2019, the Board of Directors of Julius Berger Nigeria Plc announced the appointment of Engineer Goni Musa Sheikh as a Non-Executive Director of the construction firm.
According to a notice by Julius Berger Plc to the Nigerian Stock Exchange dated June 20th and signed by the Company Secretary Mrs Cecilia E. Madueke, it was disclosed that Mr Sheikh’s appointment would take effect on 1st July, 2019.
Goni Musa Sheikh’s Profile: He was appointed Mining Engineer I at the Nigerian Mining Corporation (NMC), Jos, Plateau State in 1980. From 1980 to 1990, Sheikh was involved in the design, development, and executions of many mineral projects like gold, barytes, cement, feldspar, talc, bentonite, tin ores, soda ash, tantalite, lead/zinc sulphides, diatomite and kaolin.
In 1990, he became the General Manager/Chief Executive Officer of Nigerian Kaolin Limited (a subsidiary of Nigerian Mining Corporation, Jos).
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He rose in 2000 to the post of General Manager, Corporate Infrastructure and Projects of the Nigerian Mining Corporation, Jos, where he oversaw all the operations and development of new projects of the Corporation.
Between 2000 and 2006, he was the Executive Director of the Bitumen Project, Akure. Sheikh held several positions in Government including Director, Mines Inspectorate Department; Director, Mining Cadastre Office; Permanent Secretary, Ministry of Mines and Steel Development; Permanent Secretary, Ministry of Petroleum Resources, and Permanent Secretary, Ecological Fund Office.
He was appointed Special Technical Assistant to the Minister of Mines and Steel Development in 2006. Here, Sheikh spearheaded the technical report preparations and investment drive in INDABA South Africa and PDAC Canada. He served two ministers in this capacity.
He had been Nigeria’s representative at many international conferences, served on many boards and worked closely with different international organisations and blue chip companies.
He was the Nigeria Governor for OPEC for almost three years, later becoming the Chairman, Board of Governors of OPEC.
Before his appointment at Julius Berger, Mr Sheikh was a board member of the Nigerian LNG, Bonny Gas Transport and the National representative of African Petroleum Producers Association (APPA).
Sheikh retired as a Federal Permanent Secretary after putting in 35 meritorious years of service and is currently engaged in Consultancy works in Oil, Gas and Mining.
A recipient of many academic awards, Sheikh is a Fellow of Nigerian Society of Mining Engineers and Member of Nigerian Society of Engineers (NSE), The Council of Registered Engineers of Nigeria (COREN), Council of Mining Engineers and Geoscientists and Nigerian Mining and Geosciences Society.
Julius Berger stock opened on the floor of the Nigerian Stock Exchange today at N20.9 per share.
Appointments
Buhari appoints 2 new deputy commissioners for NAICOM
This was disclosed in a statement by NAICOM’s Commissioner for Insurance Directorate.
President Muhammadu Buhari on Monday appointed Alhaji Sabiu Abubakar and Mr. Oba Oluniyi as two new Deputy Commissioners of the National Insurance Commission (NAICOM). This was disclosed in a statement by NAICOM’s Commissioner for Insurance Directorate, Mr. Rasaaq Salami.
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Salami disclosed that Abubakar would be Deputy Commissioner for the Technical, while Oluniyi would assist with the running of the Finance and Administration (F&A) also Department.
NAICOM said that the appointments of the 2 new Deputy Commissioners would be effective from the 17th of July, and they will both serve as Deputy Commissioners for five years.
More details shortly…
Appointments
Dangote Cement Plc. appoints Ms. Berlina Moroole as non-Executive Director
Ms. Moroole was previously CRO and Chief Audit Executive for Liberty Holding Group.
Dangote Cement Plc has announced the appointment of Ms. Berlina Moroole to its Board as a Non-Executive Director, subject to approval at the next Annual General Meeting.
In a statement issued by the company and sent to the Nigerian Stock Exchange, stated that “Ms. Moroole is the Chief Internal Audit, Risk and Sustainability Officer for Motus Holding, in the Board of Assupol (Audit Committee – Chair, Risk Committee and Social & Ethnic Committee – Chair) and M-sure.”
Ms. Moroole was previously CRO and Chief Audit Executive for Liberty Holding Group, Board member of a schedule 3 public entity in South Africa (Legal Aids South Africa) and an Audit Advisory Committee member for one of the United Nation agencies (UNFPA). “She is also a former Group CRO and CAE of a listed entity, Partner at Deloitte, Senior Manager for SARS internal audit department and internal auditor at CSIR Corporate Audit Services,” the disclosure revealed.
MORE TO READ: United Capital Plc records 16% rise in profit to N1.9 billion in H1 2020
Recall that just late last year in November, Asue Ighodalo, Thabo Mabe, Halima Aliko Dangote, Olakunle Alake, Arnold Ekpe, and Yabawa Lawan Wabi (MNI) all stepped down from the board causing a massive shakeup. Four new directors had, however, been swiftly appointed.
The company recently released H1 2020 unaudited result for the period revealing a profit of N126.14 billion, against N119.24 billion recorded H1 of 2019. Its revenue had revealed a marginal 2% increase as it earned N476.85 billion for the period ended June 2020 while in 2019, its revenue stood at N467.73billion.
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The company’s most recent share price as at today is N134.20. Its price-to-earnings ratio stood at 10.97 while its price-to-book ratio stood at 3.1347.
Appointments
Cadbury Nigeria Plc appoints Adedotun Sulaiman as new board chairman
Mr. Sulaiman, has almost 40-years experience in strategic plan development.
Cadbury Nigeria Plc on Thursday announced the appointment of Mr. Adedotun Sulaiman (MFR), as the new Chairman of its Board of Directors, effective immediately.
Sulaimon replaces Mr Atedo Peterside who stepped down as Board chairman on 30th June 2020.
This announcement was contained in a statement issued by Mr. Frederick Mordi, the Company’s Corporate Communications and Government Affairs Manager for West Africa.
Mr. Sulaiman, has almost 40-years experience in strategic plan development, organisation design, human resource management, technology planning and process re-engineering.
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The renowned management and strategy consultant was first appointed into the Board of Cadbury Nigeria Plc as a Non-Executive Director in August 2009.
He had served as a Country Managing Director and Chairman of Accenture Nigeria, and he currently sits on and/or chairs the board of several companies and not-for-profit organisations such as ABSA Nigeria Plc, Interswitch Limited, Cornerstone Insurance Plc, The Corona Schools Trust, and Greensprings Schools.
He is also Vice-Chairman of the University of Lagos Advancement Board, and Chairman of the Financial Reporting Council of Nigeria (FRCN).
READ ALSO: Sulaimon Adedokun assumes position as new TRANEX board Chairman
Speaking on his appointment, Managing Director, Cadbury Nigeria Mrs. Oyeyimika Adeboye said, “Mr. Sulaiman’s professional track record of excellence in the private sector and strong commitment to corporate governance principles, make him a natural fit for the role.
“He brings on board, his integrity, wealth of experience, and exemplary leadership style that have made him one of the most respected business leaders in Nigeria today. We are delighted to have Mr. Sulaiman as our new Chairman.”
Backstory
As Nairametrics previously reported, Mr. Atedo Peterside stepped down from his position as Chairman of the board effective 30th June 2020, in order to concentrate on other interests. He joined the board in 2009 as a Director, and had served on the board as chairman for a decade.
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