University Press Plc has announced the resignation of Dr. Lalekan Are, the company’s Chairman of the Board of Directors. He also stepped down as a non-executive Director of the Company.
University Press disclosed that Are’s resignation was accepted during the Board of Directors’ meeting held on June 20, 2019. He was expected to vacate the position by July 31, 2019.
According to the company, Obafunso Ogunkeye has been appointed to take over starting from Thursday, August 1, 2019, a day after Are has finally stepped down from his current positions. Ogunkeye is a sitting non-executive Director of the company.
[READ ALSO: Three reasons the NSE expelled 38 stockbroking firms in six months]
Meanwhile, at the Board of Directors’ meeting, Olayinka Lawal was also appointed as a non-executive Director and would begin to act in the capacity from August 1, 2019.
Who is Obafunso Ogunkeye: The following is a profile on Ogunkeye before his emergence as the Chairman of the Board of Directors;
- Ogunkeye is a legal practitioner with 4 decades of post-call experiences, with a Degree in law from Obafemi Awolowo University.
- He started his law practice with Fawole, Bablakin & Co. before establishing his own law firm in 1983 and later partnering with his wife to register the name as Ogunkeye & Ogunkeye & Co. in 1988.
- He served as Chairman of Nigerian Bar Association Ibadan branch between 2008 and 2010.
- Ogunkeye had been a non-executive Director at the University Press since March 11, 2010.
[READ ALSO: Campaign to restrict foreign airlines continues as Air Peace flies Lagos-Dubai route]
Profile of Olayinka Lawal; He is an authorised Dealing Clerk of the Nigerian Stock Exchange (NSE) and an Associate of Chartered Institute of Stockbrokers with over 26 years Capital/Money Markets experience.
- Lawal is also an alumnus of the Lagos Business School.
- He was a Senior Manager in Signet Investments & Securities Ltd.
- Lawal also worked at Independent Securities Ltd as an Investment Analyst before becoming a member of the company’s Board when he was appointed the Chief Executive Officer.
- He resigned his appointment in May 2007 to co-found a private full-fledged Consulting Firm with focus on Education Management/Finance & Investment Advisory services.
Note: University Press Plc closed trading at N1.85 kobo per share on the Nigerian Stock Exchange earlier today.
[READ THIS: DEAL: Dalphon Holdings acquires stake in Leventis Foods]
