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Appointments

GlaxoSmithKline Nigeria Plc gets new Managing Director

The Board of Directors of GlaxoSmithKline Consumer Nigeria Plc (GSK), has appointed a new Managing Director (MD). 

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The Board of Directors of foremost pharmaceutical company, GlaxoSmithKline Consumer Nigeria Plc (GSK), has appointed a new Managing Director (MD). The announcement was made recently at the 48th Annual General Meeting of the company. 

The new Managing Director, whose appointment took effect from 1st June, 2019, is Mr Kunle Oyelana. 

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 A pharmacist by training, Oyelana brings to the Board of GlaxoSmithKline 20 years wealth of experience in the pharmaceutical industry. 14 years of those years was spent in managerial positions spanning Africa and Asia. 

[READ MORE: A step towards new frontiers – Olumide Adeosun appointed CEO at Forte Oil Plc]

Before rising to the rank of MD, he was the Marketing Director of the company, for the Classic and Established Products (CEP) portfolio in Africa and developing countries in Asia. 

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Mr Oyelana’s educational background: He is an alumnus of Obafemi Awolowo University, Ile Ife, where he bagged a Bachelor’s in Pharmacy. He equally holds a Master’s of Business Adminstration (MBA) degree from the same institution. 

GSK new MD, Kunle Oyelana

Core competences: His areas of core competence encompass sales, marketing and business development in pharmaceuticals, vaccines and consumer healthcare. Oyelana rose to the position of Group Product Manager for Vaccines in Anglophone & Francophone West Central Africa in July 2007. He served in this capacity between January 2005 and June 2007. 

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[ALSO READ: GSK Consumer Nigeria declares dividends amidst ‘missing’ results]

Other positions held: In January 2009, he left the position of Group Product Manager to take up the role of Sales Manager, Vaccines between February 2009 and May 2009. 

After this, Oyelana served as the Group Product Manager, Antibiotics for Nigeria and Anglophone West Africa from June 2009 to June 2010. He was made Category Manager of GSK Africa Centre of Excellence for Classic Brands in July 2010, a position he left in March 2012. 

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Also, Mr Oyelana spent over 3 years as Marketing Manager for Nigeria and Anglophone West Africa between April 2012 and September 2015, after which he was appointed the Marketing Director of GSK in September 2015. 

Remark after appointment: After he was appointed the Managing Director of the company, Oyelana remarked, “I am excited at this new opportunity and I’m confident about the outlook for the GSK business in Nigeria. Together, with the resilience of the Nigerian team, we hope to continue to serve our customers, grow our brands and contribute to the economic growth of Nigeria. 

Given the exceptional talents that we have in Nigeria and the huge resource base of the country, I am confident that GSK will continue to deliver immense value to our consumers.” 

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 [READ FURTHER: AIO appoints NEM Insurance’s Tope Smart as Vice President]

 

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Patricia

Ronald Adamolekun is a creative writer with proficiency in journalism, financial reporting, financial analysis and imaginative writing. However, his core competency lies in fiction and short story writing as well as feature writing. He is a graduate of English and Literature from Covenant University, Ota, Nigeria.

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Appointments

Ecobank Transnational appoints Alain Nkontchou as new Chairman

“I am honoured to be appointed as Chairman of Ecobank Transnational Incorporated.”

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Alain Nkontchou

Ecobank Transnational Incorporated (ETI) has announced the appointment of Alain Nkontchou as its new Chairman of the board of directors.

Nkontchou, who is Camerounian by nationality, has been serving as an Independent Non-Executive Director of the pan-African banking group since 2015. A statement made available to the Nigerian Stock Exchange (NSE) confirmed that his latest appointment took effect on June 30, 2020.

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The Camerounian is taking over from Nigeria’s Emmanuel Ikazoboh, whose six-year tenure as Chairman of Ecobank’s holding company ended last month, even as he just reached the retirement age of 70.  The company also noted that the new appointment is in tandem with its Articles of Association.

READ ALSO: Alphabet’s Loon launches solar-powered internet balloons in Kenya 

While reacting to his own appointment as Chairman, Alain Nkontchou said he is quite honoured and that he was looking forward to working with the rest of the board members.

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“I am honoured to be appointed as Chairman of Ecobank Transnational Incorporated. Having served on its Board since 2015, I have seen Ecobank’s resilience and its proud history, built on strong foundation to secure the Bank’s future success. I look forward to working with the Board and Executive team as we continue our journey ahead and I know that we are well-placed to navigate through the current environment and set the standards in financial services for our customers across Africa. I would also like to express my thanks to my predecessor, Mr Emmanuel Ikazoboh, for his leadership of the Board and to wish him all the best for the future,” he said.

Alain Nkontchou co-founded Enko Capital Management LLP, a London-based asset management company with Johannesburg office. He currently serves as the Managing Partner and of the firm which specialises in prospecting investment opportunities in Africa.

READ ALSO: Cornerstone Insurance’s board will meet July 22nd to consider 2 important issues

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Prior to this time, ETI’s newly-appointed Chairman was a Non-Executive Director at Laurent Perrier champagne between 1999 and 2009. He was also the Managing Director of Credit Suisse’s Global Macro Trading from 1995 to 2008. He held a similar role at JP Morgan Chase & Co.

Meanwhile, from 1989 to 1994, Nkontchou worked with Chemical Bank first in Paris and then New York. At the bank, he rose through the ranks to become the Vice- President, Head of Trading, and Sales. Apparently, he is an accomplished business executive.

Alain Nkontchou obtained an MSc in Electrical Engineering from Supélec and P.M. Curie University, Paris, and another MSc in Finance and Accounting from ESCP (Ecole Supérieure de Commerce de Paris).

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READ MORE: Seplat gives notice of board meeting, to consider Q2 financial result


It should be noted that ETI’s stock closed yesterday’s trading session on the Nigerian Stock Exchange with a share price of N4.80. The share price gained by +1.05% to appreciate from its previous close of N4.75. Year to date, ETI’s share price has declined by about 22%.

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Appointments

Seplat appoints Emeka Onwuka as CFO

Onwuka has over 30 years’ experience in financial services across Sub-Saharan Africa. 

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Seplat appoints Emeka Onwuka as CFO

Seplat Petroleum Development Company Plc. has appointed Mr. Emeka Onwuka as Chief Financial Officer and Executive Director, Lagos, and London.

The appointment takes effect from August 1, 2020.

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The appointment was announced in a notice sent to the Nigeria Stock Exchange on Friday and has been ratified by the company’s board of directors.

According to the notice which was signed by the company secretary and chief governance compliance officer, Mrs. Edith Onwuchekwa, the Board of Seplat is confident that “the wealth of knowledge and experience Onwuka brings will be a great addition to the Company”.

Mr. Onwuka has over 30 years’ experience in financial services across Sub-Saharan Africa. Mr Onwuka is a Partner at Andersen Tax Nigeria and holds various Board positions as Chairman; FMDQ Securities Exchange Limited; Director FMDQ Holdings Limited; Director, Ecobank Nigeria Limited; and Director, Bharti Airtel Nigeria.

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He was also the former Group Managing Director /CEO of Diamond Bank Plc and former Chairman of Enterprise Bank Limited.

READ MORE: This is what Ngozi Okonjo-Iweala is up against

He is a Chartered Accountant, a Fellow of the Institute of Chartered Accountants of Nigeria, and a Fellow of Chartered Institute of Taxation of Nigeria.

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Mr. Onwuka received his B.SC. in Political Science from the University of Nigeria, Nsukka, and holds an MBA from the University of Benin.

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He is an alumnus of the Lagos Business School, Wharton Business School and Harvard Business School.

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Onwuka also holds the Nigerian National Honor, Officer of the Order of the Niger (OON).

 

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Appointments

Segun Agbaje elected into PepsiCo Board of directors

Mr. Agbaje will join the Board and the Audit Committee effective July 15, 2020.

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GTB releases FY result for 2019, grows PBT by 7.5%

Segun Agbaje, the Managing Director of Guaranty Trust Bank of Nigeria has been elected as an independent member of the Board of Directors of PepsiCo, the American owners of popular beverage, Pepsi and Moutain Dew.

According to the press release seen by Nairametrics, the Board of Directors elected Segun Agbaje as an independent member of the Board. Mr. Agbaje, 56, will join the Board and the Audit Committee effective July 15, 2020.

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In his remark, PepsiCo Chairman and CEO Ramon Laguarta expressed delight in welcoming Mr. Agbaje to the PepsiCo Board.

READ ALSO: BankTech War: Segun Agbaje says GTBank not afraid of Fintech

“Segun is a well-respected and proven business leader with a deep understanding of complex businesses and fast-growing markets, particularly Sub-Saharan Africa where we recently acquired Pioneer Foods as part of our strategy to expand in the region. His experience in business transformation and passion for delivering consumer value will serve PepsiCo well as we continue our journey to be the global leader in convenient foods and beverages by winning with purpose,” Laguarta said.

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PepsiCo recently acquired Pioneer Foods, makers of Butterfield Bread. Pioneer Foods also acquired a major stake in Food ConceptPioneer, a leading baked goods company. Food Concepts are also the owners of the popular Chicken Republic quick-service restaurant chain in Nigeria.

The Chair of PepsiCo’s Board’s Nominating and Corporate Governance Committee, Daniel Vasells remarked,

“We look forward to Segun joining the PepsiCo Board and to the valued global perspective he will add to our team..His knowledge and experience of embracing and scaling new technologies and critical capabilities will be valuable as we continue to invest in opportunities that create shareholder value and deliver long-term sustainable growth.”

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Segun Agbaje also currently serves as a director of MasterCard Advisory Board Middle East and Africa. He holds a Bachelor of Science in Accounting and a Masters in Business Administration from the University of San Francisco.

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