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Appointments

Ecobank Transnational Incorporated appoints Laurence Do Rego as Group Chief Regulatory & Compliance Officer 

Laurence Do Rego has been appointed as the Group Chief Regulatory & Compliance Officer of ETI, the parent company of Ecobank Group.

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Ecobank Transnational Incorporated appoints Laurence Do Rego as Group Chief Regulatory & Compliance Officer 

Laurence Do Rego has been appointed as the Group Chief Regulatory & Compliance Officer of Ecobank Transnational Incorporated (ETI), the parent company of Ecobank Group.

The Details: According to a notification by the Group to the Nigerian Stock Exchange, Laurence’s appointment is expected to take effect immediately. Laurence, who serves as a Group Executive and a member of the Group Executive Committee, would report directly to the Group Chief Executive Officer, Ade Ayeyemi.

Reacting to the latest appointment by the Group, Ade Adeyemi expressed how confident he was in Laurence’s ability to deliver the set target.

We are pleased to announce Laurence as our Group Chief Regulatory & Compliance Officer. In line with our commitment to continuously strengthen the standards around regulatory and compliance requirements across the Group, we recognize the importance of significantly high-level focus.

“Laurence has had a long career with the Ecobank Group with very strong an excellent knowledge of the Group and its operations. She is well versed to effectively manage the Group’s Regulatory and Compliance function,” he said.

[READ MORE: Halima Dangote appointed to head Commercial Operations of Dangote Industries Limited]

Recently, the Board of Ecobank Transnational Incorporated appointed Deepak Malik as a Non-Executive Director.

Malik joined the ETI’s Board of Directors as a nominee of Arise B.V. (“Arise”) which currently holds a 14.1% equity stake in ETI following its purchase of shares previously held by IFC and the funds managed by the IFC Asset Management Company in August 2019.

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His appointment took effect immediately after the resignation of Monish Dutt as a Director of ETI.

Laurence Profile: Laurence Do Rego holds both bachelor and postgraduate degrees in Finance and Accounting. She is a seasoned banker with over 30 years of professional experience. She joined Ecobank in 2002 as Financial Controller for Ecobank Benin. She has held various senior positions within the Group. She was previously Group Chief Financial Officer; Group Executive Director, Finance, Risk & Internal Control, Group Executive, Commercial Banking and more recently Senior Advisor to the GCEO in charge of Special Projects.

Reincarnated as a lover of stocks, Angel investors, seed funds, and anything aligned to tech or startups raising money, Joseph's work at Nairametrics involves following the money to wherever it leads. Before joining Nairametrics, he won an investigative journalism fellowship with ICIR, appeared in several national dallies, with hard-hitting opinions, features and investigative pieces. He has also engaged in content marketing and copywriting for a top e-commerce firm in Nigeria.

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Appointments

Airtel Nigeria announces appointment of Surendran as new Chief Executive Officer

Airtel Nigeria, has announced the appointment of Mr C. Surendran as the new MD/CEO with effect from August 1, 2021.

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Like MTN, is Airtel Nigeria considering listing?

Telecommunications giant, Airtel Nigeria, has announced the appointment of Mr C. Surendran as the new Managing Director and Chief Executive Officer with effect from August 1, 2021.

Surendran would be replacing the outgoing Managing Director and Chief Executive of Airtel Nigeria, Olusegun Ogunsanya, who has been elevated to the position of Chief Executive Officer of Airtel Africa Plc with effect from October 1, 2021.

According to a report from the News Agency of Nigeria, this disclosure is contained in a statement issued by Airtel on Wednesday, May 5, 2021, in Lagos.

READ: Airtel Africa signs new $500 million loan with Bank of America, HSBC, others

The statement says that Surendran would also be appointed to the Executive Committee (ExCo) as Regional Operating Director, reporting to the CEO of Airtel Africa plc, and onto the Board of Airtel Networks (Nigeria) Limited.

Airtel in its statement said, “Surendran has been with Bharti Airtel since 2003 and has contributed immensely in various roles across customer experience, sales and business operations.

He was the Chief Executive Officer of Karnataka, which is the largest circle in Airtel India, with over one billion dollars in revenue.

Surendran delivered an exceptional performance with significant movement in Revenue Market Share (RMS) over the last few years, currently at 54 percent. He has over 30 years of business experience, including 15 years at Xerox.’’

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Airtel said that Surendran would transition into his new role from June 1, 2021, and spend the time onboarding into the business until July 31, 2021.

READ: Meet the latest billionaires on the Nigerian Stock Exchange

In case you missed it

It can be recalled that a few days ago, Airtel Africa Plc, a leading provider of telecommunications and mobile money services in Nigeria and 13 other countries, announced the appointment of Mr Olusegun Ogunsanya as the new Chief Executive Officer, following the notice of retirement given by the current Managing Director/Chief Executive Officer, Raghunath Mandava, to the Board.

In the notification sent by Airtel Africa to the Nigerian Exchange, Ogunsanya is expected to join the board of Airtel Africa with effect from October 1, 2021.

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Appointments

Guinness announces retirement of Chairman, appoints former Minister as replacement

Guinness Nigeria Plc has announced the appointment of Dr Omobola Johnson as the new Chairman of its board, with effect from July 1, 2021.

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Guinness announces retirement of Chairman, appoints former Minister as replacement

Guinness Nigeria Plc has announced the appointment of Dr. Omobola Johnson as the new Chairman of its board, with effect from July 1, 2021.

This follows the retirement of the current Chairman, Babatunde Savage, from the position, with effect from June 30, 2021.

The announcement is contained in a notice sent to the Nigerian Exchange Limited, investing public, and other stakeholders on May 4, 2021, and signed by the Company Secretary, Rotimi Odusola.

READ: Guinness, Int’l Brew, Nigerian Breweries spend N65.5 billion on key acquisitions in 2020

Johnson, who has over 30 years of experience from both the private and public sectors of the Nigerian economy, was a former Minister of Communications Technology and a former Country Managing Director in Accenture.

While commenting on her appointment, Johnson who has been serving on the board of Guinness, said, “Guinness Nigeria is an excellent company with tremendous value creation opportunities, and I believe the refreshed board and management team remain committed to maximizing shareholder value.”

In his letter addressing the board in compliance with the applicable corporate governance regulation, Savage expressed his pleasure at the opportunity to have been a part of the Guinness story over the last four decades.

He thanked the board of Guinness Nigeria and Diageo UK for the opportunity to have served in several capacities, first as an employee who held various strategic senior roles, then as an Executive Director, and later as Chairman of the board, a role that he held for almost 12 years.

READ: Guinness Nigeria’s market value surged by N23.8 billion in March 2021

He said, “After almost 40 amazing years, my journey with Guinness Nigeria is coming to an end. Guinness Nigeria is and will always be family to me.”

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