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Appointments

Trans-Nationwide Express Plc appoints new Managing Director 

Trans-Nationwide Express Plc has appointed Theodore Chikelu as its Managing Director and Chief Executive Officer. #TNT

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Trans-Nationwide Express Plc appoints new Managing Director

Trans-Nationwide Express Plc has appointed Theodore Chikelu as its Managing Director and Chief Executive Officer.

The company made this announcement in a notification signed by the Company Secretary, Adesua Akintemi and sent to the Nigerian Stock Exchange (NSE). The appointment reportedly took effect on December 12, 2019.

Theodore Chikelu’s profile: Theodore Chikelu holds a bachelor’s degree (BSc)in Geography and a Master of Public Administration from the University of Nigeria Nsukka.

His work experience spans across the public and private sectors. Chikelu worked briefly in the civil service with the National Directorate of Employment, then the oil servicing industry before moving to aviation with a focus on regional commercial expansion/ cargo and courier development in over six Nigerian Airlines, including Bellview Airlines, Aero Contractors of Nigeria and Arik Airlines where he rose to the position of Vice President commercial for Africa.

Trans-Nationwide Express Plc, Trans-Nationwide Express Plc appoints new Managing Director 

The new MD/CEO is a veteran of startup aviation development initiatives in Sub Saharan Africa and an expert in developing emerging and niche markets.

Prior to now, Chikelu was the MD/CEO of Jet Afrique Aviation services Ltd, an aviation support and charter company specialized in cargo development and business travel from 2014 up until 2018.

[READ MORE: Royal Exchange Plc appoints new Directors]

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He joined Trans-Nationwide Express Plc in October 2018 as Chief Operating Officer and assumed the position of Acting CEO by board appointment in December 2018 after the former MD retired from the company. He is a member of the Institute of Personnel Management of Nigeria and the Institute of Management Consultants.

About Trans-nationwide Express Plc: Trans-Nationwide Express Plc (TRANEX) is a leading Logistics Company engaged in domestic and International Express delivery, haulage, freight and other ancillary transportation and storage services.

Originally named TNT Skypak Nigeria Limited, it was established in 1984 before the name was changed to Trans-nationwide Express Plc in 1992. With a share capital of N250,000,000 and over 3,600 shareholders, it sought and obtained listing on the Nigeria Stock Exchange (1st tier) in 1993. It is currently one of the only two logistic companies in Nigeria quoted on the Nigerian Stock Exchange.

Chidinma holds a degree in Mass communication from Caleb University Lagos and a Masters in view in Public Relations. She strongly believes in self development which has made her volunteer with an NGO on girl child development. She loves writing, reading and travelling. You may contact her via - [email protected]

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Appointments

ValuAlliance Asset Management appoints two new Directors

ValuAlliance Asset Management has announced the appointment of two persons into its Board as Directors.

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ValuAlliance Asset Management, the fund manager of the ValuAlliance Value Fund, has announced the appointment of Messrs Obinnia Abajue and Kofi Kwakwa into its Board as Directors.

This is according to a disclosure sent to the Nigerian Stock Exchange and seen by Nairametrics. In line with statutory requirements, the appointments are subject to confirmation from the Securities and Exchange Commission (SEC) and approval by the shareholders at the company’s next Annual General Meeting (AGM).

According to the notice, Mr Obinnia Abajue was appointed as Independent Non-Executive Director while Mr Kofi Kwakwa was appointed as Non-Executive Director. The profile of the aforementioned experts is succinctly captured below;

READ: FBN Holdings appoints ex-CEO of Guinness Nigeria and 2 others as Board Directors

Mr Obinnia Abajue

Mr. Abajue has over two decades of experience in banking and financial services. He is the current Chief Executive Officer (CEO) of Hygeia HMO Limited, a position he has held since November 2016. He is an alumnus of the University of Lagos and Imperial College London, where he obtained a Bachelor’s degree in Actuarial Science and an MBA respectively. Mr Abajue is a fellow of numerous professional bodies like; The Chartered Institute of Management Accountants, UK; The Institute of Chartered Accountants of Nigeria; The Chartered Institute of Bankers of Nigeria and the Chartered Institute of Stockbrokers of Nigeria.

Kofi Kwakwa

Mr. Kwakwa is a Ghanaian and a former CEO of Sagevest Holdings, an investment holding company in Ghana. He has over 25 years of experience in investment banking and consulting, having worked in top firms like Standard Bank, McKinsey & Company among others. He is currently a director at African Capital Alliance Limited (ACA), having joined the Board since 2015. Mr. Kwakwa is an alumnus of Swarthmore College and Harvard Business School, both in the USA, where he obtained a B.A. in Mathematics/Economics and an MBA respectively.

READ: Dangote Sugar yearly revenue surge by 33%, announces a dividend of N1.50

What they are saying

Commenting on the recent development, a part of the press release reads: ‘’The Board of Directors congratulates Mr. Abajue and Mr. Kwakwa on their appointment and is looking forward to tapping into their vast wealth of experience to further accelerate the achievement of its vision, to be the premier investment management fiduciary in the segments we serve.’’

What you should know

  • ValuAlliance had earlier posted a Profit After Tax of N237.96 million in its last reported financial statements-Q3, 2020. The PAT figures indicated a surge by over 1,000% YoY.
  • ValuAlliance Value Fund formerly known as “SIM Capital Alliance Value Fund”, is a closed-end collective investment scheme, registered and regulated by the Securities and Exchange Commission, whose units are listed on the main board of the Nigerian Stock Exchange (“NSE”).

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Appointments

Greenwich Merchant Bank appoints Bayo Rotimi as MD/CEO

Bayo Rotimi has been appointed the new MD/CEO of Greenwich Merchant Bank.

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Greenwich Merchant Bank has announced the appointment of Mr Bayo Rotimi as its new Managing Director/ Chief Executive Officer.

This is according to a notification made available on the bank’s social media handle, seen by Nairametrics.

As part of his responsibilities, Mr Rotimi is expected to provide leadership and direction to the management team and take charge in optimizing the company’s overall strategic objectives and operational performance, in a bid to deliver optimal value for stakeholders, without compromising quality and standards.

About Bayo Rotimi

Mr Rotimi is an experienced investment banking professional with over 27 years’ experience. He worked for various financial institutions such as Lead Merchant Bank and FCMB Capital Markets, where he rose through the echelons to become the CEO of the latter in 2008. Prior to his recent appointment, he was the chairman of the investment committee of ARM’s Discovery, Aggressive, Growth, Ethical, Money Markets, Fixed income and Eurobond funds with over N110 billion under management.

What they are saying

Commenting on the recent development, Chairman of Greenwich Merchant Bank, Kayode Falowo said: “Bayo’s track record and pedigree speaks for itself and offers a reassuring nexus between the corporate ideals that Greenwich is reputed for and proactive dynamism required to stay on the cutting-edge of innovation, product development and stakeholder satisfaction.”

What you should know

  • Recall that Greenwich Trust Limited was officially renamed Greenwich Merchant Bank in September 2020, after obtaining regulatory approval from CBN to operate as a Merchant Bank.
  • Greenwich Merchant Bank Limited was incorporated on the 25th of February, 1992 and subsequently commenced operations in June 1994.

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