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Appointments

UACN appoints Toriola as new Non-Executive Director 

The Board of UACN has notified the NSE of the appointment of Karl Olutokun Toriola as the Company’s new Non-Executive Director.

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UACN appoints Toriola as new Non-Executive Director

The Board of UAC of Nigeria Plc (UACN) has notified the Nigerian Stock Exchange (NSE) of the appointment of Karl Olutokun Toriola as the Company’s new Non-Executive Director.

According to the statement released by the company and signed by Godwin Samuel, the Company’s Secretary and Legal Adviser, Toriola’s appointment became effective from January 1, 2020.

UACN appoints Toriola as new Director 

Karl Olutokun Toriola

Toriola has several years of broad-based experience in communications, spanning the areas of telecommunications, marketing, e-commerce and so on.

Toriola’s career: He is currently the Vice President of West and Central Africa for the MTN Group with responsibility for operations in the West and Central African region. He has worked in various capacities in executive leadership which include serving as Group Operations Executive for MTN Cameroon and Chief Technical Officer for MTN Nigeria where he won the Best CTO Award in 2009.

Toriola has also worked as Chief Operations/Regions officer for Vmobile Nigeria and Support Manager, West African region for L.M Ericsson Nigeria Limited.

[READ MORE: Dangote Sugar Plc appoints new Company Secretary)

He has also been on boards of directors as Non-Executive Director, some of which include Chairman, MTN/Areeba Guinea, Non-Executive Director of Jumia Africa, Non-Executive Director of American Towers Uganda and Non-Executive Director of MTN subsidiaries in Francophone West Africa.

His academic Background: Toriola holds a Masters of Science degree in communication systems from Swansea University, United Kingdom as well as a Bachelor of Science degree in Electronic and Electrical Engineering from the Obafemi Awolowo University, Ile-Ife Nigeria.

Toriola is a fellow of the Nigerian Society of Engineers and a member of the Council of Registered Engineers of Nigeria. He is an alumnus of London Business School, Havard Business school and Institute of Management Development (IMD) Switzerland among others.

About UACN: UAC Nigeria also known as UACN was first incorporated in Nigeria under the name Nigerian Motors Ltd on April 22, 1931 as a wholly-owned subsidiary of the United Africa Company Ltd, the firm that later became UAC International (UACI).

It is a publicly listed company based in Nigeria. Its areas of operation include manufacturing, services, logistics and warehousing, agricultural and real estate. UACN’s food operations include UAC Franchising, UAC Restaurants and UAC Dairies.

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

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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