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Appointments

Meet Alan Sinfield, New CEO of 9Mobile

Alan Sinfield became the first substantive Chief Executive Office of 9Mobile On Monday, June 1, 2020 since its name was changed from Etisalat.  

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Meet Meet Alan Sinfield, New CEO of 9Mobile , New CEO of 9Mobile

On Monday, June 1, 2020, Alan Sinfield became the first substantive Chief Executive Office of 9Mobile, since its name was changed from Etisalat.

Sinfield succeeds Stephane Beuvelet, who had been in acting capacity since November 2018 after the reshuffling of the company’s management.

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Let’s look at the pedigree and experience which Sinfield brings to bear in his new position.

Alan Sinfield can be considered a hybrid executive, combining experience and expertise from the Telecommunications industry, as well as the banking industry.

His banking career started with a management trainee program at Bank of America, where he rose through the ranks to become a programmer and business Analyst. He later worked in Frankfurt, Germany, before joining Barclays Bank in South Africa as a technical manager. His desire to work in different countries took him to work in various other banks in Portugal, Slovakia, and Hong Kong.

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(READ MORE: Top 10 CEOs and how they spent 10 days in lockdown)

He first tested the waters of the telecom industry in Korea when he took up a Merger & Acquisition role with the merger of SK Telecom & Shinsaegi Telecom.

As a telecommunications expert, Sinfield has held leadership roles in several companies including mobile, fixed-line and broadband data operators, fintech and banking sectors. He has also held management positions in retail, media, and wholesale distribution businesses across emerging markets in Asia, Africa, the Middle East, and Europe.

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READ ALSO: A total of $70 billion has so far been invested in Nigeria’s telecom industry

His experience in the telecoms sector includes a couple of years as Chief Information Officer and Chief Customer Services Officer at Orascom Telecom (IraQna), a subsidiary of the listed Egyptian Telecommunications Group,

He is not new to the office of chief executive, as he has served as CEO for four years at Ooredoo (Starlink), a subsidiary of the listed Qatari Telecommunications Group, operating in Qatar.

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At different times, he was also the Chief Executive Officer at Amara Communications Co. (ananda), a 4G LTE mobile broadband operator in Myanmar from 2018 to 2019, as well as the CEO of Cadcomms (qb), in Cambodia from 2010 to 2017.

(READ MORE: TCN: Minister of Power shares FG’s plans with new management)

He has a Master’s in Business Administration (MBA), from the University of Liverpool, United Kingdom.

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As the Chairman of 9mobile, HRH, Alhaji Nasir Bayero, remarked that he is expected to strengthen 9mobile’s market position in Nigeria’s competitive telecoms industry.

Sinfield did pick up the challenge when he promised to use his “experience and unique value propositions to lead the company in the next exciting phase of its journey.”

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Patricia

Ruth Okwumbu has a MSc. and BSc. in Mass Communication from the University of Nigeria, Nsukka, and Delta state university respectively. Prior to her role as analyst at Nairametrics, she had a progressive six year writing career. As a Business Analyst with Narametrics, she focuses on profiles of top business executives, founders, startups and the drama surrounding their successes and challenges. You may contact her via [email protected]

1 Comment

1 Comment

  1. Sam

    June 2, 2020 at 7:28 pm

    Is Teleology holdings now the owner of 9mobile?

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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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