World’s drink giant, Diageo has announced the appointment of Ireena Vittal as a Non-Executive Director, effective from 2 October 2020.
This was disclosed in a press release by the company, which was seen by Nairametrics.
Sequel to this appointment, Ireena, as a Non-Executive Director, will also join the Audit, Nomination, and Remuneration Committees on appointment.
Ireena is currently a Non-Executive Director of Housing Development Finance Corporation Limited, Godrej Consumer Products Ltd, Wipro Limited, and Compass plc.
She was previously a Non-Executive Director of various Indian listed companies, and more recently, Titan Company Limited to 1 October 2020, The Indian Hotels Company Limited to 26 August 2019, Cipla Limited to 31 March 2019, and Tata Global Beverages Limited to 30 June 2018.
Between 2004-2012, Ireena was a partner with McKinsey & Company in India, having joined the firm in 1996. Before joining McKinsey & Company, Ireena was head of marketing and sales at Hutchinson Max Telecom and a brand manager with Nestlé in India.
Ireena is an Indian national and holds a BS (Electronics) from Osmania University, India; and an MBA from the Indian Institute of Management. Ireena brings experience in strategy, consumer insights, and digital, with a particular focus on the Indian market.
While speaking on the appointment, Javier Ferrán, Chairman, Diageo plc said;
“I am delighted to welcome Ireena to the Diageo Board. She brings a wealth of FMCG experience from her executive consulting career, together with her broad experience as a Non-Executive Director. Ireena’s knowledge of emerging markets, including her particular expertise in India, will be of great benefit, and I am very much looking forward to her contribution to the Board.”
TCN MD, Sule Abdulaziz appointed Chairman of West Africa Power Pool
The acting Managing Director of TCN, Sule Abdulaziz, has been appointed the new Chairman of WAPP.
The acting Managing Director of Transmission Company of Nigeria (TCN), Sule Abdulaziz, has been appointed the new Chairman of the Executive Board of West African Power Pool (WAPP). Abdulaziz was nominated by the former Managing Director of Power Holding Company of Nigeria (PHCN), Joe Makoju, who is an honorary member of WAPP.
This disclosure was made by TCN’s General Manager, Public Affairs, Mrs Ndidi Mbah, through a public statement in Abuja on Thursday, October 22, 2020.
In her statement, Mbah revealed that the West African Power Pool was created by Decision A/DEC.5/12/99 of the 22nd Summit of the ECOWAS Authority of Heads of State and Government, and adopted during the 29th Summit of the ECOWAS Authority of Heads of State and Government held in Niamey, Niger.
The appointment was made during the 46th meeting of the WAPP Executive Board which was chaired by the Secretary-General of ECOWAS, Ki Sengui, and held through video conference on October 21.
The statement from Mba partly reads, “While making the nomination, Makoju noted that Abdulaziz is an expert in engineering with vast experience in the electricity sector and therefore will perform creditably as the new WAPP Executive Board Chairman.
“His proposal was endorsed by MDs and Director Generals and other members of the board,” she said.
According to the statement, Abdulaziz in his acceptance speech thanked the board members and the honourary members for his nomination as the Chairman of the board and assured them of his total commitment to the overall objective of the regional electricity body.
He also expressed the need to move the pool to the next level of operational efficiency and solicited the support of member utilities, especially members of the executive board in this regard.
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He urged members to ensure prompt payment of their contributions to the pool and also continue to collaborate actively with the secretariat to ensure effective and efficient coordination and implementation of all WAPP programmes.
First Bank CEO appointed into Bretton Woods Committee
First Bank CEO has been honoured with membership of Bretton Woods Committee (BWC).
Chief Executive Officer, First Bank of Nigeria Limited, Dr. Adesola Adeduntan, has joined the Bretton Woods Committee (BWC) as a member.
This is a sequel to his invitation to the committee as reported by The Vanguard.
The BWC membership is strictly by invitation and extended to top influencers from every region of the world. Therefore, Dr. Adeduntan’s invitation is in recognition of his remarkable leadership traits and the impact of his organization in driving financial inclusion in Africa.
What they are saying
Commenting on his invitation and acceptance, Dr Adeduntan said, “On behalf of the Board, Management, and Staff of FirstBank, I’m deeply honoured to be recognised as a member of The Bretton Woods Committee.
“In addition, as a contributor, FirstBank remains committed to the goals of the Bretton Woods Committee. Especially at this time when the role played by business and political leaders is critical to exploring efficient ways of deepening collaboration and inclusion across borders, whilst mitigating the adverse effects of the coronavirus on not just the global economy but on other aspects of the livelihood of every individual and household.
Speaking further he said, “I look forward to working with other members of The Bretton Woods Committee, as we continue to build on the successes achieved over the years. With these, we will make the world a better place.”
What you should know
The Bretton Woods Committee was established in 1983 with a goal of creating more awareness for the World Bank, International Monetary Fund, World Trade Organization, and other major development banks. Also, they work towards accelerating economic growth, lessen poverty, and increase financial stability, along with demonstrating the importance of international economic cooperation and fostering collaboration among institutions.
The Committee’s greatest asset is its global membership, with more than 650 members including leaders in business, finance, academia, foreign government, and non-profit organizations from around the world.
African Alliance Insurance Plc appoints Joyce Ojemudia as MD/CEO
Joyce Ojemudia has been appointed, substantive MD/CEO of Africa Alliance Insurance Plc.
Africa Alliance Insurance Plc has announced Mrs. Joyce Ojemudia as its substantive MD/CEO.
The announcement was signed by the company’s Secretary, Mrs. Abisola Akinrin (Pp: TOPE ADEBAYO & CO), and made through a public disclosure issued 15th October 2020, to the Nigerian Stock Exchange (NSE).
The announcement also noted the resignation of Alhaji Aminu Ahmed Nahuche – a former Non-Executive Director and contained information about the appointment of three Non-Executive Directors.
The Company had earlier announced the resignation of Mrs. Funmi Omo as the MD/CEO in a disclosure dated September 3rd, 2020. Following her departure, the company confirmed Mrs. Joyce Ojemudia as the substantive MD/CEO of the Company – replacing Mrs. Olabisi Adekola who served in an acting capacity from the 1st of September 2020.
What you should know
Mrs. Joyce Ojemudia is an accomplished insurance professional and astute manager of resources. She has over twenty years of experience in insurance sales, business development, risk management, claims administration, and reinsurance, with a proven track record of revitalizing businesses and/or departments.
She is a Fellow of the National Institute of Marketing of Nigeria and an Associate of both the Chartered Insurance Institute of Nigeria and the Institute of Chartered Economists of Nigeria. She is also the current President of the Professional Insurance Ladies Association (PILA).