The board of indigenous upstream oil exploration and production firm, Seplat Petroleum Development Company Plc, has announced the retirement of Mr. Michael Alexander and Mrs. Ifueko Omoigui Okauru as directors, with effect from January 31, 2021.
This disclosure was made in a notification sent to the Nigerian Stock Exchange (NSE) by Seplat and signed by its Company Secretary and General Counsel, Mrs. Edith Onwuchekwa, on Thursday, November 12, 2020.
According to the statement from Seplat, which is titled “Corporate Announcement on Retirement of Two Board Directors”, Mr. Michael Alexander, who is a Senior Independent Non-Executive Director, was appointed to the board in June 2013, while Mrs. Ifueko Okauru, who is an Independent Non-Executive Director, was appointed to the board in March 2013.
While stating that for the past 7 years, the 2 outgoing directors had served the board meritoriously, deploying their multi-facetted experiences towards the growth of the organization, Seplat said that it remains grateful for their immense contributions to the board and the company.
Also in a related development, the statement disclosed that the Board of Directors of Seplat is pleased to announce that Mr. Basil Omiyi, who is an Independent Non-Executive Director, will become the Senior Independent Non-Executive Director with effect from February 1, 2021.
The notice read, “Omiyi joined the Seplat Board in 2013 after a 40-year career at Royal Dutch Shell, during which time he occupied a number of senior roles in Nigeria and Europe including Managing Director, Shell Petroleum Development Company of Nigeria Ltd., and Country Chairman of Shell Companies in Nigeria.’’
“This announcement is being made in accordance with Rule 4 of the Nigerian Stock Exchange Amended Listing Rules and Rule 9.6.11 of the UK Listing Rules.”