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Appointments

GRI appoints NSE’s Bola Adeeko as board member

Bola Adeeko has been appointed as one of the four new Board Directors of Global Reporting Initiative.

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GRI Appoints NSE’s Bola Adeeko as Board member

The Global Reporting Initiative (GRI), the provider of the world’s most widely used sustainability reporting standards, has announced the appointment of Bola Adeeko as one of its new four Board Directors.

The announcement was made by GRI on Tuesday, 17 November 2020. The appointment of the four new board appointees will take effect from January 2021. Appointments to the Board are on a voluntary basis and members serve a term of three years. The membership is refreshed on a regular basis with a global public call for applications.

Mr. Bola Adeeko is the Divisional Head, Shared Services at the Nigerian Stock Exchange (NSE or The Exchange).

What they are saying

Speaking on the election of Bola Adeeko into GRI, the CEO of NSE, Oscar N. Onyema, said, “Bola’s election is very timely as the need to deepen sustainability reporting in Nigeria and across the African continent becomes more pertinent during the decade of action.  I am very pleased that he would be extending his professional competence to ensure that reporting on impact becomes common practice by many organizations around the world.”

Commenting on this development, Mr. Adeeko asserted that, “I am honored to be appointed to the Board of the GRI, which remains the ‘gold standard’ in sustainability reporting. The GRI has been an invaluable partner in advancing corporate responsibility in Africa, consistently deepening its engagement with stakeholders. I look forward to joining the returning board members and management team to build on successes recorded to date and promote sustainable business practices to deliver positive change.”

(READ MORE: Egbin Power launches electric buses, bicycles, promotes clean energy)

Why this matters

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Mr. Adeeko’s appointment comes at a time when corporate sustainability is high on the global agenda – reinforced by the impact of the pandemic and the need to quicken progress on the Sustainable Development Goals – all of which emphasizes GRI’s leadership role as an enabler for transparency and accountability.

What you should know

GRI is the independent, international organization that helps businesses and other organizations take responsibility for their impacts, by providing them with the global common language to report those impacts.

Mr. Adeeko currently heads the Shared Services Division of The Nigerian Stock Exchange (NSE), where he is responsible for shaping the technology agenda and driving innovation.

Adeyemi holds a PhD in Accounting Sciences. He has worked in the Educational Sector and as an Independent Consultant.

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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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