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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.”

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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.

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Appointments

Unilever announces the appointment of Jaime Aguilera as Non-Executive Director

Unilever Nigeria Plc has announced the appointment of Mr. Jaime Aguilera as a Non-Executive Director.

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The Board of Directors of Unilever Nigeria Plc has announced the appointment of Mr. Jaime Aguilera as a Non-Executive Director.

This information was disclosed by Unilever in a notification issued and signed by the Company’s Secretary Abidemi Ademola.

According to the information contained in the notification, the appointment of Mr. Aguilera as a Non-Executive will take full effect from 1 January 2021.

However, the Board of Nestle disclosed that Mr Aguilera is a well-rounded business professional, with broad operational expertise while working for top FMCG companies.

What you should know

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Aguilera in 2009 joined Unilever Spain as EVP & Chairman. He was appointed as Executive Vice President Unilever Eastern Europe in September 2016. He has since then moved to his current role as Unilever Executive Vice President Africa, leading the Unilever business in Africa.

Prior to joining Unilever, he has been in Coca-Cola, Nestlé and Procter & Gamble. His experience spans Europe, the Americas and Asia.

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Appointments

Abbey Mortgage Bank announces appointment of 6 Directors

The Central Bank of Nigeria has approved the appointment of 6 Directors of Abbey Mortgage Bank.

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Abbey Mortgage Bank announce the appointment of substantive Managing Director, and 5 Directors.

Abbey Mortgage Bank has announced the appointment of 6 Directors, including Mr. Madu Hamman as the substantive Managing Director.

The disclosure is contained in a notification, signed by the Bank’s Secretary, Geoff Amaghereon Esq. and sent to the Nigerian Stock Exchange market today, as seen by Nairametrics.

What you should know

Five (5) other Directors were appointed by the CBN – 2 Executive and 3 Non-Executive Directors.

The names and portfolios of the Directors are; Mr. Mobolaji Adewumi – Executive Director; Mr. Oladipupo Ayodele Adeoye – Executive Director; Mr. Nonso Okpala – Non-Executive Director; Professor Marius N. Umego – Non-Executive Director; and Brigadier-General John Obasa (rtd) – Non-Executive Director.

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The notice also mentioned that all appointments have been approved by the Central Bank of Nigeria.

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Appointments

Funke Feyisitan-Ladimeji appointed Executive Director, Coronation Merchant Bank

Coronation Merchant Bank Limited has announced the appointment of Funke Feyisitan Ladimeji as an Executive Director of the Bank.

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Funke Feyisitan-Ladimeji appointed Executive Director, Coronation Merchant Bank

The Board of Directors of Nigeria’s leading financial institution; Coronation Merchant Bank Limited has announced the appointment of Funke Feyisitan Ladimeji as an Executive Director of the Bank with effect from November 18, 2020, consequent to the approval of the Central Bank of Nigeria.

Funke joins the Bank from FBNQuest Merchant Bank where she spent eight years as the Chief Operating Officer (COO).  Before now, she was the Executive Director/COO at JP Morgan. Funke has over 30 years’ experience managing a variety of Banking businesses across Markets and Corporate Finance Businesses, across multiple jurisdictions in EMEA (Europe, Middle East and Africa), North America and Asia, and across multiple functional areas, including Financial Control, Complex Product Accounting, Technology, Business Operations and Human Capital in major financial institutions within and outside Nigeria. She is a Fellow of the Institute of Chartered Accountants of England & Wales and holds a Master’s degree in Globalization and a Bachelor’s degree in Economics from Queen Mary and Brunel Universities respectively.

READ: Coronation Merchant Bank records 14% growth in earnings for 2019 FY

As the Executive Director, Funke’s remit will include Compliance, Information Technology, Centralized Operations, Customer Service, Global Trade and Administration functions.  She will also be the Bank’s Executive Compliance Officer.

Announcing the new appointment, the Chairman of Coronation Merchant Bank, Mr Babatunde Folawiyo stated that: “Funke brings to us a rich portfolio of experience garnered over the years in various leadership capacities. She could not have joined us at a more promising time in our journey to becoming an institution renowned for driving transformative solutions across Africa. I am confident her appointment will further strengthen and position the Bank for improved performance”.

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READ: FSDH Merchant Bank obtains license to operate as Customs Duty Collecting Bank

He further stated, “As a Bank, we maintain high corporate governance standards and ensure that Board appointments are in line with global best practices and industry standards. Her appointment follows a long tradition of working with the best and brightest across all levels of our organisation.

Coronation Merchant Bank was established in 2015 to provide wholesale banking to a long-underserved market. The Bank offers Corporate & Investment Banking, Private Banking/Wealth Management and, Global Markets/Treasury Services to its niche clientele. It presently has two branches located in Abuja and Port Harcourt with its Head Office in Lagos, Nigeria.

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READ: Restructuring: Plans must pass through legal process from the National Assembly – Tambuwal

The Bank has been the recipient of numerous international and national awards for product innovation and sound corporate governance practices. Some of the international awards it received in 2020 and 2019 include Best Investment Bank in Nigeria by Global Finance, Best Investment Bank in Nigeria by World Finance, Best Investment Bank in Nigeria by Global Banking & Finance Review, Best Investment Bank by Global Business Outlook and Best Investment Bank in Nigeria by International Finance.

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