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Fidelity Bank Plc announces retirement and appointment of new Directors

Fidelity Bank Plc had announced the retirement of four Directors and the appointment of three new Directors.

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Fidelity Bank non-Executive Director purchases 3.1 million shares

Fidelity Bank Plc has notified relevant stakeholders and the general public of changes in its Board including the retirement of 4 Directors (1 Executive and 3 Non-Executive Directors).

The bank also announced the subsequent appointment of three new Non-Executive Directors to replace outgoing Board Members.

This is according to a press release signed by the Bank’s Secretary, Ezinwa Unuigboje, and made available to the Nigerian Stock Exchange Market.

READ: Fidelity Bank to raise N50 billion in bonds in Q4 to refinance existing debts

  • Mrs. Aku Odinkemelu who joined the Board on August 4, 2014 as an Executive Director will be retiring by December 31, 2020 after six years of meritorious service.
  • Her retirement comes after playing a defining role in the transformation of the Bank, having covered the Commercial, SME, Consumer and Public Sector businesses of Fidelity Bank in the South-East and South-South regions.
  • She provided leadership for 90 business offices within the 11 states under her purview, with her directorate accounting for 31 per cent of deposits and 21 per cent of loans.
  • The other three Non-Executive Directors that will be retiring are; Chief Charles Umolu, who completed his tenure and retired from the Board on December 16, 2020; Mr. Michael Okeke, who also completed his tenure and retired on December 18, 2020; and Mr. Alex Ojukwu, who will retire on December 31, 2020 at the expiration of his tenure.

READ: Gender Balance, looking at the board composition of top banks on the NSE

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READ: Fidelity Bank non-Executive Director purchases 3.1 million shares

In the same vein, Fidelity Bank Plc also announced the appointment of three Non-Executive Directors to replace outgoing Board members. The newly appointed Non-Executive Directors are;

  • Mrs Amaka Theodora Onwughalu is an experienced banking expert with over three decades of experience, having served in various capacities and financial institutions. She is an alumna of the University of Buckingham and Leeds Metropolitan University, both in the United Kingdom, where she obtained a Bachelors and Master’s degree in Economics and Corporate Governance respectively.
  • Mr. Nelson Chidozie Nweke currently serves as the Managing Director of Neilville Nigeria Limited and had an extensive career in the financial services sector. He is an alumnus of the University of Ibadan, where he obtained a Bachelors and Master’s degree in Political Science and Industrial and Labour Relations respectively.
  • Mr. Chinedu Okeke has over a decade experience in a succession of blue-chip companies, which includes Guinness Nigeria Plc, Lafarge, and General Electric, amongst others. He holds a B.Eng. Degree in Electronic Engineering from the University of Nigeria, Nsukka (UNN) and an MBA from Imperial College, London

READ: Another Fidelity Bank Non-Executive Director purchases 1 million shares worth N2.75million

What you should know

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  • Mrs Amaka Theodora Onwughalu and Mr Nelson Nweke’s appointment as Non-Executive Directors were approved by the Central Bank of Nigeria on December 15, 2020, while that of Mr Chinedu Eric Okeke is still subject to the approval of CBN.

Chidi Emenike is a graduate of economics, a Young African Leadership Initiative Fellow and an Investment Foundations certificate holder. He worked as a graduate Teaching Assistant in the Federal College of Education Kano and is also a trained National Peer Group Educator on Financial Inclusion

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Appointments

Joe Biden appoints Nigerian-born Funmi Olorunnipa Badejo as Counsel

Nigerian-American, Funmi Olorunnipa Badejo has been appointed as a member of the office of the White House Counsel.

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U.S President-elect, Joe Biden, announced the appointment of Nigerian-American Funmi Olorunnipa Badejo as a member of the office of the White House Counsel, to serve as an Associate Counsel.

He announced it this week in a statement seen on his transition website.

A part of the statement reads:

  • “The Counsels are experienced and accomplished individuals, have a wide range of knowledge from various fields and will be ready to get to work on day one.”

What you should know about Funmi Badejo

  • Funmi Olorunnipa Badejo, before the announcement, was General Counsel of the House Select Subcommittee on the Coronavirus Crisis, chaired by House Majority Whip, James E. Clyburn.
  • Other government roles she has served include serving as Counsel for Policy to the Assistant Attorney General in the Civil Division of the U.S. Department of Justice, Ethics Counsel at the White House Counsel’s Office, and Attorney Advisor at the Administrative Conference of the United States during the Obama-Biden administration.
  • She started her career as an associate with the law firm of Manatt, Phelps & Phillips, LLP and was also a Legal Counsel at Palantir Technologies Inc.
  • She is a graduate of Political Science from the University of Florida, with a Master of Public Administration (MPA) from Harvard University and holds a Law Doctorate from the University of California School of Law.
  • She becomes the 3rd Nigerian American to be appointed under the Biden Government.

Biden’s transition committee said the new Counsels would work under the direction of White House Counsel, Dana Remus, and “help restore faith in the rule of law and the accountability of government institutions.”

In case you missed it

  • Nairametrics reported last month that United States President-elect, Joe Biden, selected a Nigerian-born attorney, Adewale Adeyemo, as the Deputy Treasury Secretary.
  • Osaremen Okolo, 26, was also appointed as COVID Policy Advisor and a member of the COVID-19 Response Team.

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Appointments

Pfizer appoints Patrick van der Loo as Regional President for Africa and the Middle East

Patrick’s Pfizer experience spans more than 20 years in leadership roles with multiple successes across geographies.

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Pfizer (www.Pfizer.com) announced today the appointment of Patrick van der Loo as Regional President for Africa and the Middle East (AfME) region. Patrick’s Pfizer experience spans more than 20 years in leadership roles with multiple successes across geographies. In his new role as Regional President for AfME, Patrick will lead commercial operations to bring scientific breakthroughs in vaccines, oncology, rare diseases, internal medicine, hospitals, and inflammation & immunology, to serve patients.

READ: Pfizer/BioNTech Covid-19 vaccine appears effective against key mutation – Study reveals

Commenting on his appointment, Patrick said: “This year has made me even more grateful and proud to be part of Pfizer. The global pandemic has accentuated our purpose as a company and reinforced our commitment to patients and communities worldwide. AfME is home to some of the world’s fastest-growing markets with increasing demand for innovative health treatments and services. Overall, the region has shown remarkable resilience due to strong leadership and sound policies.”

READ: OPEC cites vaccine as most important factor for oil in 2021 as Nigeria pushes for cuts

He added: “Pfizer has been operating for over 60 years in AfME. I look forward to continuing this journey and bringing our breakthroughs to address unmet patient needs. My top priority will remain to work with our teams to ensure greater access to our medicines across our strategic therapeutic areas. We will seek even stronger collaboration with healthcare professionals, communities, and governments to change the lives of millions of people and protect them from tomorrow’s health threats.”

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READ: Nigeria contributes about 75% of West Africa’s regional GDP – AfDB

Patrick has been passionate about the pharmaceutical and healthcare industry from the start of his career. He has managed some of Pfizer’s largest therapeutic areas in cardiovascular and neuroscience globally and led the commercial development efforts of a 500+ molecule business.

READ: 40 years old British airline grounded due to drop in travels

In his previous role, Patrick served as the Developed Asia Cluster Lead and General Manager for Pfizer’s Hospital Business Unit, responsible for leading and executing Pfizer’s commercial and cultural strategy in Japan, Korea, Australia, and New Zealand. Before this role, Patrick worked as the Emerging Asia Cluster Lead for the Pfizer Essential Health business.

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9mobile announces appointment of new Chief Technical Officer, Deputy CTO, and Director of Strategy

Juergen Peschel has been appointed as the New CTO, Baqi Salihu, Deputy CTO, and Karn Gulati as Director of Strategy.

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9mobile Africa Finance Corporation, 9mobile launches AI-enabled chatbot, Enin

Nigeria’s most innovative and customer-centric telecommunications company, 9mobile, has announced a new Chief Technical Officer (CTO), Deputy Chief Technical Officer, and Director of Strategy within its Senior Management team.

Juergen Peschel has been appointed as the New CTO, Baqi Salihu, Deputy CTO, and Karn Gulati as Director of Strategy.

As CTO, Peschel, an experienced professional with an international executive track record within the IT, Managed Services & Telecommunications Industry, including expertise in a wide variety of industry verticals and markets, will oversee the evolution and integration of the company’s technical functions.

Peschel has over 25 years of extensive international and operational experience as a technology and business leader. Over the years, he has led Information Technology teams, built VAS Services, IP, and transport networks for Vodafone across all European markets, and engaged with emerging markets across the world for subsea, carrier, and satellite services. He successfully launched the mobile payment service Mpesa in Kenya.

As Deputy CTO, Salihu will support the CTO to drive technology decisions in line with current trends and align the technical and transformation initiatives of 9mobile.

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He is a seasoned professional with over 18 years of Mobile Telecoms Engineering, Operations, RF Planning & Optimization and Digital Services experience. He led the Network QOS and Support Department of 9mobile as the Director Network Quality of Service since June 2018.

Salihu executed the LTE re-farm solution using 1800MHz spectrum, achieving wider mobile broadband coverage, slashing the number of sites, and reducing carbon emissions while ensuring high-quality data service. This project significantly reduced TCO, enhanced users’ mobile broadband quality of experience, increased brand value for 9mobile while saving about $152m in spectrum fees. He joined 9mobile in December 2008.

The new Director of Strategy, Gulati, will be responsible for developing strategic, tactical, and operational initiatives.

He is a long-serving Management Consultant with over 12 years of experience in the telecom and technology sector.  He has led Advisory services teams focusing on Telecom, Media & Technology (TMT) industry and has worked across India, Africa, and South East Asia for various telecom clients. He also took a break and founded a tech & food start-up during his entrepreneurial stint for three years. His accomplishments include programme management of large-scale projects, achieving operational excellence with digitization and process engineering, customer strategy, and greenfield launches.

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In their roles, the trio will lead decisions in line with current trends and strategic vision within their respective areas. They will provide hands-on leadership in ensuring that the 9mobile plans are fully aligned and structured to deliver its business goals.

Commenting on their appointments, Chief Executive Officer, 9mobile, Alan Sinfield said: “9mobile remains fully committed to executing its business strategies with the help of a high-performing team of dedicated, hardworking employees. The collective knowledge, expertise, and experience that Juergen, Baqi, and Karn bring to the Organisation further strengthen our business. It reinforces our position at the forefront of delivering excellent products and services to our over 13 million customers. These promotions continue to consolidate the leadership of our Organisation and are evidence of the great career opportunities that employment with 9mobile offers.”

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