The management and board of Ekocorp Plc have notified the Nigerian Stock Exchange (NSE), its shareholders and the general public of the appointments of Olusola M. Babalola and Dr Ifeanyi Obiora as the Chief Financial Officer (CFO) and the Chief Operations Officer (COO) respectively.
The newly appointed executives are expected to be in charge of the financial and operations management of the company in conjunction with the Acting Chief Executive Officer (Dr Ogunmokun) pending the appointment and resumption of a Chief Executive Officer.
What you should know about Babalola and Dr Obiora
The Chief Financial Officer, Olusola Babalola has joined the organisation with a wealth of experience. These could be traced to his experiences as the followings:
- The Head, Finance & Accounts/Group Chief Financial Officer of Vitafoam Nigeria PLC where his major achievements included (a) successfully refinancing a dollar-denominated term loan granted to one of the group’s subsidiaries, thus saving the Group millions of naira in FX-related losses; (b) Advising the Group on the restructuring of the operations of the business model of one of the subsidiary companies to make it an FX-generating source for the group.
- The Managing Director/Chief Executive Officer of Matripax Consulting Limited where his achievements included, (a) Helping to build financial models for the preparation of the annual budget for a newly restructured and recapitalized mortgage bank; (b) Advising a major client in the manufacturing sector on various cost reduction and continuous business improvement options which led to about $0.5m in cost
On the other hand, Dr Obiora who has a wealth of experience has an undergraduate degree in Medicine from the University of Lagos, and a Masters Degree in Business Information Technology from Middlesex University, UK.
The newly-appointed COO started his career at the Ekocorp Hospital as a Medical Doctor. Obiora moved into Management Consulting with Accenture, where he worked on various transformation projects for leading companies, including Total, Shell, NNPC and UAC.
Obiora has also held various Human Resources Management roles with ExxonMobil and UBA. He returned to Eko Hospital with extensive experience in Strategy & Business Development, Organizational Transformation, Leadership Development, Human Resources, Audit & Internal Controls, Planning & Budgeting and Information Technology.
