Tony Elumelu has been chosen as the upcoming Chairman of Seplat Energy. He will take over from the present Chairman, Senator Udoma Udo Udoma, starting in January 2027, marking a fresh phase of leadership as the company advances along its path of expansion and evolution, according to a statement from the board.
The board has additionally named Engr. Effiong Okon as Chief Executive Officer starting from 1 August 2026. These board updates were revealed in an announcement submitted to the Nigerian Exchange Limited (NGX), which was signed by the company secretary, Edith Onwuchekwa, on Tuesday, complying with the exchange's regulatory standards.
Mr. Elumelu serves as the Founder and Chairperson of Heirs Holdings, a prominent pan-African investment company, which has stakes in key areas of the African economy such as energy, electricity, banking, insurance and financial services, technology, property and tourism, and medical care.
He is also the leading advocate and originator of Africapitalism, an economic ideology that promotes harnessing Africa's capabilities via sustained investments in critical areas that enhance living standards and reshape the continent.
Currently, Mr. Elumelu holds the position of Chairman at Transcorp Group, which is Nigeria's biggest publicly traded conglomerate. Its affiliated companies consist of Transcorp Power, a major generator and provider of electrical power in Western Africa, and Transcorp Hotels Plc, recognized as Nigeria's top hotel chain. Additionally, he leads the UBA Group, a wide-ranging African financial institution.
The newly appointed Chief Executive Officer, Engr. Effiong Okon, is a seasoned executive boasting more than 35 years of international industry experience, along with a strong history of achieving operational success and implementing effective strategies.
He has extensive knowledge of the organization, having joined the Company in 2018. He began his tenure on Seplat’s Board as Operations Director for four years, later transitioning to the role of New Energy Director, and more recently acting as Managing Director of ANOH Gas Processing Company ('AGPC'), where he effectively oversaw the project's implementation leading to the achievement of first gas in January 2026.
With Seplat moving into its next stage of expansion, Elumelu's extensive resources...
expertise in corporate governance, institutional development, and sustainable growth will provide significant insight as the company enhances its standing as a robust, internationally competitive energy entity.
Supplied by SyndiGate Media Inc. ( Syndigate.info ).
No comments:
Post a Comment