Politics
Breaking: Chairman Of Nigerian Breweries Steps Down-Replacement Appointed
Nigerian Breweries Plc has announced changes to its board of directors, including the resignation of the chairman, Mr. Asue Ighodalo. The company’s secretary, Mr. Uaboi Agbebaku, conveyed this information in a notification to the Nigerian Exchange Ltd on Friday in Lagos….CONTINUE READING....KINDLY READ THE FULL STORY HERE▶

Agbebaku stated that Ighodalo, citing a commitment to public service, had informed the company of his decision to resign from the board and step down as chairman, effective December 31, 2023, in adherence to sound corporate governance practices.
Ighodalo expressed mixed emotions about the decision, characterizing it as a painful sacrifice to fully dedicate himself to his new public service role. He commented on the pride of being part of a formidable organization positioned to navigate Nigeria’s dynamic business environment.
Additionally, Agbebaku announced the appointment of the longest-serving director, Sijbe Hiemstra, as the interim chairman of the company, effective January 1, 2024, until the selection of a substantive chairman. Hiemstra will oversee the board’s affairs during the transition period and facilitate the process of appointing a permanent chairman.
The statement also informed of the completion of Ndidi Nwuneli’s tenure as an independent non-executive director. Simultaneously, Stella Ojekwe-Onyejeli was appointed as a Non-Executive Director, filling the vacant position on the Board starting January 1, 2023. Ojekwe-Onyejeli brings a wealth of knowledge and experience in risk management, with a background in the financial services industry, currently serving on the boards of Coronation Insurance Plc and Rand Merchant Bank, among others.
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