CORPORATE NEWS: BOARD CHANGES AT CWG, FCMB

CWG's NEW DIRECTOR

A new non executive director has been sppointed appointed to the board of Computer Warehouse Group PLC (CWG) in the person of Dr Olusegun Oso.

Dr Oso, a trained medical doctor from University Of Ibadan replaces Mr Shavk Sharma and represents Abraaj group on the board.

He joined Abraaj in 2010 and is a member of the group's investment team for sub Saharan Africa.

He is the lead healthcare specialist on the team concerned with healthcare.

Before joining Abraaj he was head investment banking at Afrinvest West Africa advising on mergers and acquisition and capital raising.

Dr Oso also holds an MBA from SanFrancisco Sloan School of management at Massachusetts Institute of Technology.

Meanwhile, Mr Emmanuel Ijewere has also retired from the board after attaining retirement age.

FCMB GROUP: LADI BALOGUN MOVES UP

The son of the founder of the FCMB group, Mr Ladi Balogun, has moved up from being group managing director for FCMB ltd to being group chief executive of FCMB group.

The group comprises FCMB bank; FCMB capital; CSL and CSL stockbrokers.

Mr Adamu Nuru, erstwhile executive director business development replaced him as managing director. FCMB ltd.

Nuru has 28 years of working experience, seven of which was with FCMB.

He is a business administration graduate from Ahmadu Bello University Zaria.

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