JUNE 13, 2018: CORPORATE NEWS FROM NIGERIA AND GHANA

NIGERIA:

NEW GROUP CEO FOR UNITED CAPITAL PLC

Following  the resignation  of its erstwhile  group Chef Executive  Officer, Oluwatoyin Danni with effect from the 30th of this month,  a new Group CEO has been announced for United Capital plc.

He is Mr Peter Ashade,  currently  the chief executive officer of African Prudential Plc,  another company  quoted  on the  Nigerian  Stock  Exchange.  He takes  over from the first of next month.

According to Company  secretary,  Leo Plague,  Toying Sanni  had been the GCEO since January  2014 and her resignation  comes after 12 years of service with the company.

The new GCEO brings to bear over three decades of experience.

INTERNATIONAL BREWERIES BOARD CHANGES

There have been remarkable  changes on the board of International  Breweries  Plc including a new Chairman  and new CEO.

The new chairman  is HRM If we Nnamaeka Alfred Achebe who replaces Samuel Akintoye Onome,  who is still on the board.

The new managing director /CEO is Annabelle  Degroot while Zuber Mononiat is the new Finance director of the company.

Two other people  also got appointed to the board as non executive  members: Igwe Peter Nwokike Anugwu and Michael Onochie Shakeup.

NEW NAME FOR CUSTODIAN AND ALLIED.

Custodian and Allied Plc, a company quoted  on the Nigerian stock Exchange  has formally changed its name to Custodian  Investments  Plc 

According  to company  secretary,  Adeyinka Lafojo all necessary  approvals had been obtained for the name change.

ECOBANK DIRECTOR RETIRES

Ms  Dolika Banda has retired from the board of directors  of Togo based Ecobank Transnational  Incorporated.

According  to company  secretary Madibinet Case,  she retired after the board meeting  of April  24 2018 as her mandate expired.

GHANA"

NEW CHAIRNAN FOR STANDARD CHARTERED BANK

Dr Emmanuel  Kumar has been appointed  the new chairman  of the board of directors  of Standard Chartered  Bank Ghana  Ltd.

He had been a member of the board since October  2013.

He brings to the new assignment  over 25 years of experience as international  economic consultant and adviser.

He worked for years with the IMF as division chief,  resident representative  in Djibouti  and deputy  division chief at Balance of payments




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