MTN Nigeria on Wednesday notified the Nigerian Stock Exchange, the investing public and other stakeholders that some non-executive directors; including the Chairman, Dr. Paschal Dozie are retiring from its board after 18 years of service.
The Company Secretary, Mr Uto Ukpanah, made this known in a statement made available to newsmen in Lagos and said that the retirement would take effect on Sept. 2.
According to him, it is due to the expiration of their tenure and in compliance with applicable codes of Corporate Governance.
He listed them as follows; Dr. Pascal Dozie, CON, Chairman; Col. Sani Bello (Rtd), Vice Chairman; Chief Victor Odili, OON, Non-Executive Director.
Other non-executive directors are Malam Ahmed Dasuki; Mr Babatunde Folawiyo, Mr Gbenga Oyebode, MFR.
Acknowledging the vital contribution made by the outgoing directors over the last 18 years, MTN Nigeria CEO Ferdinand Moolman, offered the company’s heartfelt thanks to the pioneering Chairman, Dozie and the outgoing Directors.
“I could not have asked for a more supportive, knowledgeable and experienced group of advisors,” Moolman said.
Speaking on behalf of the outgoing directors, Dozie said, “On behalf of the out-going directors, I will like to thank the board and management of MTN Nigeria for their support over the years and to welcome the incoming directors.
“They have a hugely exciting future in front of them, and I believe the opportunity to make the next 18 years even more successful than the last,” Dozie said.
The Board of MTN Nigeria Communications Plc also expressed its appreciation to the six directors for their commitment, leadership and extensive contributions to the success of the company since their appointment in 2002.
The board wished them the very best in all their future endeavours.
However, the Company has announced the appointment of Mr. Ernest Ndukwe as the Chairman designate of MTN, and the addition of the following directors with effect from Sept. 2.
According to the statement, with the changes, the board will comprise: Dr Ernest Ndukwe, Chairman Designate, Mr Ferdinand Moolman- Chief Executive Officer, Mr Michael Onochie Ajukwu – Independent Non-Executive Director, Mr Muhammad K. Ahmad, OON -Independent Non-Executive Director.
Others listed were Mr Andrew Alli – Non-Executive Director, Mr Rhidwaan Gasant, Independent Non-Executive Director; Mrs Omobola Johnson, Non-Executive Director; Mr A.B. Mahmoud, OON, Non-Executive Director; Mr Ralph Mupita, Non-Executive Director.
Others included Mr Paul Norman, Non-Executive Director; Mrs Ifueko Okauru, MFR, Non-Executive Director; Mr Jens Schulte-Bockum, Non-Executive Director; Mr Rob Shuter , Non-Executive Director; and Mr Karl Toriola, Non-Executive Director.
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