tony elumelu steps in as chairman of transcorp as professor ndi okereke-onyiuke resigns position
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8/4/2019 Tony Elumelu steps in as Chairman of Transcorp as Professor Ndi Okereke-Onyiuke Resigns Position
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Tony Elumelu Steps in as Chairman of Transcorp as Professor Ndi Okereke-
Onyiuke Resigns Position
ABUJA, Nigeria, September 16, 2011 - Transnational Corporation of Nigeria Plc
(Transcorp) held its 5th Annual General Meeting yesterday at the Transcorp HiltonHotel, Abuja. Shareholders endorsed unanimously all proposals presented by the
board including the appointment of Tony O. Elumelu, MFR as Chairman of its Board
of Directors.
Professor Ndi Okereke-Onyiuke, who has served as Transcorp's board chair since
2004, graciously announced her resignation after nearly seven years of leading the
company.
Speaking on passing the baton to her successor, Professor Okereke-Onyiuke said,
"Tony Elumelu is an energetic, bright man with brilliant ideas and a track record for
business turnaround. As a founding director, he has known the blueprint of Transcorpsince 2004. He has the Midas touch.
You have to make a succession plan for any great company. Now is the time for
me to handover to Tony to build on our success and create value for our
stakeholders, she further shared.
Tony O. Elumelu, MFR is Chairman of Heirs Holdings (HH), an African investment
company and Founder of The Tony Elumelu Foundation (TEF), an Africa-based and
African-funded not for profit organization. Under Mr. Elumelus leadership, HH and TEF
share a commitment to the economic transformation of Africa through investments
that generate economic prosperity and social wealth and by enhancing the
competitiveness and growth of the African private sector.
With close to three decades of experience in the financial services industry, he is
recognised as a champion for socioeconomic transformation with his growing
influence in the private sector. Mr. Elumelu serves on the Board of Africa Finance
Corporation and on the Advisory Board of Development Partners International LLP,
London.
I am pleased to assume the role of leading Transcorp through its next phase of
development and to demonstrate its value to our shareholders," said Mr. Elumelu.
Last month, Transcorps board of directors appointed Manz Denga as Executive
Director and Acting Chief Executive Officer.
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Transnational Corporation of Nigeria Plc
Transnational House 11, Alfred Rewane Road Ikoyi, Lagos, Nigeria Tel: +234-1-4630704
[email protected] www.transcorpnigeria.com
About Transnational Corporation of Nigeria PLC
Transnational Corporation of Nigeria Plc, a company quoted on the Nigerian Stock
Exchange, is a diversified conglomerate with strategic investments and core interests
in the hospitality, agro-business and upstream petroleum exploration sectors. Someof its more notable assets include Transcorp Hilton Hotel, Abuja; Transcorp
Metropolitan Hotel, Calabar; Benfruit Nigeria, a processing plant in Benue State for
concentrates production and Transcorp Energy, which has a major interest in OPL
281, a high potential oil block scheduled to commence exploration under
management with a globally recognized international partner. For more informationabout Transcorp, please visithttp://www.transcorpnigeria.com.
Contact
Yinkha Okotore
Corporate Communications
Transnational Corporation of Nigeria
Tel: +234 1 4630704Cell: +234 0803 305 7414
Email: [email protected]
http://www.transcorpnigeria.com/http://www.transcorpnigeria.com/http://www.transcorpnigeria.com/mailto:[email protected]:[email protected]:[email protected]://www.transcorpnigeria.com/