Transcorp Names Valentine Ozigbo President/CEO, Appoints Four Others

October 18, 2018

By InvestAdvocate

Lagos (INVESTADVOCATE)-Nigeria’s leading diversified listed conglomerate, Transnational Corporation of Nigeria Plc (Transcorp) has named Valentine Ozigbo president/CEO of the conglomerate with effect from January 1, 2019, the firm also announced four other new appointments to its board and executive management.

In an emailed statement to InvestAdvocate from Transcorp, the others are Owen Omogiafo appointed as the MD/CEO of Transcorp Hotels Plc effective from January 1, 2019. 

The board of Transcorp also approved the appointments of  Obi Ibekwe and Toyin Sanni as non-executive directors, following the retirement of  Kayode Fasola and Abdulqadir Jeli Bello.  “These appointments are effective October 30, 2018,”statement said.

While Emmanuel Nnorom  was appointed as the chairman of the board of Transcorp Hotels Plc as Bello retires.

Ozigbo will succeed Adim Jibunoh, who is retiring on December 31, 2018. He is currently the MD/CEO of Transcorp Hotels Plc, owner of the prestigious Transcorp Hilton Abuja, and will bring over 20 years’ experience in banking, business development, hospitality and corporate transformation. 

A multiple award winner, Ozigbo holds an M.Sc. Finance from Lancaster University, UK; an MBA in Banking & Finance and a B.Sc. in Accounting from the University of Nigeria.  He is a Fellow of the Institute of Chartered Accountants of Nigeria.

Omogiafo is currently the executive director, Corporate Services at Transnational Corporation of Nigeria Plc.  She has over 18 years’ corporate experience in organisational development strategy, human capital management, banking, change and business management.  She holds a B.Sc. in Sociology & Anthropology from the University of Benin and an M.Sc. in Human Resource Management from the London School of Economics and Political Science.  Omogiafo is a member of the Chartered Institute of Personnel and Development (CIPD), UK and a Certified Change Manager with the Prosci Institute, USA.

While Sanni was group chief executive officer at United Capital Plc , a position she retired from in June 2018.  She has over 25 years of experience in investor services, law and finance.  Sanni holds a Bachelor of Law degree from the University of Ife, an LLM (Hons) from the University of Lagos as well as a professional qualification of the I.C.S.A. UK and the Chartered Institute of Stockbrokers (C.I.S) Nigeria.

On her part, Ibekwe holds a Bachelor of Arts degree in International Relations from Tufts University, Medford, Massachusetts, U.S.A., a Bachelor of Law degree from the University of Lagos and an MBA degree from the Ross School of Business, University of Michigan, U.S.A.  She has over two decades experience in banking, holding senior executive and senior management positions spanning credit and marketing, credit risk management, human resources and customer service.

Nnorom who replaces Bello as the chairman of the board of Transcorp Hotels Plc, is the group chief executive officer of Heirs Holdings, after retiring as the President/CEO of Transcorp.  He brings over three decades of professional experience in the corporate and financial sectors, working with publicly listed companies.  He is an alumnus of Oxford University’s Templeton College, and a prize winner and Fellow of the Institute of Chartered Accountants of Nigeria.

Tony Elumelu, Chairman of Transcorp Group speaking on the appointments expressed his confidence that the newly appointed chief executives and non-executive directors will further strengthen Transcorp’s core purpose of improving lives across Nigeria.

“We are pleased to have the diversity, depth and quality of experience that these directors bring to our group.  The executive appointments are a testament to our internal succession capacity and the appointees will build on the achievement of their predecessors.  By these appointments, we have further deepened our corporate governance capabilities, and firmed up our leadership position in the sectors we invest in,” he added.

Shares of Transcorp at the close of the trading session on the Nigerian bourse  appreciated 1.60 percent to N1.27 from N1.25 per share recorded the previous session, gaining 0.02 kobo per share

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