Nigerian stock exchange, sister companies get new chairmen
New chairmen have been appointed for the three subsidiaries of Nigerian Exchange Group Plc (NGX Group) – Nigerian Exchange Limited (NGX), NGX Regulation Limited (NGX RegCo) and NGX Real Estate Limited (NGX RelCo).
Other appointments were also made at the subsidiaries, according to a statement on Sunday.
Effective September 27, 2023, NGX has appointed Mr. Ahonsi Unuigbe as its new board chairman, succeeding Mr. Abubakar Mahmoud, who has retired. Other transiting board members, Erelu Angela Adebayo, Mr. Kamarudeen Oladosu, Mr. Yomi Adeyemi and Mr. Seyi Osunkeye have also retired from the board.
The shareholders of NGX also approved the appointment of Mr. Jude Chiemeka as executive director, along with five non-executive directors: Mrs. Lilian Olubi, Mr. Azubuike Okpalaoka, Dr. Hamza Sule Wuro Bokki, Mr. Sehinde Adenagbe and Mrs. Foluke Oyeleye.
NGX RegCo has appointed Dr. Salamatu Suleiman as its new board chairman, effective September 30, 2023, succeeding Mrs. Catherine Echeozo, who has retired.
Mrs. Foluke Oyeleye also resigned from NGX RegCo’s board following her appointment as a director at NGX. NGX RegCo’s shareholders have also approved the appointments of Mr. Olufemi Akinsanya as non-executive director and Mrs. Amina Mohammed as independent non-executive director.
Ms. Ngozichukwuka Edozien has been appointed as the new board chairman of NGX RelCo, effective October 7, 2023, succeeding Erelu Angela Adebayo, who has retired.
Shareholders of NGX RelCo also approved the appointment of Mrs. Fiona Ahimie as non-executive director and two independent non-Executive directors, Mr. Victor Alonge and Mr. Abdullahi Suleiman.
The Group Chairman of NGX Group, Dr Umaru Kwairanga, said, “I am delighted to announce these pivotal changes in the leadership of our subsidiaries, NGX, NGX RegCo and NGX RelCo. The appointments of Mr. Unuigbe, Dr. Suleiman and Ms. Edozien represent a defining moment in our journey.
“We have meticulously planned for this transition, and I have complete confidence that they will continue to uphold our tradition of excellence and steer our organizations toward even greater heights.”