Transcorp Group announces new board appointments

Mr. Tony Elumelu, Chairman, Transnational Corporation of Nigeria (Transcorp)

Transitional Corporation of Nigeria Plc (Transcorp) has announced new appointments to its board and executive management.

Among the new executives, the Managing Director and Chief Executive Officer of Transcorp Hotels Plc, Valentine Ozigbo has been appointed as the President/Chief Executive Officer of Transnational Corporation of Nigeria Plc with effect from January 1, 2019. 

He will succeed Adim Jibunoh, who is retiring on December 31, 2018.

Ozigbo, a multiple award winner, will bring over 20 years’ experience in banking, business development, hospitality and corporate transformation. 
 
Also, the Executive Director, Corporate Services at Transnational Corporation of Nigeria, Owen Omogiafo has been appointed as the MD/CEO of Transcorp Hotels Plc, effective January 1, 2019.

She has over 18 years’ corporate experience in organisational development strategy, human capital management, banking, change and business management.  

The Board of Transcorp also approved the appointments of Ms. Obi Ibekwe and Mrs. Toyin Sanni as Non-Executive Directors, following the retirement of Kayode Fasola and Alhaji Abdulqadir Jeli Bello. These appointments are effective October 30, 2018.
 
Meanwhile, the group also announced the appointment of Emmanuel Nnorom as the Chairman of its Board, following the retirement of Alhaji Abdulqadir Bello. 

Nnorom 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.
 
Speaking on these appointments, the Chairman, Transcorp, Tony Elumelu, expressed 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”.