Seplat Vitality Plc has introduced the appointment of Basil Omiyi as its new unbiased non-executive chairman. Mr Omiyi replaces A.B.C Orjiakor whose tenure ended Wednesday.
In keeping with a discover revealed by the Nigerian Alternate on Thursday and seen by PREMIUM TIMES, Seplat additionally appointed Charles Okeantalam because the senior unbiased non-executive director of the agency, a job beforehand held by Mr Omiyi.
The oil and fuel agency mentioned the appointment was authorized following a unanimous vote by all its administrators in compliance with the Corporations and Allied Issues Act in Nigeria (“CAMA”).
The appointments will take impact instantly.
Mr Omiyi has sat on Seplat Vitality’s board of administrators since March 2013 and have become the senior unbiased non-executive director in February 2021.
With over 40 years of expertise within the vitality trade, he has held senior roles in Nigeria and Europe, together with changing into the managing director of Shell Petroleum Improvement Firm of Nigeria in 2004.
He was additionally the nation chairman of Shell Corporations, Nigeria, till his retirement in 2009.
He’s the unbiased non-executive chairman of Stanbic IBTC Holdings, the native unit of South Africa’s Customary Financial institution Group, a submit he has held since 2015. In 2011, he was awarded the nationwide honour of Commander of the Order of the Niger for pioneering management in Nigeria’s oil and fuel
Okeahalam grew to become a member of the board in March 2013 as an unbiased non-executive director, and was chair of Seplat Vitality’s finance committee in addition to a member of the Vitality Transition, Remuneration, and Nominations & Governance committees.
He has in depth company finance and capital markets experience along with an expansive information of African monetary markets, economies and the funding trade.
“He was a co-founder of AGH Capital Group, a personal fairness and diversified funding holding firm based mostly in Johannesburg, with property in a number of African international locations,” the doc mentioned .
Earlier than co-founding AGH Capital Group in 2002, he was a professor of Monetary Economics and Banking on the College of the Witwatersrand in Johannesburg.
Different earlier roles embody advising a variety of African central banks and authorities ministries, the World Financial institution and the United Nations.
He has held a number of board positions and is a former non-executive chairman of Heritage Financial institution Restricted, Nigeria.
Okeahalam has served because the non-executive chairman of the Nigeria Mortgage Refinance Firm.
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