TIDMSEPL
RNS Number : 0096S
Seplat Energy PLC
01 November 2023
Seplat Energy Plc ("Seplat Energy" or the "Company")
Corporate Announcement on the Appointment of Three Independent
Non-Executive Directors on the Board of Seplat Energy Plc.
Lagos and London - 1 November 2023: The Board of Directors of
Seplat Energy Plc today announces the approval of the appointment
of Mr. Christopher John Okeke, Mr. Udoma Udo Udoma and Mr. Babs
Omotowa as Independent Non-Executive Directors of the Company. Mr.
Okeke and Mr. Udoma will be joining the Seplat Board with effect
from 1 December 2023, while Mr. Babs Omotowa will be joining the
Board on 1 April 2024.
As set out in the Board Succession Strategy announced in the
2022 Annual Report and by Corporate Announcement on the 25 April
2023 (RNS: 3575X), the Company embarked on the recruitment process
in line with the Board of Directors' Succession Forward Plan. As
stipulated in the Companies and Allied Matters Act of Nigeria
("CAMA") the successor Chairman must already be a director and be
voted in by the other directors by a simple majority. In addition,
in accordance with Seplat's Memorandum and Articles, the Chairman
must be a Nigerian National.
Mr Basil Omiyi and Dr Charles Okeahalam, will step down from the
Board on the 31 of March 2024 after the 2023 Annual Report and
Accounts have been finalised and approved by the Board. The
election for the next Seplat Chairman will take place
thereafter.
Mr. Christopher Okeke is a Nigerian Corporate Commercial lawyer,
diplomat, and agribusiness expert. Mr. Okeke graduated from
Georgetown Law School with an LLM in 1979 and was admitted to the
Nigerian Bar in 1980. He co-founded a major Nigerian commercial Law
firm, Ajumogobia & Okeke, in 1984, where he served as the
managing partner until his retirement in 2009. While in active
legal practice, Mr. Okeke led his firm's Project Financing and
Privatisation Group, representing investors and banks over many
years.
Mr. Okeke has vast years of board experience, serving as nominee
director for several international companies, including Philip
Morris (including as chairman). He has served on several boards
including - Cadbury Nigeria plc, SO & U Saatchi & Saatchi,
Indorama Petrochemicals Nigeria Limited, Asset and Resource
Management Limited, ARM Pension Managers (PFA) Limited. Mr Okeke
was Ambassador of Nigeria to Brazil, Bolivia, and Paraguay
2017-2020. He has served as the Honorary Legal Adviser to
successive British High Commissioners since1989. He has also served
as legal advisor to the Federal Republic of Germany, the Royal
Kingdom of the Netherlands, Austria, Australia, and Canada,
advising on consular and commercial matters. He acted as counsel to
various international and multilateral Development Agencies
including The UK Department for International Development (DFID)
and International Finance Corporation (IFC).
Mr. Udoma Udo Udoma CON, is an accomplished lawyer and seasoned
board administrator. Mr. Udoma attended St. Catherine's College,
Oxford, England where he obtained a B.A. (Law) degree and a B.C.L.
degree in jurisprudence. He was admitted to the Nigerian Bar in
1978. He founded the Law Firm Udo-Udoma & Belo Osagie in 1983
and retired from active legal practice in early 2020. Whilst in
practice, Mr. Udoma specialized in advising on Nigerian investment
laws and the investment environment, particularly in the petroleum,
energy, and natural resources sectors. He advised Nigerian and
international companies on company law, corporate restructuring,
mergers and acquisitions and the raising of financing in the
capital and money markets, as well as on major construction and
engineering contracts.
Mr. Udoma has served on a number of large size company boards.
He was Chairman of UAC Nigeria Plc and Union Bank Plc and served on
the boards of companies such as Unilever Nigeria Plc., Linkage
Assurance Plc and First Hydrocarbon Nigeria Limited. He has also
held a number of public sector appointments. He was the first
Chairman of the Corporate Affairs Commission (CAC) and has also
served as the Chairman of the Nigerian Securities & Exchange
Commission (SEC). He was the Special Adviser to the Minister of
Petroleum and Natural Resources from September 1993 to March 1994
and served as Minister of Budget & National Planning from 2015
to 2019. He was elected to the Nigerian Senate in 1999 and served
for two terms from 1999 to 2007. Mr. Udoma is currently the
Pro-Chancellor of Akwa Ibom State University, Ikot Akpaden, Akwa
Ibom State, Nigeria.
Mr. Babs Omotowa is an international leader in the Energy
industry across Europe, Africa, the United States of America, Asia,
and the Middle East, in organisation leadership, commercial,
strategy and operational roles spanning over 26 years. Mr. Omotowa
holds a B.Sc. in Industrial Chemistry, masters degree in - business
administration, specialising in Operations Research and Supply
Chain Management, and an Honorary Doctor of Science. Mr. Omotowa
was the Managing Director/CEO of Nigeria LNG Limited ("NLNG") for
almost 5 years from December 2011 to September 2016. Prior to
joining Nigeria LNG, he served in different capacities including as
a Vice-President Shell Sub-Saharan Africa, Director at Shell
Petroleum Development Company, a Non-Executive Director of West
Africa Gas Pipeline Company, amongst others. After his role as MD,
NLNG, he served as a Vice President of Shell Global Upstream
E&P and later as Special Adviser to the Shell Global Upstream
Director. He is the Chairman of the Advisory Board of Montserrado
Oil and Gas B.V, an Independent Director on the Boards of Pearlhill
Technology USA, Stanbic IBTC Holding Plc, and CAP Plc, and Founding
President of the Nigerian University of Technology and
Management.
Mr. Omotowa has attended several Leadership programs, at
Harvard, INSEAD and IMD. His professional leadership includes being
the Global President for the Chartered Institute of Procurement and
Supply, based in London, UK, and with over 100,000 members
globally.
Mr. Basil Omiyi, CON, Chairman of SEPLAT Energy commented
today:
"The Board of SEPLAT Energy is pleased to welcome Mr.
Christopher Okeke, Mr. Udo Udoma and Mr. Babs Omotowa to the Board
of SEPLAT Energy and the Board, eagerly looks forward to the
enormous contribution they will make towards the Company's
strategic growth plans and achieving global success."
- ENDS -
For: Seplat Energy Plc
MRS. EDITH ONWUCHEKWA
Director Legal/Company Secretary
Enquiries:
Seplat Energy Plc
Emeka Onwuka, Chief Financial Officer
Chioma Afe, Director External Affairs and Sustainability
Edith Onwuchekwa, Director Legal/Company Secretary
James Thompson, Head of Investor Relations
FTI Consulting Ben Brewerton / Tom Reynolds +44 (0) 203
727 1000 seplat@fticonsulting.com
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END
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