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Nigerian Breweries Chairman Resigns Amid Leadership Shuffle

Nigerian Breweries Plc has witnessed a major shakeup in its leadership structure with the resignation of the chairman, Mr Asue Ighodalo.

The announcement, made by the company secretary Mr Uaboi Agbebaku on Friday, revealed that Ighodalo cited a call to public service as the driving force behind his decision.

Ighodalo, set to step down on December 31, 2023, expressed mixed emotions about leaving but emphasised the importance of making a sacrifice for his new public service commitment. The decision comes as part of a commitment to uphold proper corporate governance practices within the organisation.

“It is with heartfelt regret that I announce my resignation as the Chairman of the Board of Nigerian Breweries Plc effective Dec. 31, 2023.After extensive deliberations, I have decided to offer myself for public service to our dear country. It is my pride to have been part of such a formidable organisation well-positioned to meet the opportunities and challenges in Nigeria’s ever-changing business environment,” he said.

To fill the void, the longest-serving director, Sijbe Hiemstra, steps in as the interim Chairman effective January 1, 2024. Hiemstra will navigate the transition period, overseeing the process of appointing a permanent chairman, ensuring a smooth continuation of the company’s operations.

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In another notable change, Independent Non-Executive Director Ndidi Nwuneli concludes her tenure, making way for Stella Ojekwe-Onyejeli to join the board as a Non-Executive Director from January 1, 2023. Ojekwe-Onyejeli brings a wealth of experience as a risk manager, boasting a history of success in the financial services industry.

With these swift and strategic moves, Nigerian Breweries positions itself for stability and growth, signalling its commitment to navigating the dynamic landscape of Nigeria’s business environment.

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