AshakaCem Plc - Change of Board Chairman

AshakaCem Plc - Change of Board Chairman

February 17, 2012

Ashaka Cement Plc. has notified The Exchange of the resignation of Brig. E. E. Ikwue as Director and Chairman of the company and the appointment of Alhaji Umaru Kwarianga as the new Chairman of the Board, effective February 1, 2012.

Kwarianga is an experienced Investment professional with over nineteen years in Capital Market, Banking and the Real Sector activities. He possesses first and Post graduate degrees in Business Administration, Corporate Governance and Finance respectively. He has also attended courses and training programs in fields relating to finance, investment and money market in reputable institutions including the Harvard Business School, New York Institute of Finance and Euro Money. He has professional certificates of the Chartered Institute of Stock brokers, Certified Pension Institution of Nigeria and the Abuja Commodities & Securities Exchange. He has been a Managing Director of a top Stock broking firm for over a decade and a director in several blue chip organizations.

Kwarianga is 43 years old, married with children.



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