CAP Notifies of Changes on her Board of Directors

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Tuesday, February 19, 2019 10:50AM / NSE

 

Chemical and Allied Products PLC (“CAP PLC”) wishes to inform the Nigerian Stock Exchange and the general public of the following Changes on her Board of Directors:

Following his retirement as Group Chief Executive Officer of UAC of Nigeria PLC, the Board has accepted the resignation of Mr Abdul Akhor Bello as a Director of CAP PLC.

Mrs Oluwakemi Ogunnubi has resigned her position as Managing Director of CAP PLC with effect from 18th February 2019. In accepting her resignation, the Board thanked Mrs Ogunnubi for her contributions to the Company during her brief tenure, and wished her well in her future endeavours.

Mrs Omolara Elemide, the Acting Group Managing Director/Chief Executive Officer of UAC of Nigeria Pic, has been appointed to the Board of CAP PLC and as the Acting Managing Director until the appointment of a substantive Managing Director. The Board of CAP Plc has commenced the search for a substantive Managing Director.

Mrs Elemide, who joined UAC Board on 1st January 2018, is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN). She joined UAC in October 1983 and has worked in various capacities within the UAC Group including Group Audit Manager, Finance Director of UACN Property Development Company PLC from where she joined the Board of CAP PLC as Finance Director/Company Secretary in February 2005. She was appointed the Managing Director of CAP PLC in May 2009, a position she held until December 2017. She was appointed the Executive Director Corporate Services in January 2018 and was appointed the Acting Group Managing Director/Chief Executive Officer with effect from 1st January 2019.


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