Thursday, May 11, 2017 1:00 PM/NSE
Capital Hotels Plc wishes to inform its shareholders and other stakeholders that at the Board Meeting of the Company held on Friday 28th April, 2017, the following events occurred.
Mr. G.M. Ibru retired as the Chairman of the Company with effect from 17th February 2017.
He will however, remain on the Board as a Non-Executive Director until 16th May, 2017 when he will retire finally from the Board.
Following the retirement of Mr. G.M. Ibru as Chairman of the Company, Chief Victor C N Oyolu was elected Chairman in his place. Chief Victor C N Oyolu is a graduate of University of Ghana, Legon - Ghana and Tottenham College of Technology, London; he is an economist and Fellow of the Institute of Chartered Accountants of Nigeria.
Until his election, he was the Chairman of the Business, Finance and Governance Committee of the Board.
He also served on the board of several companies including NEPAD Business Group; ICON Stock Brokers, among others.
Mr. Robert Itawa was also elected as the new Executive Director of the Company. Mr Robert Itawa was born on August 23, 1959 in Okwagbe, Ughelli South Local Government Area of Delta State.
He holds a Bachelor of Science Degree in Accounting from the University of Lagos. He also holds a Master of Science Degree in Finance from the University of Benin and a Fellow of the Institute of Chartered Accountants of Nigeria.
Mr. Itawa is a Management Trainer certified by the Centre for Management Development. Until the recent appointment, Mr. Itawa has being the General Manager of the Hotel and manages the interface among the Hotel Managers, the regulatory agencies and the Board of Directors to ensure harmonious operations.
Before joining Capital Hotels Plc, Mr. Itawa had worked with several organizations.
He was in charge of corporate strategy & Finance with the National eGovernment Strategies Limited (NeGst); Deputy Managing Director of Ijewere Consulting Ltd; Financial Controller in Buidwell Plants & Equipment Ltd; General Manager, lrongate Finance & Trust Company Limited, Senior Consultant, Materials Management Services Limited (MMSL among other organizations.
Mr. Itawa is a member of the African Peer Review Mechanism for the Second Peer Review of Nigeria.
Mr. Itawa is an alternate member and Executive Assistant to the Co-Chairman of the African Business Roundtable as well as NEPAD Business Group Nigeria (the private sector arm of NEPAD, NIGERIA) and NEPAD Business Group West Africa.
Mr. Robert Itawa is married to Josephine Ese Itawa and they are blessed with children.