AFROMEDIA Notifies Of Board Changes

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Monday, January 06, 2020 / 11:15 AM / NSE / Header Image Credit: Afromedia Plc


Afromedia Plc (Afromedia or the Company) wishes to notify the Nigerian Stock Exchange (The Exchange), esteemed stakeholders and the general public of the following changes to the composition of the Board of the Company:


With effect from 1st November 2019 and 16th December 2019 respectively, the following persons resigned as Chief Executive Officer and Executive Director of the Company respectively:

  • Mr. Femi Olaiya
  • Mrs. Osen Odeyemi


Mr. Femi Olaiya joined Afromedia Plc. in October 2014 as an Associate Director, in 2017 he became an Executive Director/COO and ultimately the Chief Executive Officer in 2018. Mr. Olaiya through a letter dated 18th October 2019 resigned as a Director of Afromedia Pic. Mrs Osen Odeyemi the former Group Executive Director joined Afromedia Plc in 2009 as a Manager and rose through the ranks until her appointment as Group Chief Executive Director, Shared Services in February 2018. Her resignation was accepted at the Board meeting of 16th December 2019.


Consequently, with effect from 16th December 2019, the following persons were appointed to the Board as Group Chief Executive Officer and the Chief Operating Officer respectively:

  • Otunba lreola Olopade
  • Engr. Patrick Nwabunie


Brief Profile of Otunba lreola Olopade - Group Chief Executive Officer 

Otunba Olopade joined the services of Afromedia Plc in 1992 as a Product Development Manager and was elevated to the position of General Manager one year after assumption of duties based on his outstanding performance in product development.


He was appointed Executive Director in 1995 and rose to the position of Group Managing Director of Afromedia Plc in October 1999 before subsequently handing over to Mr. Femi Olaiya in 2018. Otunba Olopade remained on the Board of the Company as a Non-Executive Director.


He is a Fellow of the Institute of Directors of Nigeria, Vice President of Outdoor Advertising Agency Nigeria, and member of other professional bodies such as, Advertising Practitioners Council of Nigeria, Screen printing and Graphic Imaging Association International, and Digital Printing & Imaging Association etc His wealth of experience over the years has taken Afromedia from a private limited liability company with a share capital of 10 million Naira to a publicly quoted company with share capital in excess of 2 billion Naira.

 

Brief Profile of Engr, Patrick Nwabunie - Chief Operating Officer


Engr. Nwabunie is a Fellow of the Institute of Directors of Nigeria, and a member of the Advertising Practitioners Council of Nigeria (APCON). He joined the services of Afromedia Plc in 1989 as Purchasing Manager and in 1991 he was elevated to the position of General Manager (Resources). Following his excellent managerial performance, he was appointed an Executive Director in 1995 and later to the position of Deputy Managing Director of the Company in 1999 where he served for 11 years until his retirement as an Executive Director on 1st July 2011 to pursue other interests. He is a Fellow of the Institute of Directors of Nigeria, and a member of the Advertising practitioner's council of Nigeria and an Alumnus of London Business School.


The Board and Management of Afromedia PLC are confident that their wealth of experience will be a great addition to the existing mix on the Board.


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