REG - Seplat Energy PLC - Appointment of Independent Non-Executive Directors

Seplat EnergyAnnouncement

01/11/2023 07:15

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RNS Number : 0096S  Seplat Energy PLC  01 November 2023

 

 

Seplat Energy Plc ("Seplat Energy" or the "Company")

Corporate Announcement on the Appointment of Three Independent Non-Executive
Directors on the Board of Seplat Energy Plc.

Lagos and London - 1 November 2023: The Board of Directors of Seplat Energy
Plc today announces the approval of the appointment of Mr. Christopher John
Okeke, Mr. Udoma Udo Udoma and Mr. Babs Omotowa as Independent Non-Executive
Directors of the Company. Mr. Okeke and Mr. Udoma will be joining the Seplat
Board with effect from 1 December 2023, while Mr. Babs Omotowa will be joining
the Board on 1 April 2024.

As set out in the Board Succession Strategy announced in the 2022 Annual
Report and by Corporate Announcement on the 25 April 2023 (RNS: 3575X), the
Company embarked on the recruitment process in line with the Board of
Directors' Succession Forward Plan. As stipulated in the Companies and Allied
Matters Act of Nigeria ("CAMA") the successor Chairman must already be a
director and be voted in by the other directors by a simple majority. In
addition, in accordance with Seplat's Memorandum and Articles, the Chairman
must be a Nigerian National.

Mr Basil Omiyi and Dr Charles Okeahalam, will step down from the Board on the
31 of March 2024 after the 2023 Annual Report and Accounts have been finalised
and approved by the Board. The election for the next Seplat Chairman will take
place thereafter.

Mr. Christopher Okeke is a Nigerian Corporate Commercial lawyer, diplomat, and
agribusiness expert. Mr. Okeke graduated from Georgetown Law School with an
LLM in 1979 and was admitted to the Nigerian Bar in 1980. He co-founded a
major Nigerian commercial Law firm, Ajumogobia & Okeke, in 1984, where he
served as the managing partner until his retirement in 2009. While in active
legal practice, Mr. Okeke led his firm's Project Financing and Privatisation
Group, representing investors and banks over many years.

Mr. Okeke has vast years of board experience, serving as nominee director for
several international companies, including Philip Morris (including as
chairman). He has served on several boards including - Cadbury Nigeria plc, SO
& U Saatchi & Saatchi, Indorama Petrochemicals Nigeria Limited, Asset
and Resource Management Limited, ARM Pension Managers (PFA) Limited. Mr Okeke
was Ambassador of Nigeria to Brazil, Bolivia, and Paraguay 2017-2020. He has
served as the Honorary Legal Adviser to successive British High Commissioners
since1989. He has also served as legal advisor to the Federal Republic of
Germany, the Royal Kingdom of the Netherlands, Austria, Australia, and Canada,
advising on consular and commercial matters. He acted as counsel to various
international and multilateral Development Agencies including The UK
Department for International Development (DFID) and International Finance
Corporation (IFC).

 

Mr. Udoma Udo Udoma CON, is an accomplished lawyer and seasoned board
administrator. Mr. Udoma attended St. Catherine's College, Oxford, England
where he obtained a B.A. (Law) degree and a B.C.L. degree in jurisprudence. He
was admitted to the Nigerian Bar in 1978. He founded the Law Firm Udo-Udoma
& Belo Osagie in 1983 and retired from active legal practice in early
2020. Whilst in practice, Mr. Udoma specialized in advising on Nigerian
investment laws and the investment environment, particularly in the petroleum,
energy, and natural resources sectors. He advised Nigerian and international
companies on company law, corporate restructuring, mergers and acquisitions
and the raising of financing in the capital and money markets, as well as on
major construction and engineering contracts.

Mr. Udoma has served on a number of large size company boards. He was Chairman
of UAC Nigeria Plc and Union Bank Plc and served on the boards of companies
such as Unilever Nigeria Plc., Linkage Assurance Plc and First Hydrocarbon
Nigeria Limited. He has also held a number of public sector appointments. He
was the first Chairman of the Corporate Affairs Commission (CAC) and has also
served as the Chairman of the Nigerian Securities & Exchange Commission
(SEC). He was the Special Adviser to the Minister of Petroleum and Natural
Resources from September 1993 to March 1994 and served as Minister of Budget
& National Planning from 2015 to 2019. He was elected to the Nigerian
Senate in 1999 and served for two terms from 1999 to 2007. Mr. Udoma is
currently the Pro-Chancellor of Akwa Ibom State University, Ikot Akpaden, Akwa
Ibom State, Nigeria.

 

Mr. Babs Omotowa is an international leader in the Energy industry across
Europe, Africa, the United States of America, Asia, and the Middle East, in
organisation leadership, commercial, strategy and operational roles spanning
over 26 years. Mr. Omotowa holds a B.Sc. in Industrial Chemistry, masters
degree in - business administration, specialising in Operations Research and
Supply Chain Management, and an Honorary Doctor of Science. Mr. Omotowa was
the Managing Director/CEO of Nigeria LNG Limited ("NLNG") for almost 5 years
from December 2011 to September 2016. Prior to joining Nigeria LNG, he served
in different capacities including as a Vice-President Shell Sub-Saharan
Africa, Director at Shell Petroleum Development Company, a Non-Executive
Director of West Africa Gas Pipeline Company, amongst others. After his role
as MD, NLNG, he served as a Vice President of Shell Global Upstream E&P
and later as Special Adviser to the Shell Global Upstream Director. He is the
Chairman of the Advisory Board of Montserrado Oil and Gas B.V, an Independent
Director on the Boards of Pearlhill Technology USA, Stanbic IBTC Holding Plc,
and CAP Plc, and Founding President of the Nigerian University of Technology
and Management.

 

Mr. Omotowa has attended several Leadership programs, at Harvard, INSEAD and
IMD. His professional leadership includes being the Global President for the
Chartered Institute of Procurement and Supply, based in London, UK, and with
over 100,000 members globally.

 

 

Mr. Basil Omiyi, CON, Chairman of SEPLAT Energy commented today:

"The Board of SEPLAT Energy is pleased to welcome Mr. Christopher Okeke, Mr.
Udo Udoma and Mr. Babs Omotowa to the Board of SEPLAT Energy and the Board,
eagerly looks forward to the enormous contribution they will make towards the
Company's strategic growth plans and achieving global success."

 

-  ENDS -

For: Seplat Energy Plc

MRS. EDITH ONWUCHEKWA

Director Legal/Company Secretary

 

Enquiries:

 Seplat Energy Plc
 Emeka Onwuka,      Chief Financial Officer
 Chioma Afe,        Director External Affairs and Sustainability
 Edith Onwuchekwa,  Director Legal/Company Secretary
 James Thompson,    Head of Investor
                    Relations
 FTI Consulting     Ben Brewerton / Tom
                    Reynolds
                    +44 (0) 203 727 1000 seplat@fticonsulting.com
                    (mailto:seplat@fticonsulting.com)

 

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