By Dipo Olowookere

The Chairman of Seplat Energy Plc, Mr A.B.C Orjiako, will be stepping down from the place in Might 2020, a assertion from the enterprise has disclosed.

The businessman has been in the eye of the storm recently but it was not mentioned in the recognize if his determination to move down was linked to experiences in the media.

It was revealed that Mr Orjiako is exiting the board of the company at the up coming yearly typical assembly (AGM) of the organisation slated for up coming calendar year when he will be succeeded by an unbiased chairperson in line with Seplat Energy’s succession plan.

He assumed the publish of the Chairman of Seplat Electrical power in 2009 and led the transformation of the company into a globally highly regarded entity. A few of his notable achievements consist of instilling greatest observe corporate governance and important advancement as a result of quite a few profitable acquisitions.

Mr Orjiako, who co-founded Seplat, was also the driving power behind the corporation starting to be the initially and only Nigerian corporate to dual record on the Nigerian Exchange (NGX) Confined and the London Inventory Trade (LSE) in 2014.

“The earlier 12 decades of Seplat Energy’s existence have been phenomenal for me. As Chairman, I am proud that the board, management and complete team of Seplat Vitality, were being in a position to reach numerous enviable milestones and outstanding successes, notably the acquisition of 8 oil and gasoline belongings, expansion of the Oben and development of the ANOH gas plants and the twin listing on both of those the Nigerian and London Stock Exchanges, a first by a Nigerian business.

“While there were being difficulties along the way, we overcame these by the special grace of God, the outstanding functionality and professionalism of every single member of the board and management and the sterling endeavours of our staff members.

“I will carry on to give my utmost strength and dedication to the corporation right up until I phase down from the board at the future AGM,” the disclosure quoted him as saying.

The assertion also quoted the Senior Impartial Director of Seplat Energy, Mr Basil Omiyi, as stating that, “On behalf of all users of the board and administration, I would like to thank Dr A.B.C. Orjiako for his enormous contribution as a co-founder and Chair of Seplat Electrical power considering the fact that inception.

“He has been Chairman in the course of thrilling moments and his commitment has been continual all over. The board seems to be forward to performing with him for the duration of the changeover interval and we will miss out on his perception, skills and leadership when he finally methods down in May possibly 2022.”

Also, the board expressed its gratitude to him for his strategic vision, push and limitless vitality to generate and Chair the board of Nigeria’s main indigenous impartial strength business.

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