Nigerian Breweries Appoints Ighodalo As Chairman As Jamodu Retires

Nigerian Breweries Plc has announced that after 17 years of meritorious service, its chairman, Chief Kolawole Jamodu, CFR will retire from the Board of the company and his position as chairman of the Board with effect from April 30th, 2023.

The Nigerian Breweries Plc said in the statement that Chief Jamodu joined the Board on March 1st, 2006, and became chairman on January 1st, 2008. The company also stated that during his tenure, Chief Jamodu played a significant role in the Company’s growth and transformation, that included various acquisitions and mergers between 2011 and 2014.

The statement further said that in line with the Board’s succession plan, the company is pleased to announce the appointment of Mr. Asue Ighodalo as the non-executive chairman effective May 1st, 2023.

Mr. Ighodalo joined the Board on January 1st, 2022. He is a highly experienced lawyer with over 35 years of experience and a leading figure in corporate Nigeria. He currently serves as the chairman of Sterling Bank Plc and Levene Energy Group and sits on the board of Okomu Oil Palm Plc. He is the immediate past Chairman of the Nigerian Economic Summit Group.

The Board expresses its appreciation to Chief Kolawole Jamodu for his contributions to the growth and success of the Company during his tenure. The Board also congratulates Mr. Asue Ighodalo on his appointment and wishes him success in his new role.He described NEMSA as a key stakeholder in the power sector which ensures a better future for Nigeria, stressing that by having a coverage of electricity for all, NEMSA would help “ create opportunities for the whole country, on small and larger scale, from the individual to the small business owner to big businesses.”

“ In meeting its mandate, NEMSA plays a critical role in enforcing higher standards in Nigeria’s power sector. Not only for the Nigerian energy-security and provision, but also to contribute to the sustainable development goal No.7, on affordable and clean energy for everyone.”