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According to Nigerian Breweries Plc, the chairman, Mr. Asue Ighodalo, has resigned, changing the composition of the board of directors.

This was announced to the Nigerian Exchange Ltd. on Friday in Lagos by the company secretary, Mr. Uaboi Agbebaku.

Agbebaku claims that Ighodalo informed the company of his plan to resign and offer his services to the public.

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He said that on December 31, 2023, Ighodalo would resign as chairman and from the board in accordance with sound corporate governance.

Agbebaku reported that Ighodalo had conflicting emotions about the decision, characterizing it as a challenging sacrifice that would enable him to completely commit to the new cause.

“It is with heartfelt regret that I announce my resignation as the Chairman of the Board of Nigerian Breweries Plc effective Dec. 31, 2023.

“After extensive deliberations, I have decided to offer myself for public service to our dear country.

“It is my pride to have been part of such a formidable organisation well-positioned to meet the opportunities and challenges in Nigeria’s ever-changing business environment,” he said.

In addition, Agbebaku declared that Sijbe Hiemstra, the longest-serving director, will serve as the company’s temporary chairman beginning on January 1, 2024, until a permanent chairman is chosen.

He declared that Hiemstra will lead the board’s operations and supervise the selection of a permanent chairman during the transitional phase.

“We also announce the completion of the tenure of Ndidi Nwuneli as an independent non-executive director of the company, following the completion of her tenure.

“The board also informs of the appointment of Stella Ojekwe-Onyejeli as Non-Executive Director to fill a vacancy on the Board, effective January 1, 2023.

“Ojekwe-Onyejeli brings to the board years of knowledge and experience as a risk manager with a demonstrated history of working in the financial services industry and skilled in enterprise risk management, business planning, internal audit, and analytical skills.

“She currently serves on the boards of Coronation Insurance Plc and Rand Merchant Bank, amongst others,” he said.

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