Nigerian Breweries Plc has announced the retirement of Chief Kolawole Jamodu from the chairman position after 17 years of service.

The retirement takes effect from April 30th, 2023.

According to a press statement by the company, Mr. Asue Ighodalo has been appointed as the new chairman.

“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.” The statement said.

The retired chairman joined the Board on March 1st, 2006, and became Chairman on January 1st, 2008. During his tenure, he played a significant role in the Company’s growth and transformation, that included various acquisitions and mergers between 2011 and 2014.

Ighodalo on the other hand, 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.” Nigerian Breweries added.

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