Business Basil Omiyi Succeeds Peterside As Stanbic IBTC Chairman

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The Board of Directors of Stanbic IBTC Holdings PLC has announced the election of Mr. Basil Omiyi as the chairman of the board with effect from May 15, 2017, following the receipt of all required regulatory approvals.

Mr. Omiyi succeeds Mr. Atedo Peterside CON as chairman of the board following Mr. Peterside’s resignation as a non-executive director and chairman of the board on March 31 2017.

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Mr. Basil Omiyi was appointed as a non-executive director on the board of the company in March in 2015. He spent most of his career at Royal Dutch Shell in various roles both in Nigeria and Europe, including Head of Production Technology, Chief Petroleum Engineer, Managing Director of Shell Petroleum Development Company of Nigeria Limited, and ultimately country Chairman of Shell Nigeria.

He is currently an independent non-executive director on the board of Seplat Petroleum Development Company PLC. He has also held a number of board memberships and senior advisory positions including; Chairman of Greenacres Energy Limited, Chairman of the Nigerian Upstream Industry Group, boardd among others.
 
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