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LequteMan
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Nigeria- Struggling food company, UTC Nigeria Plc, yesterday replaced all of it's board directors in a massive restructuring operation aimed at getting the company out of it's current predicament, The Nation reports:
UTC Nigeria Plc yesterday took a massive sweep in its ongoing restructuring exercise with the replacement of its entire six-man board of directors.
A regulatory filing obtained by The Nation yesterday indicated that a new board of directors has been constituted to reflect the change in the ownership interests and key points of restructuring, which had saved the ailing food company from being delisted from the Nigerian Stock Exchange (NSE).
The new board of directors included Mr Olaoluwa Akinkugbe, as chairman, and Ms Imoni Akpofure, Mr Offong Ambah, Ms Olubunmi Fayokun, Ms Olatoyosi Kolawole and Mr Adedotun Sulaiman, as directors.
The new board replaced the previous board under the chairmanship of former director general of the NSE, Apostle Hayford Alile and other directors including Mr. Fola Adeola, Engr. Kadri Adebayo Adeola, Mr. Deji Alli, Mr. Bode Adedeji and Mr. Victor Gbolade Osibodu.
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#Nigeria #UTC
UTC Nigeria Plc yesterday took a massive sweep in its ongoing restructuring exercise with the replacement of its entire six-man board of directors.
A regulatory filing obtained by The Nation yesterday indicated that a new board of directors has been constituted to reflect the change in the ownership interests and key points of restructuring, which had saved the ailing food company from being delisted from the Nigerian Stock Exchange (NSE).
The new board of directors included Mr Olaoluwa Akinkugbe, as chairman, and Ms Imoni Akpofure, Mr Offong Ambah, Ms Olubunmi Fayokun, Ms Olatoyosi Kolawole and Mr Adedotun Sulaiman, as directors.
The new board replaced the previous board under the chairmanship of former director general of the NSE, Apostle Hayford Alile and other directors including Mr. Fola Adeola, Engr. Kadri Adebayo Adeola, Mr. Deji Alli, Mr. Bode Adedeji and Mr. Victor Gbolade Osibodu.
click here to read more
#Nigeria #UTC
