Unilever Nigeria Plc has announced the appointment of Michael Ikpoki as its Interim Chairman following major changes to its board. This move comes in the wake of the retirement of His Majesty, Nnaemeka A. Achebe, Obi of Onitsha, who served as Chairman until his retirement on December 31, 2023.
The formal notification to the Nigerian Exchange (NGX) Limited and the investing public, signed by Afolasade Olowe, Senior Counsel, and Company Secretary of Unilever Nigeria Plc, states, “Unilever Nigeria Plc hereby notifies the Nigerian Exchange (NGX) Limited and the investing public that Mr. Michael Ikpoki has been appointed as Interim Chairman of the Board of Unilever Nigeria Plc. pending the appointment of a substantive Chairman of the Board. Ikpoki replaces His Majesty, Nnaemeka A. Achebe, Obi of Onitsha, who retired from the Board effective 31st December 2023.”
Michael Ikpoki’s role as Interim Chairman will be to lead the company during this transitional period until the selection of a permanent Chairman.
The changes to Unilever Nigeria’s board come after the resignation of His Royal Majesty, Nnaemeka A. Achebe, who served as a non-executive Director and Chairman of the Board. The resignation was approved by the Board and took effect on December 31, 2023.
In a broader context, these developments align with Unilever Nigeria Plc’s recent efforts to enhance its leadership team. On January 18, 2024, the company welcomed Ben Langat as a Non-Executive Director and Obinna Emenyonu as an Executive Director. The goal of these appointments is to diversify the board with seasoned professionals and infuse fresh perspectives to drive the company’s growth agenda.
Ben Langat, as a Non-Executive Director, brings extensive experience to Unilever Nigeria Plc, contributing to the company’s commitment to having a diversified and skilled board.
Simultaneously, Obinna Emenyonu, stepping into the role of Executive Director, is expected to play a pivotal role in shaping the company’s strategic vision and execution. His expertise is seen as a valuable asset in advancing Unilever Nigeria Plc’s corporate objectives.
These appointments follow the resignation of Jaime Aguilera as Non-Executive Director on January 17, 2024. The departure of Aguilera created an opportunity for the recruitment of new talent, further contributing to the ongoing growth of Unilever Nigeria Plc’s leadership structure.