By Aduragbemi Omiyale
Seplat Energy Plc wants to immediately embark on a recruitment process to run a search for the next chairman of the organisation.
The current occupier of the position, Mr Basil Omiyi, will leave the post next year when he retires, and for a smooth transition, the energy firm wants to begin the process of getting a capable hand.
Seplat has been in the news lately for the wrong reason, and the company has blamed some disgruntled for the crisis.
In a statement on Tuesday, the company said the recruitment process for selection of the successor of Mr Omiyi is expected “to be completed before the end of 2023.”
However, the chosen one will have to be a member of the board as stipulated by the Companies and Allied Matters Act (CAMA).
Seplat said as a result of this, “The Independent Non-Executive Directors of the Board who qualify to be Chairman of the company will also be evaluated.”
But one director that may not be considered for the job is Mr Fabian Ajogwu (SAN), an independent non-executive director, who is leaving in the next six months.
The organisation disclosed in the notice today that Mr Ajogwu “will step down from the board on October 21, 2023” due to “recent events and deliberate external interferences which have prevented him from effectively discharging his fiduciary and statutory duties as an independent non-executive director to the highest standards of corporate governance he has written and subscribed to.”
Seplat said he has confirmed in writing his support for the steps the company is taking to strengthen governance.
Modupe Gbadeyanka