Jobs/Appointments
Toshiba Chooses Stacy Smith as Executive Chairman
By Dipo Olowookere
Mr Stacy J. Smith has been announced as the Executive Chairman of Tokyo-based Toshiba Memory Corporation (TMC) effective on October 1, 2018.
He has extensive international experience, having both lived and led organizations in the Asia-Pacific, Latin America, Europe, the Middle East and Africa.
Mr Smith brings a long and proven track record of executive leadership to TMC and will work closely with CEO Yasuo Naruke to provide overall leadership to the business.
The new Chairman previously spent three decades at Intel leading organizations across multiple disciplines. In his role as President, Manufacturing, Operations and Sales, from 2016 to 2018, he led 40,000 employees involved in worldwide manufacturing, technology development, supply chain, pricing and sales. He also served as Intel’s Chief Financial Officer for almost a decade and in this role also had responsibility for corporate strategy, M&A, and Intel Capital.
Prior to that, he served as Intel’s Chief Information Officer and Vice President for Sales for Europe, the Middle East and Africa.
Mr Smith also brings strong board leadership experience. He currently serves as board chairman at Autodesk and as a director for Metromile. He served previously as a director for Virgin America and for GEVO. He also serves on the Board of Trustees for The Nature Conservancy of California and on the University of Texas McCombs School of Business Advisory Board. Smith attended The University of Texas at Austin, where he received his MBA in 1988 and his BBA in 1985.
“We are thrilled that Stacy is joining Toshiba Memory Corporation in this crucial leadership role at an important time in the company’s history,” said Yasuo Naruke, President and CEO of TMC. “With Stacy’s wealth of international leadership experience and knowledge of the semiconductor space, there is no doubt he is the perfect person to help lead our company in the next phase of growth as an independent company.”
“I am excited to take on this important challenge, and honored to join the TMC team,” said Smith. “Toshiba invented flash memory, and with TMC now operating as an independent company with increased capacity to invest in developing and growing semiconductor technology, the company has a strong growth trajectory ahead of it.”
Smith’s hiring follows the acquisition this year of TMC by an industry consortium led by Bain Capital Private Equity. Bain Capital Private Equity has a long history of successful investments in Japan including Skylark, Jupiter Shop Channel, BellSystem24, Domino’s Pizza Japan, Ooedo Onsen, and Asatsu-DK. The firm’s deep market knowledge, extensive local networks and expertise in driving operational improvement strategies have made Bain Capital a valued partner for Japanese companies.
“Stacy is the right leader to help TMC, already a technology leader in the flash memory industry, achieve its potential as an independent company,” said David Gross-Loh, a director of TMC and a managing director and co-head of Asia for Bain Capital Private Equity. “We are very pleased to welcome Stacy to TMC and look forward to working closely with him and the expanded management team.”
By Adedapo Adesanya
The Nigerian Aviation Handling Company PLC (NAHCO Aviance) has announced the appointment of Mr Olumuyiwa Olumekun as its new chief executive, with effect from January 1, 2025, following the retirement of Mr Indranil Gupta.
Mr Gupta concluded his tenure as the company’s CEO on December 31, 2024, marking the end of an era that saw growth under his leadership.
The company’s announcement, delivered via a notice to the Nigerian Exchange (NGX) Limited, confirmed the board’s approval of Mr Olumekun’s appointment.
He brings over three decades of leadership experience, which will help steer NAHCO through its next phase of growth. His career at the company includes key roles such as Group Executive Director of Corporate Services, where he played an instrumental part in driving the company’s 2019–2023 strategic plan.
This plan resulted in a 300 per cent increase in profitability. He brings his experience in business development and commercial strategy to bear.
His previous tenure as Acting Managing Director and Executive Director of Corporate Services contributed to the development of NAHCO’s operational success and long-term strategic direction.
Mr Olumekun also led the company’s efforts in driving new business opportunities during his leadership of the Commercial and Business Development sectors in 2019.
Since retiring from his active role at NAHCO in 2022, he has continued his involvement in the company as a non-executive director on the boards of its subsidiaries, helping guide their growth.
By Aduragbemi Omiyale
No fewer than 49 young graduates have been employed in the oil and gas sector after completing an internship programme, which began in 2022.
A graduation ceremony was held for them recently in Port Harcourt, Rivers State after finishing the NCDMB/PETAN/SPDC JV Graduate Internship programme, which has benefitted about 170 young graduates.
The initiative was created by the Shell Petroleum Development Company of Nigeria Ltd (SPDC) Joint Venture in collaboration with the Petroleum Technology Association of Nigeria (PETAN) and the Nigerian Content Development and Monitoring Board (NCDMB).
During the internship, the fresh graduates are attached to indigenous technical oilfield service companies in the upstream and downstream sectors for hands-on experience.
The scheme, which was established in 2014, has been lauded as a key human capital development initiative which is central to the promotion of Nigerian content in the oil and gas industry.
At the graduation ceremony this month, the chairman of PETAN, Mr Wole Ogunsanya, commended Shell for supporting the programme which is helping to build local manpower for a critical sector of the economy.
The General Manager for Nigerian Content at SPDC, Mr ‘Lanre Olawuyi, said: “The internship is more than a learning opportunity. It provides fresh graduates with technical expertise, equipping them with the practical skills needed to excel in their careers.
“It aligns with SPDC’s broader educational initiatives, contributing significantly to the actualisation of the UNESCO Education for All agenda and the Sustainable Development Goals in Nigeria, particularly in the Niger Delta.
“We owe the success of the programme to the untiring support of our JV partners, the Nigerian National Petroleum Company Limited (NNPC,) TotalEnergies and Nigerian Agip Oil Company Limited for which we’re grateful.”
By Aduragbemi Omiyale
Mr Robert Dalziel has been picked to be the new Managing Director of Interocean Marine Services, as part of the strategies of the company to drive its growth in the Middle East and Asia Pacific (APAC) region.
A statement disclosed that Mr Dalziel was chosen for the task because of his in-depth understanding of Interocean’s operations and strategic objectives.
It was stated that his leadership would ensure a seamless transition into this new role, reinforcing the company’s commitment to delivering an integrated technology-led, asset support service.
He joined the organisation in December 2024. He had been the chief executive of Rigmar Group, which recently merged with Interocean, a specialist provider of marine services to the global energy industry.
He comes with nearly 30 years of engineering and business development expertise within the energy sector.
His extensive technical knowledge, coupled with a proven track record in commercial strategy, will be pivotal in driving Interocean’s ambitious growth plans across the Middle East and North Africa (MENA) and Asia Pacific (APAC) regions.
“We are thrilled to welcome Robert to the team. His exceptional leadership and proven success in driving business growth will be invaluable as we enhance our market presence, and continue to deliver exceptional service to our clients across the region,” the chief operating officer of Interocean, Mr Alex Clark, commented.
The appointee, while speaking, said, “I am absolutely delighted to be rejoining Interocean during this exciting period of growth.
“After nearly 10 years, it was a fantastic opportunity to be involved in the next evolution of the business. The company’s commitment to innovation and its client-centric approach is inspiring.
“I look forward to working with the talented team to drive continued growth and strengthen our position internationally.”
In line with its international expansion, Interocean is growing its MENA & APAC business, with plans to increase its regional presence in five new regions.
This investment demonstrates the company’s dedication to supporting both current and future projects while strengthening its regional capabilities.
Looking ahead to 2025, the company will continue to deliver a comprehensive range of project solutions that encompasses everything from planning, design, and installation to operational maintenance and decommissioning.
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