Stanbic IBTC Announces Omiyi as Chairman

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By Modupe Gbadeyanka

Mr Basil Omiyi has been announced as the new Chairman of the Board of Directors of Stanbic IBTC Holdings Plc.

Mr Omiyi succeeds Mr Atedo Peterside, who resigned as a Non-Executive Director and Chairman of the Board on March 31, 2017.

A statement issued by the firm noted that the election of Mr Omiyi as Chairman of Stanbic IBTC took effect from May 15, 2017, following the receipt of all required regulatory approvals.

Mr Omiyi was appointed as a Non-Executive Director on the Board of the company in March 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, Board member of the Nigerian Business Group of New Partnership for Africa’s Development (NEPAD) and Nigerian Extractive Industry Transparency Initiative (NEITI), Chairman of the Oil and Gas Commission of the Nigerian Economic Summit Group (NESG), and member of the Presidential Advisory Council.

The Board expressed confidence that Mr Omiyi’s leadership would be instrumental in moving Stanbic IBTC forward.

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