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 Modupe Gbadeyanka
Lagos Television (LTV 8), Alausa, Ikeja, has a new General Manager, and he is Mr Kayode Oyekanmi, replacing Mrs Sola Kosoko, who was ousted by the Lagos State government.
Mr Oyekanmi was presented with his letter of appointment on Wednesday, May 13, 2026, by the Lagos State Head of Service, Mr Bode Agoro, in a brief ceremony.
The new General Manager of the state-owned broadcast station was tasked with using his vast experience in the media space to take LTV 8 to greater heights.
Mr Agoro expressed confidence in Mr Oyekanmi’s capacity to reposition Lagos Television and wished him a successful and impactful tenure of office.
Prior to his appointment, Mr Oyekanmi served as the Director of Strategy Centre at the Lagos State Ministry of Information and Strategy, a position he has held since 2022.
A seasoned brand communications practitioner, Mr Oyekanmi has over three decades of professional experience spanning both the private and public sectors, with expertise in Advertising, Public Relations, and global export services.
He commenced his public service career as a Public Affairs Practitioner on March 1, 2000, with the Lagos State Ministry of Information and Strategy.
The new LTV boss, a Lagos State indigene from Isale Eko, Lagos Island, has received several awards in recognition of his dedication, hard work, and commitment to the journalism profession.
He holds a Master’s degree in Public Administration (MPA) from the University of Lagos and a Bachelor’s degree in English Language and Education from Lagos State University.
He is an active Member of the Nigeria Union of Journalists (NUJ) and the Nigerian Institute of Public Relations (NIPR).
In addition, he is a voracious reader and a passionate lawn tennis player, and currently serves as the Charter President of the Lagos State Ministry of Information Toastmasters Club.
By Modupe Gbadeyanka
A retired Major-General, Mr Adeyinka Famadewa, has been appointed as the Special Adviser to President Bola Tinubu on Homeland Security.
The appointee retired from the military after over three decades, with experience in national security strategy, intelligence fusion, counter-terrorism operations, and international security diplomacy.
His career reflects a rare blend of operational excellence, strategic foresight, and institutional leadership in safeguarding Nigeria’s territorial integrity and national interests, a circular signed by the Secretary to the Government of the Federation (SGF), Mr George Akume, said.
It was disclosed that Mr Famadewa was chosen for the position because of his exceptional record of service, strategic expertise, and outstanding contributions to Nigeria’s national security architecture.
The notice said the appointment underscores the commitment of the administration of Mr Tinubu to strengthening internal security coordination, enhancing intelligence-driven operations, and deepening inter-agency collaboration in addressing emerging security threats across the country.
The President expressed confidence that Mr Famadewa’s appointment will further enhance the government’s efforts toward achieving a safer and more secure Nigeria through improved coordination of homeland security initiatives, intelligence integration, and proactive risk management.
He also urged him to deploy his wealth of experience, professionalism, and strategic insight in advancing national security objectives and supporting the administration’s agenda.
By Aduragbemi Omiyale
In a bid to strengthen its board and support its transformation goals, FCMB Group Plc has appointed the chairman of the board of the Lagos State Employment Trust Fund (LSETF), Mrs Adepeju Adebajo, as an independent non-executive director.
A statement signed by the company secretary, Mrs Olufunmilayo Adelabu, disclosed that the appointment has been approved by the Central Bank of Nigeria (CBN).
She brings to the board over 30 years of experience across industry, renewable energy, agriculture, finance and consulting. She has worked with teams and clients in sub-Saharan Africa and Europe, helping them grow and multiply impact.
Throughout her career, Mrs Adebajo has led teams through change and growth. She previously worked at Lafarge Africa Plc, and was once the chief executive of Mouka Limited, Lumos Nigeria, UTC Nigeria Plc and an Assistant General Manager at United Bank for Africa (UBA) Plc. She is a Transformation Lead at Etex Group (Nigerite and Emenite Limited).
In 2025, she founded Climate Governance Initiative Nigeria, affiliated with the World Economic Forum (WEF) and serves on the World Economic Forum Council on Climate and Nature Governance (2025-2027).
Mrs Adebajo holds a Master’s and a BSc in Chemical Engineering from Imperial College London and an MBA from Harvard Business School.
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