Seplat Energy chair steps down

The Chairman Board of Director of Seplat Energy, Dr. Ambrose Bryant Orjiako, has stepped down from the board of Seplat Energy plc. Orjiako was said to have notified the board of directors yesterday. In a statement, Seplat said Orjiako took the decision to step down in order to give room for a seamless transition, but […]

The Chairman Board of Director of Seplat Energy, Dr. Ambrose Bryant Orjiako, has stepped down from the board of Seplat Energy plc.

Orjiako was said to have notified the board of directors yesterday.

In a statement, Seplat said Orjiako took the decision to step down in order to give room for a seamless transition, but that he would remain the chairman of the firm until the company’s next annual general meeting, scheduled to hold in May 2022, when another independent chairperson would be elected.

Orjiako is the co-founder and pioneer of Seplat Energy. Since 2009, as Chairman of the Seplat Energy Group, He has taken the company through a number of acquisitions and was the driving force behind Seplat Energy becoming the first and only Nigerian corporate to dual list on the Nigerian Stock Exchange and the Main Board of the London Stock Exchange in 2014.

Dr. A.B.C. Orjiako, Chairman of Seplat Energy plc, commented: “The past 12 years at Seplat Energy have been exhilarating for me. As Chairman, I am proud that the Board, Management and entire Staff of Seplat Energy were able to achieve several enviable milestones and exceptional successes, notably the acquisition of eight oil and gas assets.”

Mr. Basil Omiyi, a Senior Independent Director of Seplat Energy plc, commented: “On behalf of all members of the Board, I would like to thank Dr A.B.C. Orjiako for his immense contribution as a co-founder and Chair of Seplat Energy since inception.”