SIBTCH announces former Shell MD to succeed Peterside
The Board of Directors, Stanbic IBTC Holdings (SIBTCH) Plc has announced the election of Mr. Basil Omiyi as Chairman of the Board of Stanbic IBTC Holdings PLC.
The board expressed confidence that Omiyi, the former MD Shell Petroleum, will enthrone leadership that would be instrumental in moving Stanbic IBTC forward.
A statement published by the Nigerian Stock Exchange (NSE) and signed by Chidi Okezie, the Company Secretary, said the appointment which has received all requisite regulatory approvals, took effect Monday 15th May 2017.
Mr. Omiyi succeeds Mr. Atedo Peterside CON as the Chairman of the Board following Mr. Peterside’s resignation as a Non-Executive Director and Chairman of the Board on 31 March 2017.
The new Chairman of Stanbic IBTC Hollings Plc, 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 currently serves as 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.
