Dupe Olusola moves from UBA to Transcorp as new MD

Dupe Olusola moves from UBA to Transcorp as new MD

Transnational Corporation of Nigeria Plc (Transcorp), a diversified investment company, has announced five major appointments on its board and executi

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Transnational Corporation of Nigeria Plc (Transcorp), a diversified investment company, has announced five major appointments on its board and executive management team.

With the new changes, Owen Omogiafo, the current managing director (MD) of Transcorp Hotels Plc, has been appointed as president of Transcorp with effect from March 25. Omogiafo will succeed Valentine Ozigbo, who is retiring to pursue a career in public service, having served Transcorp for close to a decade.

Dupe Olusola, a former group head, marketing at UBA Group has been appointed as the Transcorp MD, while Helen Iwuchukwu was named the company’s chief operating officer. Christopher Ezeafulukwe is the new MD of Transcorp Power Plant Limited, one of the company’s subsidiaries, while Okaima Ohizua is the chief operating officer of the subsidiary.

The company’s board also announced the appointment of Ozigbo as a non-executive director, following his resignation as MD of Transcorp Plc.

In his remarks, Tony Elumelu, the company’s chairman, expressed confidence in the newly appointed chief executives and non-executive directors. He said the team will further strengthen Transcorp’s mission of “improving lives across Nigeria. These appointments demonstrate our commitment to nurturing talent and rewarding success.

“We have a deep pool of highly qualified and dedicated employees, who can be challenged with more responsibility in attaining our corporate vision. We remain committed to diversity and inclusion; are delighted by the depth and quality of experience that this leadership team brings to our group. These appointments further indicate our internal succession capacity and strong corporate governance practices,” he said.