Chemical and Allied Products Plc (Nigeria) – Notice of Board changes

By Published On: June 20th, 2022Categories: Corporate announcement

The Board of Directors of Chemical and Allied Products Plc (“CAP PLC”) is pleased to announce as follows:

APPOINTMENT

The appointment of Mr. Babs Omotowa (“Mr. Omotowa”) as an Independent Non-Executive Director effective June 17, 2022.

Mr. Omotowa is a consummate global leader in Upstream and Midstream Oil and Gas Industry, with an extensive executive career across several companies in several continents. He has extensive experiences in C-Suite (CEO), board, and advisory roles in several multi-billion-dollar businesses, in established and emerging energy sectors.

Mr. Omotowa was the Managing Director/CEO of Nigeria LNG Limited (“Nigeria LNG”) for almost 5 years from December 2011 to September 2016 where he achieved 65% growth in revenue to $40bn and 70% rise in returns, and raising $2bn international financing to build 6 new LNG ships.

Prior to joining Nigeria LNG, Mr. Omotowa served in different capacities including Vice-President Shell Sub-Saharan Africa, Director and General Manager at Shell Petroleum Development Company, amongst others. He was also a Non-Executive Director at West African Gas Pipeline Company; The Nigerian Economic Summit Group, and a global president of a 100,000 members UK Chartered Institute.

Subsequent to his tenure at Nigeria LNG, Mr. Omotowa served as Vice President of Shell Global Upstream E&P, and Special Adviser to the Shell Global Upstream Director.

He is currently the Chairman, Advisory Board of Montserrado B.V. Group, and also sits on the board of Pearlhill Technologies (an American LLC, leading innovative technologies for a cleaner world and positively impacting on climate change).

Mr. Omotowa is currently studying for his DBA (Doctor of Business Administration) from Edinburgh Business School (2020 to 2026), he obtained an MBA from University of Leicester (2002). He has attended several leadership programs including the Leadership Development Program from INSEAD (2015), Senior Leadership Development Program from IMD Business School (2012) and General Manager’s Program from Harvard University (2003).

RETIREMENT

Ambassador Kayode Garrick retires as Independent Non-Executive Director from the Board of the Company effective June 16, 2022. In accepting Amb. Garrick’s resignation, the Board deeply appreciates Amb. Garrick’s dedication, commitment, and service to CAP PLC in the last nine (9) years and wishes him all the best for the future.

For: Chemical and Allied Products PLC

Ayomipo Wey
Company Secretary/General Counsel

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CAP Plc (CAP.ng)

Share price: 20.10 NGN (0.00 | 0.00% – 01/12/23)

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