FBNHoldings announces new board appointments

FBN Holdings Plc. has announced the appointments of Seni Adetu, and Mrs. Juliet Anammah, as independent non-executive directors, while Otu Hughes has been appointed as a non-executive director.

The appointments are subject to the approval of the Central Bank of Nigeria (CBN).

Speaking on the appointments, the Group Chairman of FBN Holdings Plc, Dr. Oba Otudeko, said: “On behalf of the board, management and staff of FBNHoldings, I am delighted to welcome the trio of Seni Adetu, Mrs. Juliet Anammah and Otu Hughes to the FBNHoldings board as they bring on board their combined professional experience and expertise of over 97 years, cutting across various industries and institutions of global repute.

“I am certain that these rich experiences will have an immediate and long-term impact on the group and its subsidiaries across Africa and beyond,” he added.

Adetu is a former Managing Director/CEO Guinness Nigeria Plc.

He holds a first degree in Chemical Engineering and Masters in Business Administration (with specialization in Marketing), both from the University of Lagos. Adetu was at various times Marketing Director, Coca-Cola Nigeria Ltd., Managing Director of Coca-Cola, and the first African Managing Director/CEO and Executive Vice Chairman of Guinness Ghana Plc.

Anammah is Chairperson, Jumia Nigeria, and Head of Institutional Affairs Jumia Group.

Before her current role, she was the CEO of Jumia Nigeria.

A Pharmacist by training, she started her career in Sales & Marketing with May and Baker (Sanofi-Aventis) in 1991, before joining Accenture as a Senior Strategy Consultant in 1999.

Hughes has over 25 years of experience in operations and strategy, principal investment, mergers and acquisition as well as capital raising in both the U.S. and sub-Saharan Africa. He started his career in 1993 with Lehman Brothers, providing strategic and financial advisory services to government entities and companies in privatisation and empowerment issues, notably Brazil (power and mining), Ghana (mining), South Africa (empowerment programmes), amongst others.

Hughes is the Co-Founder and Managing Director of Candesco Limited, set up with the primary responsibility of developing and managing off-grid and independent power projects for the sub-Saharan Africa market, providing affordable, clean and stable power to clusters of communities.