Notore Chemical Industries Plc has notified the Nigerian Exchange of the appointment of new directors on its board upon the resignation of 8 board members.
Profile of the new board appointees can be found below:
THOMAS ETUH – BOARD CHAIRMAN
Mr. Thomas Etuh is an accomplished and versatile individual with vast and dynamic experience in the Private Sector. A passionate leader with first-class communication skills and a track record of successful Corporate Management. He is a proven Administrator who ensures that clear objectives and expectations are delivered and sustained. A highly organized problem solver, with a methodical and meticulous nature and an eye for details. He is a team-oriented leader, with an even-keel temperament, whose values are strongly shaped and nurtured by the fear of God. Mr. Etuh is the founder of the Tak Group of Companies comprising Mainstream Energy Solutions Limited, Aero-Tak Limited, Tak Asset Management Limited, Superphosphate Fertilizer & Chemicals Limited, Funtua Fertilizer & Chemicals Limited and Tak Agro & Chemicals Limited. He is a past Chairman of the Board of Directors of Unity Bank Plc, prior to which he served as the pioneer Vice Chairman of the Board. He was also the Chairman of the Board of Directors of Veritas Kapital Assurance Plc from 2017 to 2022 and Lighthouse Capital Limited and currently the Chairman of the Board of EMTS/9Mobile Limited, and Trinitas Capital Limited (Family Office).
Mr. Etuh holds an MBA from the Business School, Netherlands, a diploma in Banking from Ahmadu Bello University, Zaria and an advanced diploma in Public Administration from the University of Jos. He also has a postgraduate diploma in Management from Abubakar Tafawa Balewa University, Bauchi. Mr. Etuh has attended many Business and Management Courses and Trainings in Nigeria and abroad including the Chief Executive Programme at the Lagos Business School, the Advanced Management Programme at the University of Navarra, Barcelona and the Leadership Programme at the London Business School. As the Chairman of Jennifer Etuh Foundation (JEF), he has championed several health and life empowering projects as a dedicated humanitarian.
HENRY IMASEKHA – NON-EXECUTIVE DIRECTOR
Mr. Henry Imasekha is a Chartered accountant by training who has spent a significant part of his professional life in Banking. He started work at the International Merchant Bank in 1982 and had a career spanning Credit and Marketing, Corporate Banking, Investment Banking and Treasury Management. He later joined the newly privatized UBA as Executive Director of Investment Banking and subsequently served as the Executive Director of the Corporate Bank. Mr. Imasekha was a Pioneer Director, and one of the promoters of Econet Wireless Nigeria Limited (Now Airtel) and contributed immensely to the early development of the mobile telephony industry in Nigeria. Mr. Imasekha is also a co-founder of CYBERSOC Africa Limited, one of the leading Cybersecurity companies in Nigeria, providing world-class protection to several quoted banks, the CBN and large organizations in the public and private sectors of the economy.
Mr. Imasekha is a Fellow of the Institute of Chartered Accountants (FCA) and holds a master’s degree in Business Administration (MBA) from the City University Business School, London. Mr. Imasekha has attended many Professional Management and Executive Development Courses, including the Advanced Management Programme (AMP) at the Harvard Business School, the Corporate Strategy Programme at the Massachusetts Institute of Technology (MIT) and the Advanced Management Programme at Oxford University, Oxford.
FEMI EDUN – NON-EXECUTIVE DIRECTOR
Mr. Femi Edun currently holds directorship in Emerging Markets Telecommunications Services Limited, operating as 9mobile. He is an Independent Non-Executive Director on the Board of Chevron Closed Pension Fund Administrators Limited and the Chairman of the Board of Craneburg Construction Limited Director. He was the Managing Director of Frontier Capital Limited from 2005 to 2016 and currently seats on the Company’s Board and its other affiliated special purpose vehicles as a Non-Executive Director. While at the helms of Frontier Capital Limited, Mr. Edun led the development of major advisory mandates and pioneered development of proprietary investment business spanning investments in Real Estate, Financial Services, Technology and other sectors. He led the development of debt restructuring and resolution advisory business involving over N500 Billion of distressed debt, culminating in the formation of Frontier Capital Alternative Assets Limited, the pioneer privately owned acquirer of distressed and non-performing Bank loans in Nigeria
Mr. Edun started his career in the prestigious accounting firm of Akintola Williams & Co in1987 as an Audit Trainee and rose to the rank of a Senior Consultant in AW Consultants Limited He joined Price Waterhouse in 1991 as a Senior Consultant in the Financial Services Consulting Group providing Business Information, Training, Consulting and Advisory Services to Banks and other Financial Service Institutions. He moved to Agusto & Co. Limited and held a number of key positions in the rating Company, including the Managing Consultant responsible for the Strategic Management and Financial Advisory practice of Agusto & Co. Limited. Following his role as the Managing Consultant in 1999, Mr. Edun exited Agusto & Co. to become a Partner in Alliance Consulting.
Mr. Edun holds a 2nd Class Upper Honours in BSc Accounting University of Ife in 1987. He qualified as a Chartered Accountant in November 1988 and currently a Fellow, Institute of Chartered Accountants of Nigeria (ICAN). He has also attended several local and foreign courses like the Advanced Company Direction Programme 9 Institute of Directors UK & Nigeria, QSR Franchise Investor Programme AFC Inc. (A Pepsico Spin-off), Atlanta GA – 2004 and the FRC Mandatory IFRS Training for Company Directors PML Advisory Limited – 2014.
VIVIEN SHOBO – NON-EXECUTIVE DIRECTOR
Mrs. Vivien Shobo is the Chief Executive Officer of FVS Advisory Partners. Between September 2003 and December 2019, she was the Chief Executive Officer of Agusto & Co, the foremost Pan African credit rating agency and leading provider of economic and industry research in Nigeria & Sub-Saharan Africa. Vivien left Agusto & Co. with an outstanding record of achievements, the most significant being fortifying Agusto & Co’s formidable market position as a leading Pan African credit rating agency and diversifying the company’s product and revenue base. In September 2020, Vivien Shobo was chosen from amongst her peers by the African Banker Awards Committee, as the winner of the African Banker Icon Award (the most prestigious event in Africa’s banking and finance sector), in recognition of her exemplary career and work at the helm of Agusto & Co, which was described as “truly pioneering and has helped transform capital markets in Nigeria and beyond.
During her tenure as CEO, Agusto & Co. achieved many milestones. She led the Company’s African expansion initiatives by obtaining Credit Rating Agency licences from the Capital Market Authorities of Kenya and Rwanda in 2015. In the same year, Agusto & Co birthed Agusto Consulting (a subsidiary engaged in consulting, business advisory and training business). In 2017, Agusto & Co launched the AMI (Agusto Market Intelligence), an online portal that provides sound analyses of critical industries and companies. Vivien is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and she has an MBA (Finance) from the Manchester Business School, United Kingdom. Vivien has also attended Management and Leadership programmes at esteemed institutions including, Harvard Business School, Wharton Business School, and the Lagos Business School. Her current Board appointments are on Okomu Oil Palm Plc, Infrastructure Credit Guarantee Company Limited (Infracredit) and FMDQ Clear Limited as Independent Non-Executive Director.
NELSON UGBEDE ATTAH – NON-EXECUTIVE DIRECTOR
Mr. Nelson Attah is an Investment Banker, Fund Arranger, Portfolio Manager and Entrepreneur. He is currently the Group Managing Director of Lighthouse Capital Limited and responsible for driving the Vision and Strategic Business initiative of the Company as well as overseeing the core business dynamics arms of the Company. This includes Financial Advisory, Investment Banking, Asset Management, Registrar Services, and other related financial initiatives and activities. Prior to joining Lighthouse Capital Limited, Mr. Attah was the Head of Investment at Veritas Glanvills Pensions Limited and this role, he strategically grew Veritas Pension Funds Under Management from N60 Billion to N120 Billion (US$164m to over US$328m) within two (2) years and ensured that Funds/Schemes operated effectively. He was also Head, Fund/Portfolio Management at Tak Asset Management Limited from June 2017 to May 2018. He performed key role in the management of the Assets of the operating Companies across several sectors with portfolio valued in excess of US$2billion under the Holdco structure of TAK GROUP. He Incubated Veritas Capital which successfully executed the Mergers & Acquisitions of Unity Kapital Assurance worth over N10 Billion.
Mr. Attah is a fellow of the Chartered Institute of Stockbrokers 1568 with over Eighteen (18) years Capital Market Experience, over Nine (9) years of which is at C-suite level. He is a UK approved person with over US$10 billion in Asset Management. He is a Nigerian Securities and Exchange Commission (Sponsored Individual) authorized Dealing Clerk and Fund Manager; an authorized Dealing Clerk with the Nigerian Exchange Group; PenCOM authorized Investment Manager. Mr. Attah obtained a B.A. in Public Administration from the Ahmadu Bello University Zaria in 2004 and MBA from the Business School of Netherland in 2019. He also holds membership of the Commodities Brokers Association of Nigeria, Chartered Institute for Securities & Investment UK and the Nigerian Institute of Management.
THEOPHILUS DANJUMA – NON-EXECUTIVE DIRECTOR
Mr. Theophilus Danjuma is an enthusiastic and hard-working individual. He graduated from the University of Nottingham with BA Honours in History and Politics and holds a CIM Professional Diploma in Marketing from the London School of Marketing and CIM Professional Certificate in Marketing from the same institute. He currently seats on the Boards of TY Towers, South Atlantic Petroleum, TY Logistics Park, TY Danjuma Foundation, Drilling, Petro Dynamics, TY Danjuma Family Office NAL Comet Group, the Wheatbaker Hotel, TY Holdings Limited, Danjuma Collection/Grace Gallery and Stirling Trust Company Limited.
Mr. Danjuma is passionate about art and nature. He held Committee Membership of the Painting and Sculpture Acquisitions Committee of the Museum of Modern Art (MoMA) for five years (2015 – 2020). He has garnered experience in the set up and establishment of contemporary art business from the commencement of his business plan works with Grace Gallery to seeking private equity investment and growing the Company’s portfolio from an initial 20 pieces of art to over 550 works of art. Negotiated with galleries on all sales, coordinated delivery and cataloguing of all works. Mr. Danjuma represented the Company at major art fairs of Frieze London, Basel, Frieze New York and has established strong working relationships with major galleries throughout Europe and the United States. He also Liaised and arranged for regular portfolio valuations from Gurr Johns, Sotheby’s, Christies and Phillips.
DANJUMA ABDUL-KADIRI ETUH – DEPUTY MANAGING DIRECTOR
Mr. Danjuma Etuh started his career with TAK Continental Limited as the Company’s Business and Operations Manager in 2004 and joined TAK Agro & Chemical Limited in 2007 as an Executive Director in charge operations. He was the Managing Director of Matito Agro & Chemicals Limited and was responsible for the purchase and sale of Assorted Brands of Fertilizer, a startup company that witnessed a growth from N500 million sales value in 2020 to over N25 billion worth of fertilizer sales in 2023. He implemented a customer-centric approach that increased customer satisfaction and loyalty, evidenced by the significant growth in the business. Prior to his role at Matito Agro & Chemicals Limited, he was the Chief Executive Officer of Superphosphate Fertiliser & Chemical Limited and managed the Company’s s Operations, Systems and Strategies for new and old locations within the Company. He also superintendent and managed the Company’s assets worth of over N15 Billion with an increased production capacity of over 2,000% and more than 3 million bags of assorted fertilizers annually after reinvigorating the Company’s underperforming Fertilizer Plant within six (6) months.
He negotiated and secured Government Contract worth N2 Billion for thIe production and sale of assorted fertilizer during his time at Superphosphate Fertiliser & Chemical Limited. He reduced the Company’s Corporate Indebtedness by 50% and increased Gross Revenues by 80% through aggressive cost reduction and improved cash collections through direct open market sales. He managed the installations and upgrades of blending Plant projects from conception, pre-production through to completion and was responsible for over three hundred (300) direct employees and nine hundred (900) indirect employees that are managed through four (4) direct associated subsidiary Companies.
He holds a Bachelors’ of Engineering (Mechanical) from Ahmadu Bello University, Zaria in 2003; an Advanced Management Program from the Lagos Business School in 2010 and an MBA from Business School of Netherlands 2016. He is a member of the Institute of Mechanical Engineering (IMECHE) London.
ISHAYA DANJUMA – NON-EXECUTIVE DIRECTOR
Mr. Ishaya Danjuma holds Directorship in Wheatbaker Investments & Properties; Beverly Development & Realties; Dangil Holdings; TY Holdings Limited, Apave Nigeria Limited; NAL – Comet Group of Companies Limited; Dominion Rice and Integrated Farms Limited; Unitrust Limited; Capital Club West Africa; Industrial & Medical Gases Nigeria Plc; South Atlantic Petroleum and TY Danjuma Foundation. Mr. Danjuma attended Santa Monica College in California, USA from 1999 to 2003 and the Owner Management Programme at the Lagos Business School in 2018. He has also attended courses locally and abroad. Some of which include Hospitality Trainings and courses on International Oil & Gas Business Management. His other work experience in the area of operations are in IMK Investments Limited, EOA Reality Company and Central Realities.