Business

FBN Holdings Appoints Three Directors

First Bank Nigeria Holdings Plc has appointed three directors to its board.

Mr Seni Adetu and Mrs Juliet Anammah were appointed independent non-executive directors while Mr Out Highes was appointed non-executive director of the company, according to a notice by the lender to the Nigerian Stock Exchange.

The appointments are subject to the approval of the Central Bank of Nigeria and the shareholders at the next Annual General Meeting of the company.

Seni Adetu, a former Managing Director/CEO of Guinness Nigeria Plc, has 35 years of private sector experience garnered at the highest levels primarily with John Holt Plc, Coca-Cola International and Diageo (Guinness) Plc in various countries within and outside Africa.

He holds a first degree in chemical engineering and a master’s in business administration (with specialisation in marketing), both from the University of Lagos.

Adetu was at various times Marketing Director, Coca-Cola Nigeria Limited, Managing Director of Coca-Cola, and the first African Managing Director/CEO and Executive Vice Chairman of Guinness Ghana Plc.

In 2009, Adetu was appointed Group Managing Director/CEO, East African Breweries, the biggest company in East Africa, based in Kenya, during which time he was named Runner-up Forbes/CNBC CEO of the Year 2012 in East Africa.

He was subsequently appointed MD/CEO of Guinness Nigeria Plc and Executive Chairman, Diageo Brands Nigeria.

Adetu had working stints in Hungary and the UK and had been exposed to various high-profile leadership courses globally.

Anammah, on the other hand, is Chairwoman Jumia Nigeria and Head of Institutional Affairs Jumia Group. Jumia is the largest eCommerce platform in Africa and the first African tech startup to be listed on the New York Stock Exchange.

She is an experienced executive with over 28 years of professional experience including seven years at partner/ chief executive level.

Before her current role, she was the CEO of Jumia Nigeria. Prior to joining Jumia, Anammah spent 16 years at Accenture and was the partner managing Accenture’s Consumer Goods Practice in West Africa.

Similarly, the company said, Hughes has over 25 years’ experience in operations and strategy, principal investment, mergers and acquisition as well as capital raising in both the US 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.

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