Transcorp Appoints New Board Of Directors, New Subsidiary CEO’s

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Nigeria’s largest listed conglomerate and a leading investor in the energy sector, Transnational Corporation of Nigeria Plc (Transcorp) has announced its decision to appoint two members to the Board of Directors and also two new members of its executive management team.

The Group in a statement announced Mr. Victor Famuyibo and Mallam Ahmadu Sambo to its board of directors and Mr. Vincent Ozoude, as MD/CEO of Trans-Afam Power Limited and Mr. Peter Ikenga, as MD/CEO of Transcorp Energy Limited.

This appointment became effective from April 22nd, 2021.

The Group speaking about Mr. Victor Famuyibo said:

“He is a Member of the Commonwealth of Massachusetts Board of Accountancy and State of New Hampshire Board of Accountancy. He is also a Member of the Massachusetts Society of Certified Public Accountants and National Association of Black Accountants,”

Similarly, speaking about Mr. Vincent Ozoude, it said:

“Ozoude has over 20 years of work experience in the power generation services sector, was at some time a member of GE field engineers advisory board for Africa and Middle East region, a greenbelt lean six sigma qualified and won numerous awards such as Everyday Excellence Expertise Award from GE Global leadership, Clear Thinker Award amongst others,”

Mr. Tony Elumelu, the Chairman of Transcorp Group, said;

“Transcorp has made a succession of important recent business acquisitions, consolidating our position in the power, oil and gas sectors, demonstrating our commitment to Nigeria’s economy and the rapid advance in our integrated power strategy.
“We are delighted to complement these with further investment in human capital. These announcements illustrate the depth, diversity and quality of experience of our leaders, both executive and non-executive. Our board and management team, led by the President/Group CEO, Mrs. Owen Omogiafo, are further capacitised to deliver our vision.

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“Mr. Famuyibo, with his considerable experience in human resources, will be invaluable in working with management to deliver cutting edge employee management practices. Mallam Sambo brings crucial knowledge of the energy sector, further accelerating our integrated energy strategy.


“Peter and Vincent, working with our existing CEOs, Mr. Chris Ezeafulukwe, MD/CEO Transcorp Power Ughelli and Mrs. Dupe Olusola, MD/CEO Transcorp Hotels Plc, will contribute to the group’s mission of ‘improving lives and transforming Nigeria.’

“Peter and Vincent, working with our existing CEOs, Mr. Chris Ezeafulukwe, MD/CEO Transcorp Power Ughelli and Mrs. Dupe Olusola, MD/CEO Transcorp Hotels Plc, will contribute to the Group’s mission of “Improving Lives and Transforming Nigeria.

“With the acceleration in our integrated energy strategy and the expansion of our hospitality business, notably the recently launched digital hospitality platform, Aura by Transcorp, we are closer to our goal of powering one in every four homes in Nigeria and redefining the standards of hospitality in Africa. This investment in human capital demonstrates, once again, our commitment to bring together the best, to ensure the execution and value creation that our stakeholders expect”.

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