Access Holdings Plc has named Abubakar Aribidesi Jimoh as the new Chairman of the Board of Directors, succeeding the late Bababode Osunkoya. The announcement was made through a notice to the Nigerian Exchange Limited (NGX).
The decision was reached during the Board’s meeting held on December 19, 2023, where Jimoh’s appointment was unanimously approved. The move comes in the wake of Osunkoya’s passing on November 21, 2023, following a brief illness. The statement signed by Sunday Ekeochi, the Company Secretary, expressed the board’s deep sense of loss and outlined the succession plan.
Abubakar Aribidesi Jimoh, before assuming the role of Chairman, served as an Independent Non-Executive Director on the Access Holdings Plc Board. He previously held the position of Chairman on the Board of Audit Committee and Board Finance and Investment Committee. With a wealth of experience and a proven track record within the company, Jimoh is set to lead Access Holdings into its next phase of growth and development.
Access Holdings Plc had previously disclosed the passing of Bababode Osunkoya in a statement issued by Sunday Ekwochi, the Company Secretary. Osunkoya succumbed to a brief illness on November 21, 2023. The company expressed its condolences and deep sadness at the loss of its Chairman.
The statement provided an overview of the updated board structure at Access Holdings Plc. The board now comprises nine members, including six non-executive directors (two of whom are independent) and three executive directors, inclusive of the group chief executive officer. The company assured the investing public of a subsequent announcement regarding the choice of Osunkoya’s successor.
The appointment of Abubakar Aribidesi Jimoh brings a seasoned and capable leader to the fore, signalling continuity and stability for Access Holdings Plc. As the company scales this transition, investors and stakeholders can expect further updates on strategic initiatives and the company’s future direction under the leadership of the new Chairman.
Access Holdings Plc remains focused on its mission and vision, and the board is confident that Jimoh’s leadership will contribute to the sustained success and growth of the organization. The company will continue to uphold its standards of transparency, governance, and excellence in the financial sector.
