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Home ยป Dokpesi Jnr Explains DAAR Communications Management Shake-Up

Dokpesi Jnr Explains DAAR Communications Management Shake-Up

Staff Writer by Staff Writer
August 21, 2024
in Appointment
0
Raymond Dokpesi Jnr, chairperson of DAAR Communications
Raymond Dokpesi Jnr, chairperson of DAAR Communications

Raymond Dokpesi Jnr, chairperson of DAAR Communications

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In a detailed interview, Raymond Dokpesi Jnr, chairperson of DAAR Communications, offered an in-depth explanation of the recent management changes at the company.

The shake-up, which has seen the departure of several long-serving directors, is part of a broader strategy to align with regulatory requirements and ensure the companyโ€™s future growth.

Dokpesi Jnr began by clarifying that the decision to part ways with these directors was not driven by personal preference.

โ€œIt isnโ€™t a personal decision to ask anyone to go,โ€ he stated. โ€œIf it were up to me, I would definitely want to harness the experiences, relationships, and skill sets of our management for a little bit longer.โ€

As a publicly listed company on the Nigerian Stock Exchange, DAAR Communications is subject to the rules set by the Security and Exchange Commission and the code of corporate governance.

These regulations mandate that directors serve no more than two terms of five years.

Dokpesi Jnr emphasized,

โ€œOur responsibilities to our shareholders transcend personal choices or opinions.โ€

He noted that many of the current management team members have been with DAAR Communications since its early days, with some serving for up to 27 years.

โ€œTheir retirement is, in fact, long overdue,โ€ he said. โ€œThis decision should have been made five, six, or seven years ago.โ€

Dokpesi Jnr also addressed the political context influencing the timing of these changes. Reflecting on the Buhari administrationโ€™s impact on the organization, he noted, โ€œDuring that period, the treatment of AIT and our founder was difficult. Implementing changes at that time might not have been the best idea.โ€

With the current political environment now more favorable, Dokpesi Jnr believes it is an ideal time for a strategic review of the companyโ€™s direction.

โ€œThe time is right for us to review where we want to go,โ€ he remarked. โ€œWe must decide whether to continue on our existing trajectory or to pursue something different.โ€

He highlighted that the shake-up aims to ensure compliance with legal and regulatory standards, thereby instilling confidence in investors and supporting the companyโ€™s growth.

โ€œWe need to abide by existing laws and regulations to give the investing public confidence in our organization and its administration,โ€ Dokpesi Jnr explained.

Finally, Dokpesi Jnr assured that these changes would create opportunities for both existing staff and external candidates.

โ€œOpportunities will open up for people within DAAR Communications to advance into new roles, as well as for qualified individuals from outside the organization and the broader industry to contribute,โ€ he concluded.

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