VFD Group PLC Announces Key Board Changes

VFD Group PLC Announces Key Board Changes (PHOTO:
VFD Group PLC Announces Key Board Changes (PHOTO:

VFD Group PLC, often dubbed the ‘Berkshire Hathaway of Nigeria,’ has revealed a series of significant board changes. The company, known for its rapid growth and diversified portfolio, aims to reinforce its leadership with these strategic moves.

Rashida Saleh Appointed Independent Director

On October 25, 2023, Ms. Rashida Saleh took on the role of Independent Non-Executive Director, pending shareholder approval at the upcoming Annual General Meeting.

With over 25 years of experience, Saleh brings extensive expertise to the board. Notably, 15 of those years were spent in senior management positions in financial services and the oil & gas sector.

According to the Company, Rashida Saleh is an “experienced human resources, treasury, and contract management professional.

Nneka Okekearu Joins as Independent Director

Joining Ms. Saleh, Ms. Nneka Okekearu assumed the position of Independent Non-Executive Director, on October 25, 2023, pending shareholder endorsement.

Okekearu is recognized for her dynamic leadership and holds more than two decades of experience in SME development and project management.

In the statement, the VFD Group described her as an expert in “the management of catalytic projects on financial inclusion, enterprise development, highly complex customer relationships, and audit.

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Gbenga Omolokun’s Transition to Executive Director

In a strategic board restructuring, Mr. Gbenga Omolokun, a former Non-Executive Director, will transition to the role of Executive Director, heading a newly established Directorate focused on Technology and Operations.

This shift is part of the company’s initiative to bring in adaptable professionals capable of meeting daily operational demands.

Resignation of Folajimi Adeleye

Mr. Folajimi Adeleye, who previously held roles as Executive Director of Finance and later Executive Director of Treasury and Operations, has resigned from the VFD Group Board. Adeleye’s decision to step down was motivated by his pursuit of new responsibilities within the Group.

These developments represents a significant step in VFD Group’s ongoing efforts to enhance its leadership team and adapt to the evolving demands of its business.

VFD Group is an investment organization that provides products and solutions that are accessible to everyday citizens and entrepreneurs.

The company, renowned for its substantial growth that increased assets from N3 million to N150 billion in just 14 years, managing a portfolio of 40 different companies, is emphasizing the importance of these strategic moves in its commitment to corporate excellence.

Techrectory with Agency Report.

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Written by Ayodeji Ayenuwa

Well, My name is there already, I'm a student of Adekunle Ajasin University, Akungba Akoko, studying Mass Communication: Public Relations and Advertising.

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