Leading transport and logistics company in Nigeria and West Africa, Associated Bus Co PLC, better known as ABC Transport, has announced the retirement of its founder and CEO, Mr. Frank Nneji, effective 30th June 2023.
While he will continue to serve as a Non-Executive Director on the Board, his brother, Jude Nneji, will take over the mantle as the acting Chief Executive Officer (CEO) of the company. Jude was the company’s Deputy Managing Director until the elevation.
Also retiring from the board as an Independent Non-Executive Director is Mr. John Okoro, the company said.
In a filing with the Nigerian Exchange Limited (NGX) on Tuesday, the company said the Board of Directors expressed its gratitude to Mr. Frank Nneji for all his sacrifices, innovations and outstanding vision which has placed the Company at its present height in the transportation and logistics sector.
ABC Transport Plc commenced road passenger transportation on February 13, 1993 as an off-shoot of Rapido Ventures.
The company said Jude Nneji, who holds a bachelor’s degree in Pharmaceuticals from the University of Nigeria, Nsukka, boasts of enormous experience will impact positively on the company in the years ahead.
He has over 18 years of experience as a member of the company’s Board, and more than 27 years of experience in professional Transportation and Logistics. He attended the Advanced Management Programme (AMP 14) and Chief Executive Programme (CEP 21) at the Lagos Business School.
He has undergone several trainings in the transportation and logistics sector locally and internationally. He served under the retiring MD/CEO and has been in the Company from its inception.
According to the company, Mr. Frank Nneji played an instrumental role in its establishment and subsequent growth.
He has been the Managing Director/Chief Executive Officer of the Company from its inception and successfully navigated it through its different stages of growth to its present position in the Transportation and Logistics sector.
According to the company, Mr. John Okoro was appointed to the Board in 2012. Before his retirement, he served as the Chairman and member respectively of the Risk Management Committee and the Governance and Remuneration Committee.
The Board also expressed its gratitude to him for his service to the Company and wished him more fruitful years in his future endeavours.
