The Board of Directors of Unilever Nigeria Plc says it has approved the resignation of its chairman, His Royal Majesty, Nnaemeka A. Achebe, the Obi of Onitsha, as a non-Executive Director and Chairman of the Board, with effect from 31st December 2023.
The company broke the news in a notification to the Nigerian Exchange Limited (NGX) and investing public dated Friday, October 20, 2023 and signed by Mrs Afolasade Olowe, Senior Counsel and Company Secretary.
The three paragraph notice, titled, ‘UNILEVER NIGERIA PLC – NOTIFICATION OF RESIGNATION OF A DIRECTOR’ said Achebe’s replacement will be revealed in due course.
It read: “This is to notify the Nigerian Exchange Limited and investing public that the Board of Directors of Unilever Nigeria Plc has considered and approved the resignation of His Royal Majesty, Nnaemeka A. Achebe, CFR, mni, Obi of Onitsha, as a non-Executive Director and Chairman of the Board with effect from 31st December 2023.
“The Board of Directors wishes His Royal Majesty all the very best in his retirement and would like to express their sincere gratitude to him for his leadership and the many valuable contributions he brought to the Board over the past two decades since his appointment in March 2003.
“His Royal Majesty’s replacement on the Board of Directors of Unilever Nigeria will be announced in due course.”
