Seplat Energy Plc has announced the appointment of Tony Elumelu, as a Non-Executive Director on its Board, with effect from January 22.

The company disclosed this in a statement by its Director, Legal and Company Secretary, Edith Onwuchekwa on Thursday.

The board also announced the resignation of Olivier Cleret De Langavant as a Non-Executive Director, effective January 22.

Seplat Energy expressed appreciation for Langavant’s contributions and welcomed Elumelu to the Board.

Udoma Udo Udoma, Chairman of Seplat Energy, commented, “On behalf of the Board and Management, I wish to express our profound appreciation to Langavant for his outstanding contribution to Seplat Energy over the past six years

“His expertise and commitment have been instrumental in driving our strategic initiatives.

“We warmly welcome Elumelu to the board and look forward to leveraging his wealth of experience and leadership as we continue to pursue sustainable growth and value creation for all stakeholders.”

Elumelu is a renowned African investor and philanthropist, widely recognised for his contributions to Africa’s economic transformation.

He is the founder and Chairman of Heirs Holdings, a diversified investment company with interests spanning energy, power, banking, insurance, technology, real estate, hospitality and healthcare.

He also serves as Chairman of United Bank for Africa (UBA) Group, Heirs Energies and Transcorp Group, whose subsidiaries include Transcorp Power and Transcorp Hotels Plc.

In 2010, Elumelu established the Tony Elumelu Foundation, a leading philanthropy focused on empowering African entrepreneurs across the continent’s 54 countries.

His achievements have earned him global recognition, including being named among TIME Magazine’s 100 Most Influential People in the World in 2020 and receiving the national honour of Commander of the Order of the Federal Republic in 2022.

Elumelu also sits on several international boards, including UNICEF’s Generation Unlimited Global Leadership Council and the International Monetary Fund’s Advisory Council on Entrepreneurship and Growth.

The company expressed confidence that his extensive experience and leadership would support Seplat Energy’s strategic objectives and strengthen its commitment to sustainable growth.

Langavant, who joined the Board on January 28, 2020 as a nominee of Etablissements Maurel et Prom SA, resigned following the sale of M&P’s 20.07 percent shareholding in Seplat Energy to Heirs Holdings Limited and Heirs Energies Limited.

The board commended Langavant for his service, noting that he provided strategic technical guidance and valuable insights that supported the company’s growth during his tenure. 

Credit NAN: Texts excluding Headline