A renowned financial expert and consultant, Mr. Udechukwu Obi Osakwe has been appointed a non-executive director of Transcorp Hotels Plc, the leading hospitality brand in Nigeria.
In a statement issued at the weekend, the Hotel says the appointment of Mr. Osakwe which is effective February 17, 2023 is however subject to the approval of shareholders.
Osakwe’s appointment follows the retirement of Mr. Alexander Adeyemi from the Board after serving for close to four years.
Transcorp Hotels says Mr. Osakwe brings to the Board his extensive experience in Finance and Management Consulting, having held critical roles across the public and development sectors.
An experienced Chartered Accountant with a demonstrated history in the management consulting industry, Mr. Osakwe has worked with donor organizations such as the World Bank (IDA), AfDB, Global Fund and the GAVI.
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With more than 30 years of private and public sector professional experience with the Nigeria’s Federal Ministries of Finance and Health, and the Office of the Accountant-General of the Federation, Osakwe was described as a great addition to the Board of Transcorp Hotels Plc.
Mr. Osakwe holds a B.Sc. in Accountancy from Anambra State University of Technology (ASUTECH), Enugu, and an MBA in Finance from the University of Nigeria, Nsukka.
NatureNews reports that the Board of Transcorp Hotels has expressed optimism that Mr. Osakwe’s invaluable experience and commitment to corporate governance would be of great benefit in driving sustainable business growth for the company.
The Board which also expressed its appreciation to Alexander Adeyemi for his excellent contributions and commitment to the growth of the Company, wished him success in his future endeavours.
NatureNews notes that Transcorp Hotels Plc is the owner of the award-winning Transcorp Hilton Hotel Abuja, Transcorp Hotels Calabar and Aura by Transcorp Hotels, an online platform for booking homes, hotels and experiences.
The company, which is listed on the Nigeria Exchange Group, is the hospitality subsidiary of Transnational Corporation, one of Nigeria’s largest conglomerates.
