Nigerian Breweries appoints Asue Ighodalo chairman as Jamodu retires

Nigerian Breweries Plc has appointed Asue Ighodalo as a non-executive chairman of the company effective May 1, 2023, in line with the Board’s succession plan. His appointment follows the retirement of Kolawole B. Jamodu. Jamodu will be retiring from the Board and as the Chairman of the Board on April 30, 2023, the company said on April 26 at the Nigerian Exchange Limited (NGX).

Ighodalo joined the Board effective January 1, 2022. He is a lawyer with more than 35 years of experience and a leading figure in corporate Nigeria. He sits on the boards of reputable organisations including Sterling Bank Plc and Levene Energy Group, (both of which he chairs) as well as Okomu Oil Palm Plc. He is the immediate past Chairman of the Nigerian Economic Summit Group (NESG).

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At the meeting of Nigerian Breweries Plc Board held on April 25, 2023, the Board accepted a notice of retirement from Kolawole B. Jamodu, who joined the Board effective March 1, 2006, and subsequently became the chairman of the largest brewer effective January 1, 2008.

During that period, Jamodu led the Board to oversee the Company’s massive growth and transformation as well as its continuing leadership in the brewed product market, including acquisitions and mergers between 2011 and 2014.