By Glam and Essence
The chairman of United Bank of Africa,Tony Elumelu has emerged as the chairman of Seplat Energy.
This appointment is coming after Elumelu acquired 20.07 percent of Seplat Energy in a deal worth $496million.
He will be assuming the position of chairman from January 1, 2027.
Meanwhile,veteran oil and gas executive,Effiong Okon will become chief executive officer effective August 1, 2026.
The changes in the company was made public on Tuesday,June 8,2026,and described as part of a structured succession plan aimed at ensuring continuity in governance and the sustained execution of its long-term growth strategy under its Roadmap 2030 agenda.
It was also announced that the current Chief Executive Officer, Roger Brown will retire on July 31, 2026,marking the end of his 13-year tenure with the company, including six years as CEO.
Brown’s exit marks what Seplat describe as a transformative period,which saw the firm expand its operations, complete major acquisitions, as well as strengthen its position as one of Africa’s leading independent energy companies.
Elumelu’s appointment is expected to boost Seplat’s plans in expanding its upstream and gas operations, as well as advance its role in Nigeria’s energy transition agenda.
Elumelu said he was honoured to succeed Udoma and lead the company into its next phase of growth, adding that Seplat’s governance structure and execution culture aligned with his values.
He also expressed commitment to delivering increased value to shareholders and stakeholders.
Leave a Comment