Transcorp Hotels Plc, a leading hospitality brand in Nigeria, has announced the appointment of Udechukwu Obi Osakwe as a non-executive director effective February 17, 2023, subject to the approval of shareholders.
This follows the retirement of Alexander Adeyemi from the Board, after serving for almost 4 years.
Osakwe’s appointment comes with a wealth of experience in finance and management consulting, having held critical roles across the public and development sectors.
He is a Chartered Accountant and Finance Director with a demonstrated history in the Management Consulting Industry, having worked with donor organizations such as the World Bank (IDA), AfDB, Global Fund, and GAVI.
Osakwe’s experience in the private and public sectors covers more than 30 years, and he has managed consultancy and oversight of financial management operations with the Federal Ministry of Finance, the Federal Ministry of Health Nigeria, and the Office of the Accountant-General of the Federation (Treasury House) Abuja.
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 (Enugu).
The Board of Transcorp Hotels expressed confidence in Osakwe’s invaluable experience and commitment to corporate governance and expects that his addition to the Board would be of great benefit in driving sustainable business growth for the company.
In a statement, the Board also expressed its gratitude to Alexander Adeyemi for his excellent contributions and commitment to the growth of the Company and wished him success in his future endeavors.
Transcorp Hotels Plc is listed on the Nigeria Exchange Group (NGX) and is the owner of the award-winning properties, Transcorp Hilton Abuja and Transcorp Hotels Calabar.
The company also owns Aura by Transcorp Hotels, an online platform for booking homes, hotels and experiences.
