Daily Trust

Folashade succeeds Bielderman at Nahco Aviance

- By Mustapha Suleiman

After the resignatio­n of Norbert Bielderman as the MD/CEO of NAHCO, Mrs. Folashade Ode has been appointed as the new Acting MD/CEO of the company.

Until her appointmen­t, she was the former ED, Legal, Risk and Subsidiary Services. In her role, she is expected to further drive NAHCO’s diversific­ation process using the platform of the new company, EPI.

Norbert submitted to the company the notice of his resignatio­n, Bielderman, who gave three months’ notice, would formally disengage from the company on 31st August, 2017.

A statement from the Company noted that Bielderman joined Nahco Aviance in May, 2010. He was appointed Executive Director, Operations on December 6, 2013. Bielderman was named Acting MD/CEO in October 2014. His appointmen­t as MD/CEO was confirmed in April, 2015.

The company also announced that Dr. Faruk Umar has retired from the board and Sir Sunny Nwosu has been appointed to replace him.

He was the director representi­ng minority shareholde­rs on the board, was appointed to the board on 22nd June, 2011.

A statement from the company noted that the resignatio­n notice given by Bielderman has activated the company’s well laiddown succession planning process, adding that the regulators, Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) have been duly notified of the new developmen­t.

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