Julius Berger Nigeria Plc, the country’s
foremost engineering construction company, which recently announced a
strategic change of guard at the topmost echelon of its board of
directors last Wednesday in Abuja, formally unveiled its new Chairman,
Mr. Mutiu Sunmonu.
The company’s spokesman, Mr. Moses Duku,
had earlier in March of this year announced Sunmonu’s appointment as
the new chairman of the company with effect from April 1, 2016.
At the change-of-baton event which held
at the Congress Hall of the Transcorp Hilton Hotel, the outgoing
chairman AVM Nurudeen Imam who had served on the board of the company
for more than sixteen years thanked the company for the opportunity
given to him to serve. In his speech, Imam said that on the board, he
felt “significantly fulfilled to have worked with one of the finest
corporate teams any director or chairman could wish to work with.”
Imam also celebrated his successor at the event.
Imam also celebrated his successor at the event.
He stated that in his considerable
military, administrative and business management experience, “I can
assure you that nothing brightens the heart of a retiring officer than
the knowledge that he has a worthy, competent, capable and
ready-to-step-up successor. I believe that in my successor, our company
is in capable and safe hands”. He described Sunmonu as “an energetic
member of a younger generation whose trajectory looks good and set to
improve upon the achievements of generations of past leadership of (the)
Company”. Sunmonu, Imam added, represents a bold new hope and worthy
new leadership for Julius Berger. He wished the in-coming chairman a
healthy, prosperous and successful tenure in office.
Also speaking at the event, the Acting
MD of Julius Berger, Mr. George Marks celebrated the accomplishments of
the former chairman whom he fondly calls Nura. According to Mr. Marks,
who said that “Julius Berger stands for strong corporate values”, key
corporate milestones achieved during the chairmanship of AVM Nura Imam
include being a driving force in modernising the company’s Board
practices such as, review of Articles of Association, enlargement of
number of Board Members, strict compliance with the rules of the Code of
Corporate Governance, increase of the company’s Board Governance
through the initiation of several new Board Committees, such as the Risk
and Asset Management Committee; the Remuneration Committee; the
Statutory Audit Committee; and other necessary ad-hoc or special purpose
committees. Marks also noted that at the strategic level, Imam, besides
leading an expansion of JBN’s clients’ portfolio into the private
sector both locally and internationally, also witnessed and supported
the growth and diversification of the JBN Service-Group portfolio to 7
subsidiaries.
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