London — Lekoil Limited, the oil and gas exploration and production company with a focus on Nigeria and West Africa, announced that following the resignation of Mark Simmonds, the Board has appointed Mr. Michael Ajukwu as chairman with immediate effect.
A finance graduate of the University of Lagos, Ajukwu also studied at the New York University, where he obtained MBA in Accounting and Finance.
He served on the Board of the former Bank PHB. In July 2018, he was appointed to the Board of Sterling Bank Plc as an independent director. He is also on the board of MTN Nigeria Communications Plc as an independent non-executive director.
Ajukwu commented: “I am honoured to assume the position of Chairman of Lekoil and would like to thank my predecessor, Mark Simmonds, for his contributions to the company.
“I look forward to working with my colleagues on the Board and the management of Lekoil to deliver a high performing company anchored on strong governance structures that produces value for all shareholders.”