Transcorp Hotels appoints Udechukwu Osakwe as non-executive director

Transcorp Hotels Plc has appointed Udechukwu Osakwe as a non-executive director.

Osakwe’s appointment took effect on Friday, February 17, 2023 subject to the approval of the shareholders.

The hospitality firm, in a statement released on Saturday, said Osakwe’s appointment follows the retirement of Alexander Adeyemi who had served the company for close to four years.

It expressed optimism that Osakwe’s invaluable experience and commitment to corporate governance would be of great benefit in driving sustainable business growth for the company.

“Osakwe brings to the board his extensive experience in finance and management consulting, having held critical roles across the public and development sectors,” the statement reads.

“He is an experienced chartered accountant, finance director, and strong finance professional with a demonstrated history in the management consulting industry. He has worked with donour organisations such as the World Bank (IDA), AfDB, Global Fund, and the GAVI.

“With more than 30 years of private and public sector professional experience covering management 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 is a great addition to the board of Transcorp Hotels Plc.”

The statement added that the new non-executive director 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.

It said the board also appreciated Alexander Adeyemi for his “excellent contributions and commitment to the growth of the company and wished him success in his future endeavours”.