Seplat Energy names Tony Elumelu chairman, Effiong Okon CEO
Seplat Energy has announced the appointment of billionaire businessman, Tony Elumelu, as the next Chairman of the company, with effect from January 2027.
The appointments were disclosed in a notice filed on the Nigerian Exchange Limited on Tuesday and signed by the company secretary, Edith Onwuchekwa.
Elumelu’s appointment into the board follows Heirs Energies’ landmark acquisition of a 20.07 per cent stake in Nigeria’s foremost indigenous Oil and Gas Company, following the $500 million transaction that made Heirs Energies the single largest shareholder in the dual-listed energy company.
Elumelu will succeed Senator Udoma Udo Udoma, who currently chairs the board of Seplat Energy.
The company said the transition signals “a new chapter of leadership” as Seplat continues its growth and transformation journey.
Seplat said Elumelu’s experience in corporate governance, institution building, and value creation would support the company’s ambition of becoming a resilient and globally competitive energy business.
Elumelu is the Founder and Chairman of Heirs Holdings, a pan-African investment company with interests spanning energy, power, banking, insurance, technology, real estate, hospitality, and healthcare.
Beyond Heirs Holdings, Elumelu currently chairs Transcorp Group, with investments in power and hospitality.
He is also the outgoing Chairman of United Bank for Africa (UBA) Group, one of Africa’s largest financial services institutions.
The company’s incoming CEO, Effiong Okon, replaces Roger Brown, who assumed the role on 1 August 2020.
Okon has more than 35 years of industry experience and has held several leadership positions within Seplat since joining the company in 2018.
Okon initially served on Seplat’s board as Operations Director for four years before becoming New Energy Director. Most recently, he served as Managing Director of ANOH Gas Processing Company (AGPC).
