Lekoil Appoints Michael Ajukwu as its new Board Chairman

Lekoil Limited, a leading Nigeria-based oil and gas exploration firm, has named Michael Ajukwu as its new Board Chairman. Ajukwu’s appointment follows the resignation of 56-year old conservative UK politician, Mark Simmonds, who held the position for one year between January 6, 2020, and the time of his resignation.

According to a statement that was seen by Business Elites Africa, the appointment of Michael Ajukwu took effect immediately. He expressed his excitement/appreciation over the appointment and said he was looking forward to working with the rest of the team.

“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,” Michael Ajukwu was quoted to have said.

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He comes onboard with many years of professional experience, having served on the Board of now defunct Bank Phb Plc. In July 2018, he was appointed to the Board of Sterling Bank Plc as an Independent Director. He also sits on the Board of MTN Nigeria Communications Plc as an Independent Non-Executive Director.

It should be noted that Michael Ajukwu is a graduate of the University of Lagos where he obtained a degree in Finance. He also studied for his MBA in Accounting & Finance at the New York University.