and the stories behind their rise to the top, based on
authoritative reports, between 2009 and 2012. Read below
Being a successful and influential chief executive officer
takes hard work, guts, sacrifice and a more-than-average
knowledge of how the business environment works. Many
who wish to be successful and influential wonder how
others have achieved great things, thinking such feats are
impossible in their bid to toe same path.
Nigeria boasts a slew of successful CEOs in almost every
sector – banking, oil and gas, sports, health and
manufacturing. LEADERSHIP Friday unveils some of
them.
Report after the cut...
CEO, Stanbic IBTC, Sola David-Borha
As the managing director/CEO of Stanbic IBTC Holdings Plc,
David-Borha is one of the country's highly-rated bankers. She
is the highest paid director in Nigeria's banking sector, with
an annual remuneration of N177m. When broken down, this
becomes N484, 931 daily, including weekends when may
have no reason to go to work.
David-Borha has patiently risen through the ranks to get to
where she is today. She was, at different times, responsible
for overseeing the corporate finance and corporate banking,
projects and structure finance, as well as asset management
and private banking departments. At a time, she bore the
burden of supervising treasury and finance services
department.
David-Borha also headed the correspondent banking
relationships' department at Stanbic IBTC and served as a
member of the executive committee. She was appointed to the
bank's board in 1994 and has held other positions, including a
spell as director of Stanbic IBTC Bank Plc, Stanbic Nominees
Nigeria Limited and Stanbic IBTC Stockbrokers Limited. She
was also appointed a member of the board of Financial
Institutions Training Centre (FITC). She did not miss serving
as a member of the bank's board credit, board nominations
and risk management committees.
Having passed through these stages before rising to the
pinnacle, David- Borha can be said to have, indeed, paid her
dues and can be said to have exhibited a great degree of
competence, experience, long career plan and hard work to
get to her present position.
CEO, Mobil Oil Nigeria Limited, Tunji Oyebanji
Mobil Oil Nigeria (MON) is one of Nigeria's major
petroleum products marketing companies. As its chief
executive officer, Oyebanji is on an annual remuneration of
N85m. When broken down, this amounts to a daily pay of
about N231, 956.
As chairman/CEO/managing director of MON, there is no
doubt that Oyebanji's hard-work, commitment and dedication
has been largely responsible for the turn-around which the
company's fortune has experienced, making it stand tall
among other competing oil corporates.
The company now operates more than 200 retail outlets
spread across the 36 states of Nigeria and the Fedeeral Capital
Territory; it owns three plants (in Apapa, Lagos State) where
lubricants, petroleum jelly and insecticides are manufactured.
As at 2011, MON had an annual turn-over of N63.1bn, from
N58.34bn in 2010. With a combined dividend per share of N5
and bonus issue of one for five shares, MON has, arguably,
the industry's highest priced stock.
CEO, GTBank, Olusegun Agbaje
The managing director/CEO of Guaranty Trust Bank (GTB),
Olusegun J.K. Agbaje, is rated as one of the country's highest
paid CEOs. His GTB prides itself as "the biggest and most
profitable bank in Nigeria" and one of the biggest companies
on the shores of West Africa. Agbaje co-founded the GTB in
1990 with Tayo Aderinokun who died in 2011.His annual
take-home is a whopping N77m.
Before assuming the current position, Agbaje was the deputy
managing director of the bank between August 2002 and April
20, 2011. He has also served as the divisional head of the
bank's institutional banking division and also as acting MD of
GTB (Ghana) Limited, from April 20, 2011.
Interestingly, Agbaje has served in a number of capacities
before becoming the man at the helm of the bank's affairs. He
was, at different points in his career; member, Assets and
Liability Management Committee; member, Criticised Assets
Committee; member, Board, Information Technology Strategy
Committee and member, Board, Risk Management
Committee.
On his way to the top, Agbaje also served as member, board,
Human Resources and Nomination Committee; member,
Management Risk Committee and member, Management
Credit Committee. Experience garnered from serving in these
committees helped, in no small measure, in preparing him for
the current position of CEO.
CEO, Oando Plc, Jubril Adewale Tinubu
According to recent financial reports, the second highest paid
CEO in the oil sector is Wale Tinubu, with a total annual
remuneration of N69m, an equivalent of N189, 041 per day.
Tinubu is the group chief executive of the company which has
been hailed as Africa's leading indigenous energy solutions
provider listed on the stock exchange in Nigeria and
Johannesburg. Tinubu also has a record of long-time service,
having served on the board of various blue-chip companies as
chairman and director.
His outstanding performance has won him several awards,
among which are; Africa's Business Leader of the Year
awarded by the African Business Magazine and the
Commonwealth Council on the basis of his contributions to
the development of the African oil and gas sector in 2010. He
won the same accolade in 2011, courtesy of the African
Investor.
These accolades are proof that Tinubu's ascension to the
pinnacle of the administrative ladder in Oando was no fluke
but a function of his doggedness and hard-work. Tinubu also
holds key positions in a number of major financial
institutions.
CEO, Forte Oil Plc, Akin Akinfemiwa
Forte Oil Plc. (formally African Petroleum Plc.) is a foremost
indigenous major marketer of refined petroleum products with
strong presence in the 36 states of the federation and Abuja.
According to recent reports, as its group chief executive
officer, Akinfemiwa's annual salary is N64m (N175, 342 per
day).
Prior to this appointment, Akinfemiwa had a successful career
in the banking sector. He served as the CEO of Sky Bank Plc,
until July 31, 2010. His expertise covers a range of areas,
including; strategic planning and management, corporate
banking, project financing, leadership and advisory services.
He has also served as managing director/CEO of Prudent
Bank.
Akinfemiwa has now brought his hard-work to bear on the
fortunes of Forte Oil Plc. The public liability company which
is quoted on the Nigerian Stock Exchange (NSE) has over 500
dealer-assisted and dealer-developed retail outlets spread
across the country.
CEO, UBA, Phillips Oduoza
Phillips Oduoza is the chief executive officer, group managing
director, and an executive director of the United Bank for
Africa (UBA) Plc. He is one of the highest paid CEOs in the
banking sector, with an annual remuneration of N57m (as at
2010). It suffices to say that Oduoza is one of the few who
can beat their chest in fulfilment of a banking career.
He became the CEO and managing director of the bank in
August 2010 and has served as its deputy managing director
(South) from the 2005. Besides having the honour of having
gained monumental experience from working across different
banks for more than 20 years, he has served also as the bank's
executive director of Retail Financial Services. UBA's
fortune, no doubt, has snow-balled, with results from his
professional services and investment of talents as proof.
His services in the bank cut across membership of the board
risk committee and financial and general purpose committee.
Before assuming the position of CEO, he served as deputy
managing director of the bank. Among many other
designations, he was an executive director of the defunct
Standard Trust Bank (STB) which was acquired by the UBA
in the thick of the consolidation exercise introduced by the
then-governor of the Central Bank of Nigeria (CBN),
Professor Charles Chukwuma Soludo.
CEO, Ecobank Nigeria, Jubril Aku
According to a Banks' Financial Transparency report, as at
2009, the bank ranked second on the list of highest paid bank
CEOs in Nigeria, with N88m per annum as salary for its
CEO. But the bank reportedly slashed the CEO's emolument
to N38m per annum, perhaps, as a measure against financial
stress.
Jubril Aku is the chief executive officer (CEO) of Ecobank
Nigeria Plc. He has been its managing director since March
2010. Aku served as acting treasurer, Citibank, Tanzania and
as country treasurer, Citibank Nigeria Plc.
He began his banking career in 1979 with the United Bank for
Africa (UBA) Plc., where he worked for three years from
September, 1986 to December, 1989. He served at the
Continental Merchant Bank Plc., where he worked as a credit
and investment analyst.
Aku has served in various capacities with different financial
institutions and is, by all standards, an accomplished banker.
Au's academic brilliance has earned him several accolades,
among which are the First Bank of Nigeria Plc Prize for the
Best Graduating Student in Banking and Finance at the
Ahmadu Bello University, from where he graduated with
honours in 1986.
CEO, Zenith Bank, Godwin Emefiele
The CEO and group managing director of Zenith Bank Plc,
Godwin Emefiele, is also one of the highest paid CEOs of
Nigerian companies. Emefiele succeeded the pioneer CEO of
the bank, Jim Ovia, in August 2010. By his current position in
the bank's hierarchy and the number of branches it can bboast
of within the country and in West Africa, it is evident that
Emefiele is fulfilled.
Prior to his choice of banking as a career in Zenith Bank,
Emefiele was a lecturer in University of Nigeria and
University of Port Harcourt where he taught Finance, Bank
Management and Insurance. However, he later left the
academia for banking. He joined Zenith as a pioneer staff
over 22 years ago and has proved his worth in advancing the
bank as well as increasing its fortunes and profitability. In
2001, he was appointed deputy managing director before
succeeding Ovia three years ago.
He has also served as member of Executive Committee,
member of Board Credit Committee, member of Staff
Matters, Finance and General Purpose Committee and
member of Board Risk Management Committee. Emefiele's
services and impact were also felt in Management Global
Credit Committee, Risk Management committee, Assets and
Liabilities Committee and Information Technology Steering
Committee where he served as member.
The advancements made by the bank are not without the
inputs of Emefiele who served as executive director in charge
of corporate banking. He as well served in the treasury,
financial control and strategic planning department. He has
been in the management team of Zenith Bank from its
inception.
Via: Leadership Nigerian
No comments:
Post a Comment