Obi of Onitsha Nnaemeka Achebe has resigned as non-executive director and chairman of the board of directors of Unilever Nigeria Plc.
The board announced his resignation in a notice signed by the company secretary Afolasade Olowe and addressed to the Nigerian Exchange Limited (NGX).
The 82-year-old’s resignation will take effect from December 31, 2023.
The notice reads: “This is to notify the Nigerian Exchange Limited and investing public that the Board of Directors of Unilever Nigeria Plc has considered and approved the resignation of His Royal Majesty, Nnaemeka A. Achebe, CFR, mni, Obi of Onitsha, as a non-Executive Director and Chairman of the Board with effect from 31st December 2023.
“The Board of Directors wishes His Royal Majesty all the very best in his retirement and would like to express their sincere gratitude to him for his leadership and the many valuable contributions he brought to the Board over the past two decades since his appointment in March 2003.”
The notice added that the monarch’s replacement on the board would be announced in due course.
Achebe is on the board of several companies including International Breweries Plc and Coscharis Farms Ltd.
He was previously chairman of Universal Insurance Plc, chairman of the Southeast Council of Traditional Rulers, chairman of Diamond Bank Plc, chairman of Intafact Beverages Ltd., and chancellor of Kogi State University.
He bagged an undergraduate degree from Stanford University and an MBA from Columbia University in New York.
