UBA's Tony Elumelu takes over Seplat Energy as chairman
The board said the succession plan will support Roadmap 2030 and continuity as Roger Brown retires after 13 years.
- On Tuesday, Seplat Energy announced a structured succession plan, naming billionaire investor Tony Elumelu as Chairman effective January 1, 2027, and veteran energy executive Effiong Okon as Chief Executive Officer starting August 1, 2026.
- Current Chief Executive Officer Roger Brown will retire on July 31, 2026, after a 13-year tenure with the company, while Chairman Udoma Udo Udoma plans to step down on December 31, 2026, to facilitate the transition.
- Elumelu joined the board this January after acquiring a 20.1 percent stake in Seplat through Heirs Energies in a transaction valued at approximately $500 million, establishing his investment foundation.
- Okon brings more than 35 years of global energy industry expertise, having previously served as managing director of ANOH Gas Processing Company and held leadership roles at Royal Dutch Shell.
- Elumelu stated, "The board believes this succession plan will support the company's strategic vision," emphasizing focus on executing the 2030 plan and accelerating growth projects within its portfolio.
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UBA's Tony Elumelu takes over Seplat Energy as chairman
The chairman of United Bank of Africa has emerged as the chairman of Seplat Energy. This will see the billionaire investor assume the position of chairman from January 1, 2027. Whuba’s Tony Elumelu takes over Seplat Energy as chairman. The chairman of the United Bank of Africa has emerged as the chairman of Seplat Energy. This will see the billionaire investor assume the position of chairman from January 1, 2027, while veteran oil and gas execu…
Elumelu named Seplat chairman as Okon appointed CEO
Tony Elumelu will become chairman of Seplat Energy Plc from January 2027, the Nigerian Exchange-listed oil and gas producer announced Tuesday, while simultaneously appointing veteran industry executive Effiong Okon as its new chief executive officer effective August 1, completing a sweeping leadership overhaul driven by the arrival of Heirs Energies as the company's dominant shareholder.The dual announcement, filed with the Nigerian Exchange Lim…
Seplat Energy Appoints Tony Elumelu As Chairman, Names Effiong Okon CEO
Seplat Energy Plc has announced a major leadership transition, appointing renowned businessman and investor Tony Elumelu as the next Chairman of the company while naming Engr. Effiong Okon as Chief Executive Officer. The appointments were disclosed in a notice filed with the Nigerian Exchange Limited (NGX) and signed by the Company Secretary, Edith Onwuchekwa. According […] The post Seplat Energy Appoints Tony Elumelu as Chairman, Names Effiong …
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