Union Dicon Salt Plc has appointed Florence Iroye as the Acting Managing Director of the Company following the death of erstwhile MD, H. I. Mgbemena.
A statement on Monday by the company said the appointment had since taken effect from 1st March 2022.
Iroye comes to the role with adequate industry experience replaced H. I. Mgbemena whom passed away on 30th of January 2021,
“Union Dicon or the Company) wishes to notify its esteemed Shareholders, Nigerian Exchange Limited and the investing public that Florence Iroye has been appointed as the Acting Managing Director of the Company with effect from 1st March 2022,” the statement reads.
“Florence Iroye joined Union Dicon Salt Plc in January 2008 as Legal/Documentation and Compliance Officer. Thereafter, the same year, she was appointed as the Company Secretaryof the Company. In carrying out her duties, she ensured that the Company complied with financial and legal requirements as well as maintaining the standard of Corporate Governance in the Company and liaised with Regulatory Bodies like the Securities and Exchange Commission (SEC), NGX Regulation Limited (NGX RegCo), the Financial Reporting Council of Nigeria (FRC), among others in addition to dealing with Board and Board relatedmatters.
“She is a member of the Nigerian BarAssociation and registered with FRC,” the company added.
The company further stated that “Alfred E. James has been appointed as the Company Secretary of the Company witheffect from 1st March 2022.
Barr. Alfred E. James have been in active legal practice both privately and corporately. Heserved as an associate in the firm of F. Okey Ogbu & Co. Legal Practitioners and Solicitorswhere he specifically managed the Corporate and client’s property portfolias of the firm.
“He cut his teeth in Corporate Governance and Corporate Legal Services from 2006-2008when he worked in the firm of Pheola Caulcrick and Co. who were the Company Secretariesto Berger Paints Plc, Kajola Investment Company and Protea Hotels.
Union Dicon Salt plc is a Nigeria-based company. The Company is engaged in the processing of crude salt for wholesale. It has 472 distributors across Nigeria. The Company has acquired 100% shares of Witt & Busch Limited. As of fiscal year ended July, 31, 2000 (fiscal 2000), the Company acquired 40 per cent of Supreme Lace Limited. The Company was listed on The Exchange since 23rd September, 1993.
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