The 24th Annual General Meeting of Red Star Express Plc will hold on Thursday next week, as the company bids to, once again, pay dividends to its shareholders. This year’s AGM will be held at the Muson Centre, Lagos Island, Lagos.
This year’s AGM will witness new developments as two new directors will be added to the Board of Directors; Suleiman Barau and Chioma Sideso. Sulaiman Barau is the former Deputy Governor of the Central Bank of Nigeria (CBN) having retired after two terms in December 2017. He is a seasoned banking professional who has worked in top capacities for some of the top Nigerian banks over a 17-year period. Chioma Sideso comes into the Board with a massive pedigree as one of Nigeria’s finest strategic business leaders. Her distinguished career has seen her work with companies of global repute such as Marks and Spencer UK and Barclays bank. She also served as the Managing Director of NSIA Insurance Limited.
Another key development regarding the Annual General Meeting is the retirement of some distinguished Board members. They include the honourable Chairman, Dr. Mohammed Koguna, and two Non-Executive Directors, Isaac Orolugbagbe and Dr. Chris Ogbeche. Dr Koguna has served in this capacity for over 25 years, leading the company from being a start-up to becoming the billion naira venture it is today. Isaac Orolugbagbe was the Managing Director of the company between 1997 and 2007. Under his leadership, Red Star Express became a billion-naira company for the first time since being established in 1992. Dr Ogbeche’s professional experience spans various disciplines including Marketing, Sales, Management, Entrepreneurship, Consulting and Academics. He also sits on the board of Diamond Bank Plc.