News & insights
The Board of Directors of Seplat Petroleum Development Company Plc (“Seplat” or the “Company”) is pleased to announce the appointment of Mr. Emeka Onwuka as Chief Financial Officer (“CFO”) and Executive Director of the Company, joining the Seplat Board with effect from August 1, 2020.
As we monitor developments on the Coronavirus (COVID-19) pandemic in Nigeria and around the world, the health and safety of our employees, communities, partners and other stakeholders remain our top priority.
The Seplat Chairman said this while addressing shareholders and other stakeholders during the company’s 7th Annual General Meeting held in Lagos on Thursday, where the Board announced a dividend distribution for shareholders with US$59 million paid out in the 2019 calendar year (10 cents per share).
The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Mr. Simbi Wabote, says Seplat Petroleum Development company Plc has not broken any law by its appointment of Mr. Roger Brown as CEO-Designate to replace current CEO, Mr. Austin Avuru.
Our 2018 Annual Report demonstrates our differentiated offering, as an indigenous business with an international profile. Through strong management and strategic development, we show this across three key areas; financial strength and flexibility, production capability, and portfolio diversity.