The Board of Directors, Transnational Corporation of Nigeria (Transcorp) Plc, has formally announced the appointment of Mr Oliver Andrews, as an Independent Non-Executive Director.
Mrs Kofo Olokun-Olawoyin, secretary of the board posted the notice on the website of the Nigerian Exchange Limited (NGX).
The notice explained that the appointment, was in pursuant to the provisions of the Companies and Allied Matters Act and Article 31 of the Articles of Association of Transcorp.
Andrews has over 35 years experience in infrastructure development, investing, public-private partnerships and strategic advisory work, such as advising and partnering with governments, regional, international corporations and development finance institutions.
The notice read in part: “During his career, in differing senior roles, he has overseen the investment of approximately, 10 billion dollars and originated 100 billion dollars of infrastructure deals across the African continent, on behalf of investee institutions.
“Mr Andrews was formerly Executive Director and Chief Investment Officer, at the Africa Finance Corporation (AFC), one of the biggest investors in infrastructure solutions in Africa, where he oversaw the growth of assets under management, from one billion dollars to over 8.4 billion dollars, including significant investments in the energy and natural resources sector.
“In addition, Andrews pioneered the project development asset class at AFC and led the strategic formulation and business development, portfolio management and execution of investments.
“He previously served as CEO of TCI Infrastructure and the Gambia Ports Authority,” it added.