Nigeria, June 26 -- Chams Holding Company Plc has announced the appointment of Segun Oloketuyi as the Chairman of its Board of Directors, effective 9 July.

The board approved the appointment in line with the company's governance processes and applicable regulatory requirements, Chams Holding stated in a regulatory filing on Friday.

Mr Oloketuyi's appointment comes as the tenure of the Founder of the Chams Group, Demola Aladekomo, ended after 40 years of strategic leadership at the company.

"The Board expresses its sincere appreciation to the outgoing Chairman for his invaluable contributions, exemplary leadership, and dedicated service to the Company," Chams Holding stated.

Before his appointment, Mr Oloketuyi served as a Non-Executiv...