Nigerian Breweries Plc has announced changes to the composition of its board of directors with the resignation of the chairman, Mr Asue Ighodalo.
The company’s secretary, Mr Uaboi Agbebaku, made this known via a notification to the Nigerian Exchange Ltd on Friday in Lagos.
Agbebaku said Ighodalo informed the company of his decision to resign and offer himself for public service.
He said Ighodalo would be resigning from the board and in his capacity as chairman, in line with proper corporate governance practice, on December 31, 2023.
Agbebaku quoted Ighodalo as saying that the decision came with mixed emotions, of a painful sacrifice to enable his full devotion to the new cause.
“It is with heartfelt regret that I announce my resignation as the Chairman of the Board of Nigerian Breweries Plc effective Dec. 31, 2023.
“After extensive deliberations, I have decided to offer myself for public service to our dear country.
“It is my pride to have been part of such a formidable organisation well-positioned to meet the opportunities and challenges in Nigeria’s ever-changing business environment,” he said
The decision by Edo State Governor, Godwin Obaseki to support Ighodalo against his deputy, Philip Shuaib has polarised the People’s Democratic Party in the state.
Ighodalo’s resignation is coming ahead of the February 2024 primary elections and in order to beat the 30-day deadline set for those engaged in either public or private concerns to resign.