Frank Nneji, founder and managing director of Associated Bus Company (ABC) Transport Plc, has retired, the company said Tuesday.
Mr Nneji retired effective June 30, the company said in a regulatory filing seen by Pluboard.
He served as the MD/CEO of the company from its inception in 1993, leading ABC to become the first transport firm in Nigeria to be listed as a public company.
“He successfully navigated the Company through its different stages of growth to its present position in the Transportation and Logistics sector,” the company said.
Mr Nneji will continue to serve as a non-executive director on the company’s board.
“The Board of Directors hereby expresses its gratitude to Mr. Frank Nneji for all his sacrifices, innovations and outstanding vision which has placed the Company at its present height in the transportation and logistics sector,” it said.
– Jude Nneji takes over
The transporter named Jude Nneji as the acting managing director/chief executive officer of ABC Transport Plc effective July 1. Jude Nneji is said to be the brother of the founder.
Mr Nneji holds a bachelor’s degree in pharmaceuticals from the University of Nigeria, Nsukka. Before his appointment, he was the company’s deputy managing director and had been on the company’s board for over 18 years.
“He steps into this new role with over 27 years of experience in professional Transportation and Logistics. He attended the Advanced Management Programme (AMP 14) and Chief Executive Programme (CEP 21) at the Lagos Business School,”the firm said.
“He has undergone several trainings in the transportation and logistics sector locally and internationally. He served under the retiring MD/CEO and has been in the Company from its inception. The Board wishes him the very best in his new role.”
Nneji was a candidate for the All Progressives Grand Alliance (APGA) in the Imo State Gubernatorial election for 2019.
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