Showing posts with label Chairman. Show all posts
Showing posts with label Chairman. Show all posts

Tuesday, October 21, 2014

Total's chairman/CEO Christophe de Margerie dies in plane crash

Christophe de Margerie, the Chairman and CEO of giant oil company, Total, died in plane crash last night October 20th in Russia. He was 63.

According to a statement released by airport authorities early this morning, de Margerie's private plane collided with a snowplow on the runway of Vnukovo International Airport in Moscow as it was accelerating for takeoff just a few minutes before midnight. They also said in the statement that the driver of the snowplow was intoxicated. The business jet's three crew members also died.

The chief executive who was based in Paris, France had gone to Russia to attend a meeting of corporate executives with Prime Minister Dmitri A. Medvedev and was returning to Paris when the accident occurred. He is survived by a wife and children. May his soul rest in peace....

Saturday, August 3, 2013

Amcon of Nigeria Reaches Debt Accord With Ecobank Chairman

The Asset Management Corp. of Nigeria, created by the government to get lenders'bad loans, said it reached an agreement with Ecobank Transnational Inc. (ETI) Chairman Kolapo Lawson over outstanding debts.

Lawson is in “good standing” with the Asset Management Corp., known as Amcon, spokesman Kayode Lambo said by telephone from Lagos, Nigeria, today. Amcon “will require other measures” should Lawson not honor the deal's terms, he said, declining to give further details.

Nigeria's Securities and Exchange Commission will meet with the board of Ecobank, based in the united kingdom of Togo, on Aug. 5 to go over governance, Obi Adindu, a spokesman for the SEC, said by telephone from Abuja, Nigeria's capital. Lawson owes Amcon 1.2 billion naira ($7.5 million), the Financial Times said last month, citing unidentified people acquainted with the matter. Agbara Estate, a Nigerian property company chaired by Lawson, has “long outstanding” debts of 1.6 billion naira to Ecobank's Nigerian unit, the newspaper said.

Amcon was create in 2010 after a debt crisis threatened the country's banking industry. It owns 10.7 percent of Ecobank's unit in Nigeria, according to data compiled by Bloomberg.

Founded in 1985, Ecobank has expanded into France and 34 African countries. It's representative offices in Beijing, Dubai, Johannesburg, London and Luanda, Angola. The bank's assets were $21 billion at the conclusion of June.
Ecobank's shares rose around 1 percent in Lagos before closing unchanged at 14.6 naira. They increased 29 percent this season, in contrast to a 22 percent gain for the 10-member Nigerian Stock Exchange Banking 10 Index.