{"id":42612,"date":"2020-08-28T14:16:31","date_gmt":"2020-08-28T13:16:31","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=42612"},"modified":"2020-08-28T14:17:07","modified_gmt":"2020-08-28T13:17:07","slug":"arunma-oteh-xavie-rolet-join-seplats-board-as-independent-non-executive-directors","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/arunma-oteh-xavie-rolet-join-seplats-board-as-independent-non-executive-directors\/","title":{"rendered":"Arunma Oteh, Xavie Rolet Join SEPLAT\u2019s Board As Independent Non-Executive Directors"},"content":{"rendered":"

The Board of Directors of\u00a0Seplat Petroleum Development Company Plc (\u201cSEPLAT\u201d or the \u201cCompany\u201d) is pleased to announce the appointment of Ms. Arunma Oteh, and Mr. Xavier Rolet as Independent Non-Executive Directors of the Company, joining the Seplat Board with effect from October 1, 2020.<\/p>\n

\"Seplat<\/p>\n

Ms. Arunma Oteh,\u00a0is a seasoned C-suite executive with several years of experience operating at the highest levels at major multilateral agencies, global financial institutions and in Government. She has been an academic scholar at University of Oxford since January 2019 and a member of the London Stock Exchange Africa Advisory Group since January 2020.\u00a0\u00a0Ms. Oteh served as Treasurer and Vice President of the World Bank from 2015 to 2018.\u00a0\u00a0As\u00a0Treasurer, she led a global team that managed the World Bank\u2019s $200 billion debt portfolio as well as an asset portfolio of $200 billion for the World Bank Group and several public sector clients including 65 central banks. She was responsible for a $600 billion derivatives portfolio used for hedging and risk management purposes. She had oversight over a treasury operation with an annual cash flow of $7 trillion and led an extensive\u00a0public sector financial advisory business, pioneering a number of innovative solutions such as the world\u2019s first ever pandemic bond in 2017 and blockchain public bond in 2018.\u00a0 Ms. Oteh was the Director General\u00a0of the\u00a0Securities and Exchange Commission\u00a0(\u201cSEC\u201d)\u00a0Nigeria from 2010 to 2015. \u00a0As Director General of Nigeria\u2019s apex capital market regulator, \u00a0she was responsible for the regulation of Nigeria’s capital markets, including the\u00a0Nigerian Stock Exchange\u00a0and led\u00a0the rebuilding of the capital markets after the global financial crisis.\u00a0\u00a0She also served on Nigeria\u2019s Economic Management team, chaired by the Nigerian President.\u00a0\u00a0\u00a0Previous to SEC Nigeria, she worked at the Africa Development Bank for 17 years in a variety of roles including Group Vice President, Corporate Services (2006 to 2009) and Group Treasurer (2001 to 2006). Her career started in 1985 at Centre Point Investments Limited, a\u00a0Nigerian investment bank.\u00a0 Ms. Oteh has also served on several Boards, notably, the International Organization of Securities Commissions(2010 to 2015) which regulates 95% of the world\u2019s securities markets.\u00a0\u00a0She obtained a first class honours degree in Computer Science, from University of Nigeria\u00a0Nsukka\u00a0\u00a0in\u00a01984\u00a0and a Master\u2019s degree in Business Administration, from Harvard Business School\u00a0in 1990.<\/p>\n

She was also named the 2014 Ai Capital Market Personality of the Year, and among New African\u2019s \u201c100 Most Influential Africans of 2015\u201d.\u00a0\u00a0In 2018, she was honoured as the Ai Global Institutional Investment Personality of the Year, and in 2020, was named both the top 100 people in the UK of African heritage, by Power list and Africa top 50 women by Forbes.<\/p>\n

Mr. Xavier Rolet, is an experienced CEO, Co-Founder, and Entrepreneur. Named as one of the 100 Best CEOs in the World in the 2017 Harvard Business Review, Mr. Rolet has demonstrated a history of successful turnarounds in the global financial services industry. In his decade at the helm of the London Stock Exchange, the LSE\u2019s market valuation rose from \u00a3800m to more than \u00a315bn, transforming it into one of the world\u2019s largest exchanges by market capitalization. He is currently the Chairman, Board of Directors at Phosagro PJSC, a member of the Board of Directors of the Saudi Stock Exchange Tadawul as an appointee of the Public Investment Fund, and an Expert Adviser to the Shanghai Institute of Finance for the Real Economy. He has held various senior positions in the financial services industry throughout his career: CEO of CQS, a global hedge fund; CEO of Banque Lehman Brothers in Paris; co-head of Global Equity & Derivatives Trading at Lehman Brothers New York; Global Head of Risk and Trading at Dresdner Kleinwort Wasserstein; Vice-President, International Equity Risk Arbitrage at Goldman Sachs New York; and co-Head of European Equities Sales and Trading at Goldman Sachs International Ltd in London. Mr. Rolet received his post-graduate degree in Defense Studies and Economic Intelligence from Institut des Hautes \u00e9tudes de d\u00e9fense Nationale (\u201cIHEDN\u201d), an MBA in International Finance from Columbia Business School, and an MSc in Management from Kedge Business School. Mr. Rolet is an Honorary Knight Commander of the Order of the British Empire (KBE), a Knight of the National Order of the Legion of Honour of France, an Officer of the Royal Sharifian Order of Al-Alawi, and a Member of the Order of Friendship of the Russian Federation.<\/p>

\r\n
Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

Commenting on the appointments,\u00a0Dr. Bryant Orjiako, Chairman of SEPLAT said:<\/p>\n

\u201cThe Board of SEPLAT is delighted to be joined by two such distinguished international business leaders. Both Arunma Oteh and Xavier Rolet bring extensive expertise in the fields of regulation, capital markets and business governance and their knowledge and wisdom will be a great addition to our Board. SEPLAT has a great future ahead and I look forward to the immense contribution they will make towards the continuing success of the Company .\u201d<\/p>\n

This announcement is being made in accordance with Rule 4 of the Nigerian Stock Exchange Amended Listing Rules\u00a0and Rule 9.6.11 of the UK Listing Rules.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Board of Directors of\u00a0Seplat Petroleum Development Company Plc (\u201cSEPLAT\u201d or the \u201cCompany\u201d) is pleased to announce the appointment of Ms. Arunma Oteh, and Mr. Xavier Rolet as Independent Non-Executive Directors of the Company, joining the Seplat Board with effect from October 1, 2020.<\/p>\n","protected":false},"author":6,"featured_media":17796,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23],"tags":[4249,3103,5840],"coauthors":[2391],"class_list":["post-42612","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","tag-arunma-oteh","tag-seplat-oil","tag-seplat-petroleum-development-company"],"yoast_head":"\nArunma Oteh, Xavie Rolet Join SEPLAT\u2019s Board As Independent Non-Executive Directors - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/arunma-oteh-xavie-rolet-join-seplats-board-as-independent-non-executive-directors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arunma Oteh, Xavie Rolet Join SEPLAT\u2019s Board As Independent Non-Executive Directors - National Wire\" \/>\n<meta property=\"og:description\" content=\"The Board of Directors of\u00a0Seplat Petroleum Development Company Plc (\u201cSEPLAT\u201d or the \u201cCompany\u201d) is pleased to announce the appointment of Ms. Arunma Oteh, and Mr. Xavier Rolet as Independent Non-Executive Directors of the Company, joining the Seplat Board with effect from October 1, 2020.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationalwire.com.ng\/sub\/arunma-oteh-xavie-rolet-join-seplats-board-as-independent-non-executive-directors\/\" \/>\n<meta property=\"og:site_name\" content=\"National Wire\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-28T13:16:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-08-28T13:17:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/10\/Oteh-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"340\" \/>\n\t<meta property=\"og:image:height\" content=\"226\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Friday Ekeoba\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/\",\"name\":\"National Wire\",\"description\":\"About Nigerians, Nigerian Business and Other Stories\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/arunma-oteh-xavie-rolet-join-seplats-board-as-independent-non-executive-directors\/#primaryimage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/10\/Oteh-1.jpg\",\"contentUrl\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/10\/Oteh-1.jpg\",\"width\":340,\"height\":226,\"caption\":\"Arunma Oteh, vice president and treasurer of the World Bank, speaks during an interview in Tokyo, Japan, on Wednesday, May 11, 2016. 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