Business News of Tuesday, 31 December 2019
The Ghanaian corporate landscape saw a number of movements as key personnel got new appointments, while some left their roles for various reasons. In this piece, we take a look at some of the corporate movements that made the headlines.
Patricia Obo-Nai, Vodafone Ghana
For Ghanaians, the appointment of Patricia Obo-Nai as Chief Executive of Vodafone Ghana to replace Yolanda Cuba was a proud moment. Vodafone Ghana has not had a Ghanaian CEO and Patricia’s appointment not only made her the first Ghanaian to lead the company, but the first Ghanaian woman to hold that position.
An Engineer by profession, she comes into her new role with 22 years of experience in Information Technology (IT) and Telecommunications. In addition, she has extensive commercial experience in the telecommunications industry.
She was appointed in February 2019, while her appointment took effect in April 2019.
Anthony K Sarpong, KPMG
KPMG is regarded as one of the top four audit firms in the world, and its business in Ghana is crucial to its African operations.
Having served for more than 40 years, Nii Amanor-Dodoo retired as the Senior Country Partner, and in his place Anthony K. Sarpong was appointed.
In his new role, Mr. Sarpong took the reins of the largest professional services firm in Ghana and now leads a team of about 400 skilled professionals working in the firm’s audit, tax and advisory businesses.
Rosy Fynn, Busy
Rosy Fynn, who has had a number of stints in several top positions in the telecommunications sector was appointed Chief Executive of Busy 4G mobile broadband service provider.
Ms. Fynn holds a first degree in Computer Science and Mathematics from Smith College, and an MBA from the Harvard Business School, both in Massachusetts, USA.
Rosy comes into this new role with a wealth of strategic and operational business leadership experience honed internationally and locally.
Phillip Owiredu, CAL Bank
The highly instrumental CEO of Cal Bank, Frank Adu, takes a bow after leading the bank to become one of the most formidable local banks in the country.
The Board of Directors of CalBank have announced the nomination of Philip Owiredu as the new Chief Executive Officer (CEO) of the bank pending the Bank of Ghana’s approval.
In an official press release, the directors of the Bank stated that Mr. Owiredu would assume office on January 1, 2020, should BoG approve of him to take over from Frank Adu who retires on December 31, 2019.
Theophilus Ahwireng, MODEC
Former CEO of the Petroleum Commission, Theophilus Ahwireng, also got appointed as the Managing Director of MODEC Production Services Ghana JV Limited, one of the top oil and gas firms operating in the country.
His appointment took effect in late April 2019.
A statement from MODEC confirming the appointment described Mr. Ahwireng as, “a seasoned technical and business leader with three decades of experience in the Upstream Oil and Gas industry as well as the extractive industry.”
Kweku Awotwi, Tullow Plc
Kweku Andoh Awotwi, Managing Director of Tullow Ghana, was promoted to Executive Vice President of Tullow Oil plc, following a reorganization of the Group structure.
The Tullow Ghana Business, which was formerly part of Tullow’s West Africa Business, was made a standalone business under the new Group structure. This reflects the materiality and importance of TGL within Tullow, and underlines the Group’s long-term commitment to Ghana.
Henry Baye, Standard Chartered Bank, Jersey
Standard Chartered Bank appointed Henry Baye as the new Chief Executive Officer in Jersey.
Henry Baye brings with him 22 years’ experience across Distribution, Wealth Management and Personal Lending.
Most recently, he was Standard Chartered Bank, Head of Retail Banking, Ghana and West Africa.
Commenting on his new role, he said: “Our Jersey business is one of the most unique examples of a platform for prosperous relationships. The business is uniquely positioned to deliver on the Bank’s refreshed strategic priorities. We will focus on bringing digital innovations that will help us deliver an improved client experience.
Prof. John Gatsi, University of Cape Coast
While a lot of movement does take place in academia, this one quite stood out. Prof. Gatsi, who is the immediate past Head of the Finance Department at the University, took over from Prof. Edward Marfo-Yiadom as the Dean of the University of Cape Coast Business School.
The Business School has six departments covering Accounting, Finance, Management, Human Resource Management, Marketing & Supply Chain Management and Center for Entrepreneurship and Small Enterprise Development.
As an academician and a lecturer; he has contributed to the world of knowledge and the training and development of many young Ghanaians.
Prof. Peter Quartey, ISSER
Economist and senior lecturer at the University of Ghana, Prof. Peter Quartey, got the nod to lead the Institute of Statistical, Social and Economic Research (ISSER).
Professor Peter Quartey holds a PhD in Development Economics from the University of Manchester (UK), MSc in Quantitative Development Economics (University of Warwick, UK), MPhil. Economics (Ghana), and BA Economics (Ghana).
He is a Professor of Economics and the immediate past Head, Department of Economics and Director (Economic Management Programme), University of Ghana.