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President Buhari appoints new NNPC board chairman

President Buhari appoints new NNPC board chairman

President Muhammadu Buhari has dropped Dr Ibe Kachikwu and replaced him with Dr Thomas John as the acting alternate chairman of the Governing Board of the Nigerian National Petroleum Corporation, NNPC.
Maikanti Baru, NNPC’s group managing director, announced this in Abuja yesterday. He said that the new board chairman would hold the position until the appointment of a new minister or minister of state for petroleum resources by the president.
The new chairman’s appointment was with immediate effect.
Dr John was a former group managing director of the NNPC. Before his new appointment, he was a member of the NNPC Governing Board.
Baru said: “He (John) will hold the position of the Acting Alternate Chairman of the Governing Board until a new Minister of Petroleum Resources or Minister of State for Petroleum Resources is appointed to assume the Chairmanship or Alternate Chairmanship position, respectively in line with Sections 1(3) and 2(1) of the NNPC Act. The new appointment takes effect immediately.”
Last week, President Buhari appointed Mr Mele Kyari as the new Group Managing Director of the corporation, who would assume office after the end of the current GMD’s tenure on July 7, 2019.
Seven new Chief Operating Officers were also appointed for the corporation.

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