29th November, 2010
The Managing Director ofÂ Nigerian Aviation Handling Company Plc (nahcoaviance), Mr.Bates Sarki Sule has resigned.
P.M.NEWS learnt that Batesâ€™ resignation was endorsed by Nahcoavianceâ€™s Board of Directors on Friday.
It was gathered that Mr. Kayode Ojo, the Executive Director; Finance and Strategic Planning is to act as the new Managing Director/ CEO of the company.
Nahcoâ€™sÂ Head of Human Resources/Corporate Communication, Ms Becky Igyuse confirmed Batesâ€™resignation and Ojoâ€™s appointment.
Mr. Sule was the pioneer Managing Director/CEO under whose tenure the company became publicly quoted on the Nigerian Stock Exchange and the Company turnover and profitability grew fromÂ N3billion to overÂ N6billion andÂ N317.7Million toÂ N1.2billion, respectively.
Equally, nahcoaviance has recently embarked on transformation and repositioning exercise which are aimed at increasing efficiency and service quality.
The acting Managing Director/CEO, Mr. Ojo, joined nahco aviance in February 2010Â and has been described as a seasoned financial expert with 22 years experience in corporate and investment management.