THUR MAY 02 2024-theGBJournal| Presco Plc Board of Dorectors has appointed Mr Rasheed Sarunmi, Founder and Managing Director of Saroafrica Limited, seasoned banker Titi Oshuntoki and Chartered Accountant Abdul Bello as new Directors.
Presco is a fully-integrated agro-industrial establishment with oil palm plantations, palm oil mill, palm kernel crushing plant and vegetable oil refining and fractionation plant
While Sarunmi is named the new Chairman of Presco Board, their appointment comes after the Presco Board accepted the resignations of Mr Van Gysel, Mr Sam Sabbe and Mr. Mano Demuere as directors of Presco Plc.
The trio are well respected leaders in their industries, and their appointment bring further diversity of experience that Presco Board said ”will combine well with existing strengths to drive Presco’s strategic growth ambitions into the future.”
Rasheed Sarunmi founded and currently is the managing director of Saroafrica, an agro-industrial and consumer Goods Group, with various subsidiaries including Oak & Saffron Limited.
He is also the Chairman of the Board of Trustees of the large-scale Cassava and Derivatives Processors in Nigeria as well as Chairman of Oil Palm Investors Group, Edo State.
Mrs Titi Osuntoki comes in with over three decades of experience in the banking and finance and was a pioneer staff of GT Bank where she rose to the position of Executive Director She joined Access from where she bowed out in 2019 as an Executive Director.
She is the Chairman of Saro Oil Palm Limited, Chief Executive Officer of GTO Professional Services, Non-Executive Director of Access Bank Plc, Coronation Insurance Plc and Konga Online Nigeria Limited as well as Richardson Oil and Gas Limited.
Chartered Accountant, Abdul Bello spent 30 years at UACN Group where he held top positions as Managing Director of CAP Plc, Managing Director of UPDC Plc, Group Executive Director/Chief Financial Officer of UACN Plc and Group Chief Executive Officer of UAC of Nigeria Plc.
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