Wednesday, July 23, 2008

Iseghohi becomes new NITEL chairman

The management of the Transnational Corporation (TRANSCORP) of Nigeria Plc, has announced the appointment of the Group Managing Director (GMD), Transcorp, Mr. Tom Iseghohi as the new chairman of the Nigerian Telecommunications Limited (NITEL).

Confirming this development, Vice President, Corporate Communications at Transcorp, Mr. Adedayo Ojo, said it is in continuation of the ongoing resuscitation plans for NITEL. Just as the Mr. Iseghohi lead the NITEL management to visit the Saka Tinubu Exchange of NITEL, last week.

Ojo also said that the naming of Iseghohi as the new NITEL chairman was part of the exclusive rights of Transcorp has as the majority stake owner in NITEL.

This, he said, includes the appointment of five directors as well as the chairman.
During his first official outing as NITEL chairman, Mr Iseghohi and his team were conducted round the exchange facilities at the exchange; consisting of the building housing the Private Telephone Operators (PTO) interconnect facility which was partly torched by fire over a forthnight ago.

Satisfied with the level of commitment displayed by the NITEL staff, Iseghohi commended the employees, assuring that the management had taken cognizance of the high level of their desire to see a new NITEL.

NITEL, he noted, may not have found itself in a friendly situation today, but the time is coming when the company would reclaim its leadership position in the nation’s telecommunications sector.

“To some that time is far from the reach, but to me and other members of the Transcorp management very soon the tide would change in favour of the stakeholders,” he assured.

Iseghohi further stated that it is not a bad idea to face challenges because they mould you and make you better, stressing, “But it is worse to waste the experience gained during the trying period like this without coming out better refined.”

He, therefore promised the staff at the exchange that the management would ensure installation of a new PTO room; one that would be equipped with adequate fire walls and security devices.

ITRealms Online recalls that Transcorp recently sacked the former NITEL chairman, Chief Ferdinand Alabraba. However, Iseghohi career, spans structuring and analyzing hundreds of global, regional and domestic investment opportunities and specific portfolio risk management decisions.

Until his appointment as Group Managing Director of Transcorp and now chairman of the NITEL board, Mr. Iseghohi was an Executive Vice President at the Hudson Consulting Group, a New York based Commercial and Governmental firm that focuses on Deal Analysis, Deal Creation, Transaction Facilitation, Strategy, Executive Coaching and Transformational Consulting.

Mr. Iseghohi has also been an executive in three of the most respected and successful companies in the world; Ford Motor Company, $176 billion in annual revenue, Pepsi-Cola Company, $20 billion in annual revenue and American Express Group of Companies with $23 billion in annual revenue.

Mr. Iseghohi obtained his undergraduate degree in Accounting and Computer Science from Bethune-Cookman College in 1985 and his MBA in Finance and International Business from the Ohio State University in 1989. He completed the Executive Marketing Program at Duke University Graduate School in 1999 and The Kellogg (Northwestern) School of Management’s Executive Board Program in 2005 as well as Chartered Accountancy since 1993.

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