Cutix notifies NGX of sudden government shake-up

Cutix Plc has formally notified the Nigerian Alternate Restricted, its shareholders, and the investing public of a major transition inside its top-tier administration, a strategic transfer aimed toward making certain organisational stability.

The Nnewi-based cable manufacturing large confirmed the departure of its Chief Govt Officer, Mrs Ijeoma Oduonye, and its Chief Monetary Officer, Mr Chidi Onwudiwe, efficient 5 March 2026.

To take care of operational momentum, the Board has tapped inside veterans to guide in performing capacities whereas a proper seek for substantive successors is performed.

“The Board of Administrators acknowledges their interval of service and their respective contributions to the Firm throughout their time with the organisation,” the official assertion to the NGX learn.

“Mrs Igbokwe joined Cutix Plc in 1992 and has constructed a distinguished profession.

Her broad cross-functional expertise has contributed considerably to operational effectiveness and company efficiency,” the assertion added.

Concerning the interim monetary management, the Board famous, “Mrs Okonkwo is predicted to leverage her skilled data and expertise to strengthen the organisation’s monetary reporting processes and guarantee strict adherence to regulatory necessities.”

A stalwart of the corporate for over three many years, Igbokwe steps into the performing CEO function from her earlier place as Assistant Basic Supervisor and Head of Technique and Planning. With a tutorial background from Federal Polytechnic Oko and ongoing postgraduate research at Chukwuemeka Odumegwu Ojukwu College, she brings a wealth of expertise throughout finance, administration, and human assets.

Equally, Okonkwo, a Chartered Accountant and University of Nigeria, Nsukka alumna, is tasked with sustaining the corporate’s popularity for monetary transparency. Her focus will stay on high-standard company monetary administration throughout this interim interval.

The announcement, signed by Firm Secretary Chinwendu Nwokporo, underscores Cutix Plc’s dedication to transparency and regulatory compliance. By elevating inside leaders who possess deep institutional data, the Board goals to reassure traders of a “enterprise as ordinary” strategy regardless of the exit of two key principal officers.

The corporate confirmed that the method for appointing a substantive CEO and CFO is “at present underway”.