Seplat Energy Plc has announced key board and executive management changes, including a leadership succession plan that will see Mr Tony Elumelu emerge as chairman effective January 1, 2027.
According to the company’s corporate disclosure, the changes are aimed at strengthening its growth trajectory while ensuring continuity in strategy and governance. The board disclosed that the Chief Executive Officer, Mr Roger Brown, will retire from his role and as a board director on July 31, 2026.
On the chairman succession, the board said the incumbent, Senator Udo Udoma, has given notice of his intention to retire on December 31, 2026.
The board subsequently confirmed Elumelu as the incoming chairman.
It said, “The board has accordingly elected Mr Tony Elumelu as the next Chairman of Seplat Energy, effective January 1, 2027. Mr Elumelu, who joined the board in January 2026, is the Founder and Chairman of Heirs Holdings, which has a 20.07 per cent shareholding in Seplat Energy.”
Heirs Holdings is a diversified investment company, with interests across strategic sectors of the African economy, including energy, power, banking, insurance, technology, real estate, hospitality, and healthcare.
It added, “Mr Elumelu has a multi-decade track record of value creation in listed and non-listed entities. Mr Elumelu is also a distinguished philanthropist, globally recognised as one of the leading voices on Africa’s transformation and governance agenda.”
According to the statement, the outgoing CEO, Brown, had led Seplat Energy through a period of strategic expansion and transformation, including the acquisition of Mobil Producing Nigeria Unlimited.
It noted that “during Mr Brown’s 13-year tenure, initially as the company’s CFO through its landmark dual listing in 2014 and for the past six years as CEO, Seplat Energy has grown significantly through a combination of financial discipline, asset development and successful acquisitions, including Eland Oil and Gas in 2019 and the transformational acquisition of MPNU in 2024.”
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