Ifeyinwa Ugochukwu appointed CEO of Tony Elumelu Foundation
Trending Story

Ifeyinwa Ugochukwu appointed CEO of Tony Elumelu Foundation

172

…..Former CEO Parminder Vir appointed on Foundation’s board.


The Board of Trustees of the Tony Elumelu Foundation, Africa’s leading philanthropic organisation empowering African entrepreneurs, announced the appointment of Ifeyinwa Ugochukwu as Chief Executive Officer at the end of its Board Meeting on December 12. This appointment takes effect from April 1, 2019.


Ifeyinwa will lead the team in scaling the impact of the Foundation which is globally recognised for pioneering a new approach to philanthropy with its USD$100 million commitment to empowering African entrepreneurs. The Foundation’s mission is rooted in Africapitalism, which positions the private sector as the key enabler of economic and social wealth creation in Africa, the foundation said in a written statement sent to journalists.
Ifeyinwa served as Director of Partnerships of the Tony Elumelu Foundation since November 2017 and succeeds Parminder Vir, OBE, who has been elevated to the Advisory Board of the Foundation. In her new role as CEO, Ifeyinwa will leverage her expertise, experience and network to provide strategic leadership in realising the Foundation’s goal of transforming Africa through entrepreneurship.


Speaking on the appointments, Tony O. Elumelu, CON, Founder, the Tony Elumelu Foundation stated: “As Director of Partnerships, Ifeyinwa demonstrated strong leadership and strategic thinking in delivering the Foundation’s mission to transform Africa, securing major partnerships that scale the impact of the Foundation beyond its targeted 10,000 entrepreneurs.  She is the perfect candidate to build on Parminder’s immense contribution.” 


“On behalf of the Board, I also commend Parminder, fondly known as the mother of African entrepreneurs, for her notable achievements, significant sacrifice and commitment to building and empowering the next generation of African business leaders. I warmly welcome her to the Board,” Mr. Elumelu concluded.


In response, Parminder said: “In the last five years, we have empowered a generation of young Africans with the training, tools and opportunities to launch the continent into prosperity. As CEO, it has been my profound joy to support thousands of young people whose ideas are transforming Africa. I am therefore honoured to join the Tony Elumelu Foundation Advisory Board to contribute to the many more success stories that will emerge out of Africa.” 


Accepting her appointment, Ifeyinwa said: “In my former role within the Foundation, I witnessed first-hand the potential of entrepreneurship in tackling Africa’s key challenges – unemployment and poverty. Our recently launched TEFConnect, the digital networking platform connecting African entrepreneurs, investors and mentors for business success will further achieve our Founder’s goal of democratising luck across the continent and fostering business beyond physical borders. I am honoured by the opportunity to build on Parminder’s legacy and launch the Tony Elumelu Foundation into its next phase of growth.”


Prior to joining the Tony Elumelu Foundation, Ifeyinwa served as a management consultant for the Enterprise Development Centre at the Pan-Atlantic University. She sat on the Board of Women Empowerment and Children Relief in Africa, a Cape Town-based non-profit focused on enhancing the economic welfare of women. Ifeyinwa holds a Bachelor of Law degree from the University of Wales, and a Post Graduate Degree in Business and Executive Coaching from the Integral Africa Institute, Cape Town. She is an associate of the Chartered Institute of Arbitrators, Nigeria.

Leave a comment

Related Articles

Dani Alves pays €1m bail, set to leave Spanish jail

Former Brazil and Barcelona star Dani Alves, convicted of rape in Spain,...

World TB Day: 70 percent of TB cases in Africa now being diagnosed and treated – WHO

The World Health Organization (WHO) has disclosed that about 70 percent of...

13th AAG: Tobi Amusan wins gold in women’s 100m hurdles

The Nigerian sprint star, Tobi Amusan, won gold in the women’s 100m...

FG approves N12.7bln for mass metering of army barracks nationwide

The Federal Government says it has released N12.7 billion to provide electricity...

Women’s Day: Tinubu felicitates women, vows to prioritise their welfare, rights

President Bola Tinubu has promised to prioritize the welfare of women, protect...

All African Games: Nigeria’s Flying Eagles start their campaign on a losing note

The Flying Eagles of Nigeria started their campaign in the men’s football...

EFCC sets up task force to combat dollarization of economy, mutilation of naira

The Economic and Financial Crimes Commission (EFCC) has announced the setting up...

How Bafarawa diverted N4.6bln from ex-NSA for prayers, election, acquire luxury vehicles

A startling revelation has been made about how a former governor of...

CBN redeploys 1,500 staff to Lagos

The Central Bank of Nigeria (CBN) says it has redeployed 1,500 staff...

AFCON: Pres. Tinubu says unimpressed with Super Eagles’ performance

President Bola Tinubu has expressed his displeasure over the performance of the...

I’ve not met a man kind enough to marry —Ini Edo

In a candid revelation, renowned actress, Ini Edo, has hinted about the...

Ogun CP visits shot Nollywood actor, Ijaduade, vows to punish trigger-happy cop

Nollywood actor and Director, Azeez Ijaduade, who was shot “accidentally” by a...

Breaking: Actor, Azeez Ijaduade, allegedly shot by policeman in Ogun

In a shocking incident that has sent shock waves to Yoruba section...

Fast and furious actor, Vin Diesel, accused of sexual assault

Vin Diesel, known for his role in the Fast & Furious Series,...

Anyone asking for money this festive season lacks conscience, fear God – Comedian AY

Amid Nigeria’s challenging economic downturn, renowned comedian, Ayo Makun, popularly known as...

Octogenarian actor, Dejumo Lewis, dies

Nollywood community was on Friday night thrown into grief as the news...

I’m lucky to have you as my wife, Lateef praises Mo Bimpe on 2nd wedding anniversary

Celebrating their second year wedding anniversary, Nollywood actor, Lateef Adedimeji, has expressed...

Frank Edoho faces backlash for controversial remarks on infidelity

Renowned media personality, Frank Edoho, is under fire after making contentious comments...

Youngi Duu: Portable admits to confrontation, claims disrespectful gesture triggered clash

MThe recent incident involving an alleged physical assault on the emerging music...

I’m grateful to God, fans, for successful career in 2023 – Davido

Nigerian music star, Davido, has taken to the social media to chronicle...