NAHCo Chairman Yahyah steps down from board
Chairman of the Nigerian Aviation Handling Company PLC (NAHCo Aviance), Mallam Suleiman Yahyah, has resigned from the board.
His resignation is coming on the heels of urgent need to attend to his failing health, just as the Vice Chairman, Mr. Denis Hasdenteufel takes over the mantle of leadership of the Board.
Mr. Hasdenteufel, takes over the leadership of the aviation handling company in an acting capacity and will preside over all meetings of the board pending the approval of regulators and further announcements from stakeholders.
Yahyah, who was appointed a Director of the Company in November 2006 became the Chairman in July 2012.
Credited with the strategic re-organisation of the Company to its current modern status, Yahyah had been battling with an undisclosed health issue for a couple of years.
During his tenure, the company witnessed unprecedented turnover which grew from N6.92 billion, when he took over leadership of the board to N8.5billion at year end 2015.
This is in addition to increase in number of employees from about 1,100 to an all – time high of 1,980.
During this period, the asset base of the comoany also grew from N9 billion to N15 billion.
The hallmark of Yahyah’s tenure at NAHCo was the modernisation of company’s equipment to align with world’s standards in modern ground handling service.
He was credited with equipping NAHCo with state-of-the-art equipment that made the Company the great force that it is today in ground handling service in Sub-Sahara Africa.
The diversification of the company which the board under his tenure embarked upon led to the establishment of NAHCo FTZ with the granting of a licence for same by the Federal Government.
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