Ngozi Okonjo-Iweala, former minister of finance, has been named an independent non-executive director at Standard Chartered PLC.
Standard Chartered PLC is a British multinational banking and financial services company headquartered in London, England and with presence in 70 countries.
According to a statement released on Thursday, by Jon Tracey, the bank’s media specialist, at the London Stock Exchange, the company said her appointment is effective from November 1, 2017.
She will earn £130,000 per annum for her expertise in financial and development financing.
“The independent Non-Executive Directors do not participate in any of the Group’s incentive arrangements,” the statement read.
“Dr Okonjo-Iweala will receive a fee of GBP100,000 per annum for her services as an independent Non-Executive Director, with an additional fee of GBP30,000 per annum as a member of the Brand, Values and Conduct Committee. This is disclosed in accordance with the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited”.
José Viñals, group chairman said “Ngozi is a globally recognised African and international figure”.
“She has significant geopolitical, economic, risk and development experience and expertise at a national governmental level and in international organisations, which will provide significant insight and value to the Board.
“She also has deep knowledge of Africa as well as emerging and developing markets. I am delighted to welcome her to Standard Chartered.”
Okonjo-Iweala spent 25 years working at the World Bank in various positions. After leaving in 2003, she served as the finance minister of Nigeria from 2003 to 2006.
She returned to the World Bank in 2007, serving as a managing director until 2011, when she was appointed to the role of minister of finance and coordinating minister of economy in Nigeria.
According to the bank, Okonjo-Iweala “spearheaded Nigeria’s successful program to obtain debt relief and is credited with developing reforms that helped improve governmental transparency to stabilise and grow the Nigerian economy”.
The 63-year-old sits on a number of prestigious international advisory boards including the Asian Infrastructure Investment Bank and is Chair of the Global Alliance for Vaccines and Immunizations (GAVI).
She has a Bachelor’s degree from Harvard University and a Masters and PhD from Massachusetts Institute of Technology.
Quincy Jones, a legendary music producer renowned for his collaborations with iconic artists, passed away on November 4, 2024, at the age of 91.
His publicist, Arnold Robinson, confirmed the news. Jones’ family released a heartfelt statement, expressing their grief and celebrating his extraordinary life and enduring legacy.
They said,
“Tonight, with full but broken hearts, we must share the news of our father and brother Quincy Jones’ passing. And although this is an incredible loss for our family, we celebrate the great life that he lived and know there will never be another like him.”
They added, “We take comfort and immense pride in knowing that the love and joy, that were the essence of his being, was shared with the world through all that he created. Through his music and his boundless love, Quincy Jones’s heart will beat for eternity.”
Born in Chicago in 1933, Quincy Jones’s lineage was a complex tapestry of history. His mother descended from slave owners, while his father, half-white, was the son of a Welsh slave master and one of his enslaved women.
Jones’s early exposure to music began at home, where his mother’s singing and a neighbour’s piano ignited his passion. At the tender age of seven, he started learning to play the piano.
Following his parents’ divorce, Jones and his father moved to Washington State. There, he joined his high school band, mastering the drums and various brass instruments.
His musical journey took a significant turn at the age of 14 when he began performing in Seattle bars. A remarkable moment arrived in 1948 when he backed Billie Holiday, sharing the stage with a young Ray Charles.
After a brief stint at Seattle University studying music, Jones ventured to Boston to complete his education. His illustrious career, spanning over seven decades, was marked by groundbreaking collaborations with legendary artists.
He worked alongside Michael Jackson, Frank Sinatra, Ray Charles, and many others. Indeed, one of his most iconic achievements was producing Michael Jackson’s historic album, “Thriller.”
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