Tony Elumelu Foundation Appoints Ifeyinwa Ugochukwu as Chief Executive Officer

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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.

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.

Parminder Vir, Outgoing Chief Executive Officer, Tony Elumelu Foundation

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.”

Ifeyinwa Ugochukwu, Incoming Chief Executive Officer, Tony Elumelu Foundation

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.

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