Cutix Plc has officially notified the Nigerian Exchange Limited, its shareholders, and the investing public of a significant transition within its top-tier management, a strategic move aimed at ensuring organisational stability.
The Nnewi-based cable manufacturing giant confirmed the departure of its Chief Executive Officer, Mrs Ijeoma Oduonye, and its Chief Financial Officer, Mr Chidi Onwudiwe, effective 5 March 2026.
To maintain operational momentum, the Board has tapped internal veterans to lead in acting capacities while a formal search for substantive successors is conducted.
“The Board of Directors acknowledges their period of service and their respective contributions to the Company during their time with the organisation,” the official statement to the NGX read.
“Mrs Igbokwe joined Cutix Plc in 1992 and has built a distinguished career.
Her broad cross-functional experience has contributed significantly to operational effectiveness and corporate performance,” the statement added.
Regarding the interim financial leadership, the Board noted, “Mrs Okonkwo is expected to leverage her professional knowledge and experience to strengthen the organisation’s financial reporting processes and ensure strict adherence to regulatory requirements.”
A stalwart of the company for over three decades, Igbokwe steps into the acting CEO role from her previous position as Assistant General Manager and Head of Strategy and Planning. With an academic background from Federal Polytechnic Oko and ongoing postgraduate studies at Chukwuemeka Odumegwu Ojukwu University, she brings a wealth of experience across finance, administration, and human resources.
Similarly, Okonkwo, a Chartered Accountant and University of Nigeria, Nsukka alumna, is tasked with maintaining the company’s reputation for financial transparency. Her focus will remain on high-standard corporate financial administration during this interim period.
The announcement, signed by Company Secretary Chinwendu Nwokporo, underscores Cutix Plc’s commitment to transparency and regulatory compliance. By elevating internal leaders who possess deep institutional knowledge, the Board aims to reassure investors of a “business as usual” approach despite the exit of two key principal officers.
The company confirmed that the process for appointing a substantive CEO and CFO is “currently underway”.
