Daar Communications Plc, the parent company of Africa Independent Television (AIT) and RayPower, has mandated the retirement of directors who have held executive roles for 10 years or more.
This decision is set to take effect in November.
Notable executives impacted by this directive include Tony Akiotu, Tosin Dokpesi, Ambrose Somide, Paulyn Ugbodaga, and Tony Uyah.
Among them, Tosin Dokpesi is the widow of the late Chief Raymond Dokpesi, the company’s founder, who passed away on May 29, 2023.
He fell off his treadmill during a routine gym exercise.
His son, Raymond Dokpesi Jr., who has served as the company’s chairman since 2019, has overseen the organization during challenging times, including a financial loss of N1.6 billion reported for the year ending December 31, 2023.
