The board expressed appreciation for the outgoing executives’ contributions over the years and conveyed confidence in the abilities of the acting appointees to manage the company’s operations until permanent replacements are appointed.
Profiles of the Acting Executives
Mrs. Uchechukwu Igbokwe, the new Acting CEO, joined Cutix in 1992 and has served across multiple departments, including Enterprise Assurance, Commercial, Finance, Administration, Human Resources, and the Anuka Plant. She currently holds the role of Assistant General Manager and Head of Strategy and Planning in the Office of the CEO, overseeing planning and administrative functions.
Her educational background includes a Higher National Diploma in Accountancy from Federal Polytechnic Oko and ongoing postgraduate studies at Chukwuemeka Odumegwu Ojukwu University, Igbariam. She is also a Certified Lead Auditor of Quality Management Systems and an Associate of the National Institute of Marketing of Nigeria. Mrs. Igbokwe has participated in professional development programs at Lagos Business School and through Tom Associates, covering supply chain management and leadership skills.
Mrs. Uche Okonkwo, appointed Acting CFO, holds a Bachelor’s degree in Banking and Finance from the University of Nigeria, Nsukka, and is a Chartered Accountant. She has extensive experience in financial management, regulatory compliance, and corporate reporting. In her current role, she supports financial reporting processes, ensures compliance with regulatory requirements, and contributes to broader financial administration.
Governance and Market Performance
Cutix Plc is overseen by a board chaired by Barr. (Mrs.) Ifeoma Regina Nwahiri, a non-executive director responsible for governance and board activities. Other board members include Acting CEO Mrs. Uchechukwu Igbokwe, as well as directors Mr. Ifeanyi Francis Uzodike, Mrs. Ijeoma Chichebe Ezeasor, Mr. Ike Godwin Okonkwo, Mr. Abayomi Abimbola Olayinka, Mr. Onyekachukwu Nsoedo, Mr. Ikechukwu Nwosu, and Mr. Ebiyon John Etuwewe.
Shares of Cutix have recorded a 12.58% year-to-date gain in 2026, currently trading at N3.49 per share on the Nigerian Exchange. In 2025, the company delivered a total shareholder return of over 34.8%.
According to its nine-month financial report ended January 2026, Cutix reported total assets of N8.6 billion, up 6% year-on-year, and revenue of N10.9 billion, largely from cable and wire sales. However, pre-tax profit fell sharply by 94.5% to N69.4 million, reflecting higher costs and weaker other income, highlighting operational challenges for the period.
The acting appointments are expected to provide continuity as the board finalizes substantive replacements for the CEO and CFO positions.