Steel Guardians Appoints Segun Tugbiyele as Managing Director to Drive Next Phase of Growth

Steel Guardians Appoints Segun Tugbiyele as Managing Director to Drive Next Phase of Growth

Steel Guardians Limited has announced the appointment of Mr. Segun Tugbiyele as its new Managing Director, effective March 1, 2026, in a strategic leadership transition aimed at strengthening the company’s expansion and long-term growth.

Steel Guardians Limited has appointed Mr. Segun Tugbiyele as its new Managing Director, effective March 1, 2026, marking a significant leadership change designed to reinforce the company’s strategic direction.

Tugbiyele brings more than 35 years of professional experience spanning the finance, oil and gas, and real estate sectors, positioning him to guide the company through its next phase of development.

Prior to his appointment, he held several key roles at CMB Building, Maintenance and Investment Company Limited, where he gained extensive experience in organisational management and corporate administration.

The company said his appointment is expected to strengthen Steel Guardians’ operational capacity while supporting its broader growth ambitions through his vast leadership and strategic management expertise.

Commenting on the transition, the Group Managing Director of CMB Building, Maintenance and Investment Company Limited, Mr. Kelechukwu Mbagwu, praised the outgoing Managing Director, Ms. Mfon Udofia, for her dedication and leadership during challenging periods.

Mbagwu noted that Udofia played a crucial role in stabilising the company, particularly during the COVID-19 pandemic and other operational challenges.

He described her as “a solid and inspiring leader who ensured the company’s survival during difficult times.”

Following her departure, Udofia will focus on expanding Oyster Management Company, which she described as her “first love.”

The CMB Group also expressed confidence that Tugbiyele’s leadership would usher in a prosperous and profitable era for Steel Guardians.

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