Felix E. Addo

Last updated
Felix Addo
Born
Felix Elvis Addo

1955
NationalityGhanaian
Education Accra Academy
Alma mater University of Ghana Business School Loyola College, Maryland
OccupationBusiness executive
Title Chairman of Guinness Ghana Breweries

Felix Elvis Addo (born 1955) is a Ghanaian business executive and certified public accountant. He is the non-executive chairman of Guinness Ghana Breweries, since 2018. Before taken up this role, Addo was chairman of the Ghana National Petroleum Corporation. [1] Addo is a former Country Senior Partner for PriceWaterhouseCoopers in Ghana and former member of the PwC Africa Governance Board.

Contents

Early life and education

Felix Addo was educated at Accra Academy for his secondary education from 1968 to 1975. He took a bachelor's degree in Business Administration (accounting option) from the University of Ghana Business School and went on to graduate from Loyola College, Maryland with a Masters in Professional Accounting. [2] [3]

Career

Felix Addo was employed as a senior manager at Pricewaterhouse Ghana in 1995 and joined PricewaterhouseCoopers (PwC) as a partner in 1997 after a reorganisation. [4] He become Country Senior Partner of PwC in Ghana in July 2009. [5] He retired from this role and as a member of the PwC Africa governance board in August 2015. [6] Addo worked on the privatisation on Ashanti Goldfields Corporation and also Ghana Commercial Bank during his time at PwC. He also served as transaction advisor to the Government of Ghana on acquisition of the Volta Aluminium Company. [7]

Addo was a member of the Business Law Reform Committee of Experts chaired by Samuel Date-Bah that reviewed the Ghana Companies Act and the Bodies Corporate (Official Liquidation) Act. [8]

In 2014, Addo was named a member of an independent advisory council of Kosmos Energy Ghana, a subsidiary of Kosmos Energy. [9] From February 2016 to January 2017, Addo was chairman of the board at the Ghana National Petroleum Corporation. [10] [11] In 2016, he was made a director of KEK Insurance Brokers and is currently chairman of the board. [12] [13] In January 2018, Addo was named alongside Sam Jonah by Ghanaian fintech company, Payswitch, unto a four-member board of directors; with two company executives as other board members.

In September 2018, Guinness Ghana named Addo as non-executive chairman of the company. [1] Prior to this, he had been serving as a non-executive director of the company since January 2017. He became the first Ghanaian to chair Guinness Ghana's (GGBL) board since the merger between Guinness Ghana Limited (GGL) and Ghana Brewery Limited (GBL) in 2004. [14]

Addo served on the board of Standard Chartered Bank Ghana from August 2015 to June 2019. [15] [16] In 2019, he was appointed by the Governor of the Bank of Ghana as an Advisor to the National Investment Bank to lead a restructuring process. [17]

In February 2021, Addo was elected to the board of Scancom PLC (MTN Ghana). [18] [19]

In April 2021, Addo was appointed as administrator of insolvent United Steel Company for liquidation. [20]

Other activities

Addo is the founding president of the Ghana Association Restructuring and Insolvency Advisors (GARIA). [21]

Addo is also Chairman Emeritus of AIESEC Ghana – one of the world's largest non-profit, youth-run organisations.

Addo is a Corporate Executive-in-Residence at the Department of Accounting of the University of Ghana. He is also a member of the Advisory Council of the University of Ghana's College of Education. [22]

He is the Vice President of the Ghana-America Chamber of Commerce. [23]

Memberships

He has membership of the Institute of Chartered Accountants, Ghana; Institute of Chartered Accountants-Sierra Leone and the American Institute of Certified Public Accountants. He is also the President of the Ghana Association of Restructuring and Insolvency Advisors. [24]

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References

  1. 1 2 "Guinness appoints Felix Addo as Board Chair". B&FT. 21 October 2018. Archived from the original on 29 April 2020. Retrieved 10 July 2019.
  2. ↑ "PwC sets up GH¢100,000 endowment fund". ghanaweb.com. Retrieved 5 April 2015.
  3. ↑ "1989 year group of Accra Aca rehabilitates dining hall of alma mater". The Ghanaian Times. 11 January 2018.
  4. ↑ Aryeh, Elvis D. (22 December 1997). "PRESS NOTICE: REORGANISATION OF PRICE WATERHOUSE COOPERS". The Daily Graphic.
  5. ↑ "Pricewaterhouse Coopers, Africa Central Annual Review" (PDF). pwc.com. 2009.
  6. ↑ "Senior country partner of PwC Ghana Felix Addo retires". modernghana.com. 19 August 2015.
  7. ↑ "Former PWC partner Felix Addo joins Stanchart board". myjoyonline.com. 18 August 2018.
  8. ↑ Emmanuel Bruce (7 May 2019). "Ghana gets new Companies Act after a long wait". graphic.com.gh.
  9. ↑ "KOSMOS GETS ADVISORY COUNCIL". Daily Graphic (19558). September 8, 2014.
  10. ↑ "Felix Addo named to keep Alex Mould in Check". Africa Intelligence. 23 February 2016.
  11. ↑ "GNPC is broke-Board Chairman". ghanaweb.com. 23 May 2016.
  12. ↑ "KEK remembered after 10 years". facebook.com/OVAGlobal1. Retrieved 21 August 2021.
  13. ↑ "Board of Directors". kekgroup.net. Retrieved 25 August 2021.
  14. ↑ "First Ghanaian appointed to Guinness Ghana Board Chair". myjoyonline.com. 23 October 2018.
  15. ↑ "Felix Addo joins Stanchart board". B&FT. August 2015.[ permanent dead link ]
  16. ↑ "SCB RESIGNATION OF DIRECTOR" (PDF). annualreportsghana.com. Retrieved 29 August 2021.
  17. ↑ "Bank of Ghana "outdoors" Felix Addo as NIB Advisor". graphic.com.gh. 26 January 2019.
  18. ↑ "MTN Ghana Appoints four new directors as two step down". theghanareport.com. 20 April 2021.
  19. ↑ "MTN Ghana appoints 4 onto its board". myjoyonline.com. 20 April 2021.
  20. ↑ GNA (7 April 2021). "Lebanese run United Steel Company owes 649 million Ghana cedis in unpaid taxes a". gna.org.gh. Retrieved 1 February 2023.
  21. ↑ "Governing Council President". GARIA. 19 June 2020.
  22. ↑ "Felix E. Addo Corporate Executive in Residence". ugbs.edu.gh. 9 February 2015. Archived from the original on 10 July 2019. Retrieved 10 July 2019.
  23. ↑ "American Chamber of Commerce elects new President". The Daily Graphic. 8 September 2018.
  24. ↑ Yeboah, Isaac (26 June 2019). "Felix Addo appointed Advisor of the National Investment Bank". The Daily Gtaphic.
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