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By July 20, 2010No Comments

ACI has announced the following appointments made to the Board and Management of the Company:

1. Mr. Francis Kalitsi to the position of Chief Investment Officer, and thus has joined the Board of Directors of the company as an Executive Director.

Mr. Kalitsi spent two years with Renaissance Capital in a variety of positions including Head of its Real Estate Private Equity business in Africa and as a Director of Corporate Finance and Investment Banking in West Africa. Before joining Renaissance Capital, from 2001 to 2007, he was an Investment Officer at the International Finance Corporation in Washington DC where he managed key client relationships, negotiated and executed several principal equity investments for the IFC in Africa, Latin America, Eastern Europe and Asia. Before leaving the IFC, Mr. Kalitsi was the New Business Coordinator for South Asia in its Global Financial Markets Department.

Mr. Francis Kalitsi began his career with Merrill Lynch in 1992 and later joined Marriott International’s Development Finance Group in Bethesda, MD. In that role he was part of the team that crafted and executed the Corporation's growth strategy, which included introducing new lodging brands, multiple acquisition of international hotel companies and divestitures.

He holds a BSc from Boston University, and an MBA from the University of Chicago’s Graduate School of Business, where he was a Merit Scholar.

2. Mr. Enyo Akar has replaced BOC Company Services Ltd. as Company Secretary of ACI

Mr. Akar joined ACI in January 2010 as Human Resource Manager. He trained in Psychology in Birmingham, UK and has professional qualifications with London Chamber of Commerce & Industry and Royal Society of Arts, UK, in Information Processing, Business Studies and Communications. Mr. Akar has extensive experience as a Business Development Consultant involved in change management/shifting paradigms as well as setting up workflow systems, policy and procedures, and customer service retention programmes. Work experience includes working as part of a team for handling daily logistics, property management, security and administration for up to 350 staff and 150 mobile office workers, consultants and associates.

Issued in Accra, this 20th
day of July, 2010