Felix E. Addo
{{Short description|Ghanaian business executive (born 1955)}}
{{Infobox person
| name = Felix Addo
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| birth_name = Felix Elvis Addo
| birth_date = 1955
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| nationality = Ghanaian
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| education = Accra Academy
| alma mater = University of Ghana Business School Loyola College, Maryland
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| occupation = Business executive
| title = Chairman of Guinness Ghana Breweries
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Felix Elvis Addo (born 1955) is a Ghanaian accountant. He is the non-executive chairman of Guinness Ghana Breweries, since 2018. Before this role, Addo was chairman of the Ghana National Petroleum Corporation.{{cite news |title=Guinness appoints Felix Addo as Board Chair |date=21 October 2018 |url=https://thebftonline.com/2018/business/companies/guinness-appoints-felix-addo-as-board-chair/ |publisher=B&FT |access-date=10 July 2019 |archive-date=29 April 2020 |archive-url=https://web.archive.org/web/20200429025641/https://thebftonline.com/2018/business/companies/guinness-appoints-felix-addo-as-board-chair/ |url-status=dead }} Addo is a former Country Senior Partner for PriceWaterhouseCoopers in Ghana and former member of the PwC Africa Governance Board.
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.{{cite web |url=http://www.ghanaweb.com/GhanaHomePage/business/artikel.php?ID=353247|title=PwC sets up GH¢100,000 endowment fund|publisher=ghanaweb.com|access-date=5 April 2015}}{{cite news|title=1989 year group of Accra Aca rehabilitates dining hall of alma mater|newspaper=The Ghanaian Times|date=11 January 2018}}
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.{{cite news |title=PRESS NOTICE: REORGANISATION OF PRICE WATERHOUSE COOPERS |url=https://books.google.com/books?id=Nh833mquo0EC&dq=felix+Addo&pg=PA21 |newspaper=The Daily Graphic |date=22 December 1997|last1 = Aryeh|first1 = Elvis D.}} He become Country Senior Partner of PwC in Ghana in July 2009.{{cite web|title= Pricewaterhouse Coopers, Africa Central Annual Review |url=https://www.pwc.com/ao/en/pdf/acannualreview.pdf|website=pwc.com|year= 2009}} He retired from this role and as a member of the PwC Africa governance board in August 2015.{{cite web|title=Senior country partner of PwC Ghana Felix Addo retires |url= https://www.modernghana.com/amp/news/624583/senior-country-partner-of-pwc-ghana-felix-addo-retires.html|website=modernghana.com|date=19 August 2015}} 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.{{cite news|title=Former PWC partner Felix Addo joins Stanchart board|url=https://www.myjoyonline.com/business/2015/August-18th/former-pwc-partner-felix-addo-joins-stanchart-board.php|publisher=myjoyonline.com|date=18 August 2018}}
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.{{cite web|title=Ghana gets new Companies Act after a long wait|url=https://www.graphic.com.gh/business/business-news/ghana-news-ghana-gets-new-companies-act-after-a-long-wait.html|author=Emmanuel Bruce|date=7 May 2019|website=graphic.com.gh}}
In 2014, Addo was named a member of an independent advisory council of Kosmos Energy Ghana, a subsidiary of Kosmos Energy.{{cite journal|title=KOSMOS GETS ADVISORY COUNCIL |url=https://books.google.com/books?id=_7foRJFBSNoC&dq=kosmos&pg=PA23 |journal=Daily Graphic |date=September 8, 2014 |issue=19558 }} From February 2016 to January 2017, Addo was chairman of the board at the Ghana National Petroleum Corporation.{{cite web|title=Felix Addo named to keep Alex Mould in Check|url=https://www.africaintelligence.com/aem/businessmen/2016/02/23/felix-addo-named-to-keep-alex-mould-in-check,108131426-art|publisher=Africa Intelligence|date=23 February 2016}}{{cite web|title=GNPC is broke-Board Chairman|url=https://mobile.ghanaweb.com/GhanaHomePage/NewsArchive/GNPC-is-broke-Board-Chairman-441019#|website=ghanaweb.com|date=23 May 2016}} In 2016, he was made a director of KEK Insurance Brokers and is currently chairman of the board.{{cite news|title=KEK remembered after 10 years|url=https://www.facebook.com/OVAGlobal1/photos/the-legendary-kek-honoured-during-10years-anniversaryour-very-own-vmates-alhaji-/1526893590812326/|website=facebook.com/OVAGlobal1|access-date=21 August 2021}}{{cite web|title= Board of Directors|url=https://kekgroup.net/kek-insurance-brokers/our-team/board-of-directors/|website=kekgroup.net|access-date=25 August 2021}} 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. 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.{{cite news|title=First Ghanaian appointed to Guinness Ghana Board Chair|url=https://www.myjoyonline.com/business/2018/October-24th/first-ghanaian-appointed-to-guinness-ghana-board-chair.php|publisher=myjoyonline.com|date=23 October 2018}}
Addo served on the board of Standard Chartered Bank Ghana from August 2015 to June 2019.{{cite web|title=Felix Addo joins Stanchart board|url=https://thebftonline.com/archive/more.php?ID=14973|publisher=B&FT|date=August 2015}}{{Dead link|date=April 2024 |bot=InternetArchiveBot |fix-attempted=yes }}{{cite web|title=SCB RESIGNATION OF DIRECTOR|url=https://www.annualreportsghana.com/wp-content/uploads/2020/03/PR-216-SCB-Resignation-of-a-Director.pdf|website=annualreportsghana.com|access-date=29 August 2021}} 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.{{cite news |title= Bank of Ghana "outdoors" Felix Addo as NIB Advisor |date=26 January 2019 |url= https://www.graphic.com.gh/business/business-news/bank-of-ghana-outdoors-felix-addo-as-nib-advisor.html |publisher= graphic.com.gh }}
In February 2021, Addo was elected to the board of Scancom PLC (MTN Ghana).{{cite web|url=https://www.theghanareport.com/mtn-ghana-appoints-four-new-directors-as-two-step-down/|title=MTN Ghana Appoints four new directors as two step down|website=theghanareport.com|date=20 April 2021}}{{cite web|url=https://www.myjoyonline.com/mtn-ghana-appoints-4-onto-its-board/|title=MTN Ghana appoints 4 onto its board|website=myjoyonline.com|date=20 April 2021}}
In April 2021, Addo was appointed as administrator of insolvent United Steel Company for liquidation.{{cite web|title= Lebanese run United Steel Company owes 649 million Ghana cedis in unpaid taxes a|url=https://gna.org.gh/2021/04/lebanese-run-united-steel-company-owes-649-million-ghana-cedis-in-unpaid-taxes/|website=gna.org.gh|date= 7 April 2021|author=GNA|access-date=1 February 2023}}
== Other activities==
Addo is the founding president of the Ghana Association Restructuring and Insolvency Advisors (GARIA).{{cite news |title= Governing Council President |date=19 June 2020 |url= https://garia.org/governing-council/ |publisher= GARIA }}
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.{{cite web|title= Felix E. Addo Corporate Executive in Residence|date= 9 February 2015|url= http://ugbs.ug.edu.gh/mr-felix-e-addo-corporate-executive-residence-department-accounting|publisher= ugbs.edu.gh|access-date= 10 July 2019|archive-date= 10 July 2019|archive-url= https://web.archive.org/web/20190710071519/http://ugbs.ug.edu.gh/mr-felix-e-addo-corporate-executive-residence-department-accounting|url-status= dead}}
He is the Vice President of the Ghana-America Chamber of Commerce.{{cite news|title=American Chamber of Commerce elects new President|url=https://www.graphic.com.gh/business/business-news/american-chamber-of-commerce-elects-new-president.html|newspaper=The Daily Graphic|date=8 September 2018}}
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.{{cite news|title=Felix Addo appointed Advisor of the National Investment Bank|author=Yeboah, Isaac|date= 26 June 2019|url=https://www.graphic.com.gh/business/business-news/bank-of-ghana-outdoors-felix-addo-as-nib-advisor.html|publisher=The Daily Gtaphic}}
References
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External links
- [https://www.bloomberg.com/research/stocks/private/person.asp?personId=325346338&privcapId=13191916 Felix Addo ] on Bloomberg
- [https://www.reuters.com/finance/stocks/officer-profile/GGBL.GH/2808359 Felix Addo] on Reuters
{{DEFAULTSORT:Addo, Felix E.}}