Nestle Nigeria Plc, in a notification to the Nigerian Stock Exchange (NSE) by its Secretary, Bode Ayeku, has announced the appointment of Remy Ejel as a non-executive director and his appointment takes effect on July 1, 2018.
He is to replace Kais Marzouki, a non-executive director, as Market Head of West Africa Regoin. This is as Kais moves to take up the role of the company’s Market Head, Philippines.
Ejel, who currently serve as Market Head of Southern Africa Region, has earlier worked in the West African Region as Commercial Manager for Mali, Burkina Faso, Niger, Togo, and Benin. He also served in the capacity of Assistant Regional Manager, Country Manager in Oman and Saudi Arabia, and Business Executive Manager, Confectionery.
Marzouki serves as the Head of Nestle Central and West Africa Region at Nestle Nigeria Plc. He held various positions within the Nestlé Group including General Business Manager for Jordan and Lebanon in 2001 and 2003 respectively, Regional Sales Director for Southern and Eastern African Region from 2005 to 2008, Global Channel Category Manager, SBU- Food of Nestlé S.A. from 2008 to 2009, Regional Sales Director for Nestle Oceania Region from 2009 to 2011, Business Executive Manager Coffee and Beverages in Nestle Oceania from 2011 to 2013. He started his working career in Nestlé Group in 1995 in Brand Management in Switzerland. He holds a European Master’s in Management Degree.
Recall that Nairametrics recently reported that Nestle was among other companies bidding for GlaxoSmithKline’s Horlicks malted drinks business segment.
At the company’s 49th Annual General Meeting (AGM) in Lagos, shareholders request amongst other things the payment of bonus dividend, the inclusion of inclusion of more female in the board of directors, and also the appointment of minority representative into the board.
Nestle Nigeria Plc is a food manufacturing and marketing company. The Company is engaged in manufacturing, marketing and distribution of food products, including purified water.
It operates through two segments: Food and Beverages. The Food segment includes production and sale of Maggi, Cerelac, Nutrend, Nan, Lactogen and Golden Morn. The Beverages segment includes production and sale of Milo, Chocomilo, Nido, Nescafe and Nestle Pure Life.
It manufactures and markets a range of brands, which include Infant Formula-Nestle NAN, Infant cereals-Nestle Nutrend, Nestle Cerelac, Family cereals-Nestle Golden Morn, Confectionery-Nestle Chocomilo, Bouillon Maggi Cube, Maggi Mix’py and Table Water-Nestle Pure Life. Its products include Maggi Star Cube, Maggi Crayfish, Maggi Chicken, Ginger & Garlic, Golden Beef and Classic.
Nestle closed at N1490 in today’s trading session. Year to date, the stock is down 4.24%