Morrison Industries Plc announced today that four members of its Board of Directors have resigned from their respective positions, effective July 17, 2018.
The former Board Members are Mr Godwin O. Oteri, Mr Tayo Odeyemi, Senator Muhammed A. Muhammed (OFR), and Professor Dew Tuan Wleh Mayson.
In a press statement issued to the Nigerian Stock Exchange (NSE), the company expressed gratitude to the former Board Members for their dedication and contributions towards the company’s growth. They were also wished the best of luck in their future endeavours.
The company, however, gave no further details about the circumstances surrounding this obviously mass and seeming ‘protest’ resignations from its Board.
“The Board has accepted their resignations and expressed its appreciation to them for their dedication and positive contributions to the growth of the company over the years and wished them well in their future endeavours.” – Morrison Industries
In the meantime, Morrison Industries Plc has appointed Mrs Afolake Lawal as a Non-Executive Director. Her appointment took effect yesterday August 27, 2018.
Mrs Lawal is the Co-Founder and current Group Executive Director of GTI Group. She has over 15-years cognate experience in Investment Banking, Corporate Governance and Business Strategy.
She is also an Associate Member of the National Institute of Marketing of Nigeria (NIMN) and a certified pension practitioner. She is also a Member of the Nigerian Bar Association.
Prior to her latest appointment, she served as the Chairman of Morrison Industries’ Governance and remuneration committee. Asides serving on the board of Morrison Industries Plc, she also sits on the Board of Eterna Plc.
Incorporated in 1955, Morrison Industries Plc operates in Nigeria’s healthcare sector; manufacturing and marketing pharmaceutical products. It is a public limited company (listed on the Nigerian Stock Exchange), and its shares closed at 0.55 kobo.