Meyer Plc, in a notice to the investing public, has announced the appointment of Devashish Nath as its new Managing Director.
The company’s Board of Directors unanimously approved Nath’s appointment at a meeting, held on Tuesday, March 18, 2019. The appointment took effect from Friday, February 1, 2019.
A glance at Mr Devashish Nath’s professional career
Mr Devavshish started his professional career in 1989 as a Production Chemist at Asian Paints. In 1992, he joined Shalimar Paints Limited, a company where he served as a Production Executive.
In 1994, Nath moved to Berger Paints Limited -Rajdoot Division, he served the company for 3 years. Nath, in 1998, became an Assistant General Manager of Rainbow Paints and Chemicals Limited, where he served for 5 years. He then returned to Berger Paints India Limited as a General Manager. After serving 7 years at Berger Paints, he got the appointment to be Meyer Plc’s Managing Director.
Nath has an M.B.A in Marketing and Systems at Sikkim Manipal University of Health, Medical, and Technological Sciences. He also has an M.Sc. in Organic Chemistry at the University of Lucknow.
About Meyer Plc
Meyer Plc, formerly DN Meyer Plc, was incorporated in Nigeria in 1960 and listed on the Nigerian Stock Exchange (NSE) in 1979. For nearly sixty years, it has been manufacturing and marketing wide-ranging, high quality industrial/marine paints, road lining paints, architectural paints, wood paints, roof lining paints, tube coatings, adhesives, etc.
In the past 56 years, Meyer Plc has undergone a series of corporate changes and re-branding. Formerly an offshoot of Hagemeyer Nigeria Limited, its name was rebranded to Meyer Paints in 1994, following Dunlop Nigeria’s acquisition of majority shares in the parent company.
By 2003, Dunlop Nigeria Plc had divested its majority shares in the parent company, meaning that Meyer Paints ceased to be its subsidiary. Its current name, Meyer Plc, came to being in 2010 after a new set of core investors led by Citiprops Limited acquired controlling shares in the company.
Meyer Plc traded N0.54 on NSE’s last trading session.
