Portland Paints & Products Nigeria Plc has appointed Mrs Bolarin Okunowo as a Non-Executive Director. This is the second Non-Executive Director the company has appointed within the space of a month.
Okunowo’s role entails policy-making and planning exercises for Portland Paints. With over 15-years experience as a financial expert, Okunowo will offer the company debt advisory, corporate finance, principal investments, and financial management counsel.
The appointment, which took effect on May 29, 2019, was just announced by Portland Paints through a statement published on the Nigerian Stock Exchange (NSE).
Okunowo is currently UAC group’s Head of Corporate Finance. In this role, she is saddled with the responsibility of recapitalising UACN Property Development Company Plc, a subsidiary of the UAC group.
Previous work experience: She was Stanbic IBTC Capital‘s Head, Energy & Infrastructure Finance. Okunowo handled oil and gas, power and infrastructure debt finance portfolio, among many other responsibilities.
She also worked at Asset & Resource Management Company (ARM) before joining Stanbic. Okunowo worked with an investment banking team at ARM, pioneering work on the company’s Hospitality & Retail Fund, as well as executed a host of financial advisory mandates across multiple sectors including infrastructure, government (PPP), aviation, real estate, and many other vital sectors.
Prior to joining ARM, Okunowo worked at Pricewaterhouse Coopers (PwC), providing audit services to the firm’s financial service clients.
Okunowo’s qualifications speak for her. She is a qualified Chartered Accountant, with a Bachelor’s degree in Commerce from the University of Birmingham UK and a Master’s degree in Information Systems from the prestigious London School of Economics.
Other details of Okunowo;
- Okunowo’s work ethics saw her lead the execution of debt advisory and debt arranging mandates for large scale energy and infrastructure projects in Nigeria.
- She has extensive experience in debt restructuring and recovery for complex transactions most notably in the wake of the 2015 oil price crash.
- Over the course of her career at Stanbic, she worked and closed over $16 billion worth of debt financing deals for projects in Nigeria’s oil-rich Niger Delta region as well as Greenfield infrastructure projects across the country.
- While at Stanbic, she was seconded to the oil and gas debt finance team in Standard Bank of London and gained quality experience in international debt finance best practice.
Her appointment follows that of Mrs. Esosa Vanessa Balogun as a Non-Executive Director in April 2019.