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Appointments

Tripple Gee to pay final dividend, appoints new MD 

Tripple Gee and Company Plc has resolved to pay a final dividend of 5 kobo per ordinary share of 50 kobo to its shareholders.

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Tripple Gee to pay final dividend, appoints new MD 

Tripple Gee and Company Plc has resolved to pay a final dividend of 5 kobo per ordinary share of 50 kobo to its shareholders for the financial period ended Sunday, March 31, 2019. The decision was made at the company’s recently held 29th Annual General Meeting (AGM). 

The dividend had earlier been announced to be paid to shareholders whose names appeared on the Register of Members as at Friday, August 30, 2019. 

During the AGM, the shareholders of Tripple Gee approved the appointment of Adebimpe Giwa as the company’s new Managing Director.  

[READ MORE: 2018 FY: Flour Mills’ shareholders unanimously endorse N4.92 billion dividend]

What you should know: Giwa, the wife of the late founder and Managing Director of the company, Chief Gbadebo Giwa, is an astute administrator with many years of experience, having worked in various sectors like the oil and gas, packaging and security printing, import and export. 

Giwa had served as the company’s General Manager (packaging) between 2007 and 2014. She left Tripple Gee in 2014 to manage AN-BOS Nigeria Limited, a trading company with a penchant for the supply of raw materials to Unilever Plc, Nasha Limited and Dala Foods. 

She is a graduate of English from the Lagos State University and has a master’s degree in public administration from the same varsity. She also obtained another master’s in marketing from St. Edward’s University, United States of America. 

Giwa returned to Tripple Gee as an Executive Director after the demise of the founder in 2018. 

According to a statement by the company, Giwa’s being at the helm of affairs of the company saw an increase in turnover by 149% within the first six months, with the trend growing. 

[READ ALSO: Access Bank’s shareholders to get N9 billion interim dividend]

About the company: Tripple Gee is a manufacturer of financial instruments, secure and commercial documents, labels and flexible packaging materials. 

The company is currently trading 57 kobo on the Nigerian Stock Exchange (NSE). 

 

 

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Famuyiwa Damilare is a trained journalist. He holds a Higher National Diploma (HND) in Mass Communication at the prestigious Nigerian Institute of Journalism (NIJ).Damilare is an innovative and transformational leader with broad-based expertise in journalism and media practice at large. He has explored his proven ability in the areas of reporting, curating and generating contents, creatively establishing social media engagements, and mobile editing of videos. It is safe to say he’s a multimedia journalist.

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Appointments

Airtel Nigeria announces appointment of Surendran as new Chief Executive Officer

Airtel Nigeria, has announced the appointment of Mr C. Surendran as the new MD/CEO with effect from August 1, 2021.

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Like MTN, is Airtel Nigeria considering listing?

Telecommunications giant, Airtel Nigeria, has announced the appointment of Mr C. Surendran as the new Managing Director and Chief Executive Officer with effect from August 1, 2021.

Surendran would be replacing the outgoing Managing Director and Chief Executive of Airtel Nigeria, Olusegun Ogunsanya, who has been elevated to the position of Chief Executive Officer of Airtel Africa Plc with effect from October 1, 2021.

According to a report from the News Agency of Nigeria, this disclosure is contained in a statement issued by Airtel on Wednesday, May 5, 2021, in Lagos.

READ: Airtel Africa signs new $500 million loan with Bank of America, HSBC, others

The statement says that Surendran would also be appointed to the Executive Committee (ExCo) as Regional Operating Director, reporting to the CEO of Airtel Africa plc, and onto the Board of Airtel Networks (Nigeria) Limited.

Airtel in its statement said, “Surendran has been with Bharti Airtel since 2003 and has contributed immensely in various roles across customer experience, sales and business operations.

He was the Chief Executive Officer of Karnataka, which is the largest circle in Airtel India, with over one billion dollars in revenue.

Surendran delivered an exceptional performance with significant movement in Revenue Market Share (RMS) over the last few years, currently at 54 percent. He has over 30 years of business experience, including 15 years at Xerox.’’

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Airtel said that Surendran would transition into his new role from June 1, 2021, and spend the time onboarding into the business until July 31, 2021.

READ: Meet the latest billionaires on the Nigerian Stock Exchange

In case you missed it

It can be recalled that a few days ago, Airtel Africa Plc, a leading provider of telecommunications and mobile money services in Nigeria and 13 other countries, announced the appointment of Mr Olusegun Ogunsanya as the new Chief Executive Officer, following the notice of retirement given by the current Managing Director/Chief Executive Officer, Raghunath Mandava, to the Board.

In the notification sent by Airtel Africa to the Nigerian Exchange, Ogunsanya is expected to join the board of Airtel Africa with effect from October 1, 2021.

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Appointments

Guinness announces retirement of Chairman, appoints former Minister as replacement

Guinness Nigeria Plc has announced the appointment of Dr Omobola Johnson as the new Chairman of its board, with effect from July 1, 2021.

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Guinness Nigeria Plc has announced the appointment of Dr. Omobola Johnson as the new Chairman of its board, with effect from July 1, 2021.

This follows the retirement of the current Chairman, Babatunde Savage, from the position, with effect from June 30, 2021.

The announcement is contained in a notice sent to the Nigerian Exchange Limited, investing public, and other stakeholders on May 4, 2021, and signed by the Company Secretary, Rotimi Odusola.

READ: Guinness, Int’l Brew, Nigerian Breweries spend N65.5 billion on key acquisitions in 2020

Johnson, who has over 30 years of experience from both the private and public sectors of the Nigerian economy, was a former Minister of Communications Technology and a former Country Managing Director in Accenture.

While commenting on her appointment, Johnson who has been serving on the board of Guinness, said, “Guinness Nigeria is an excellent company with tremendous value creation opportunities, and I believe the refreshed board and management team remain committed to maximizing shareholder value.”

In his letter addressing the board in compliance with the applicable corporate governance regulation, Savage expressed his pleasure at the opportunity to have been a part of the Guinness story over the last four decades.

He thanked the board of Guinness Nigeria and Diageo UK for the opportunity to have served in several capacities, first as an employee who held various strategic senior roles, then as an Executive Director, and later as Chairman of the board, a role that he held for almost 12 years.

READ: Guinness Nigeria’s market value surged by N23.8 billion in March 2021

He said, “After almost 40 amazing years, my journey with Guinness Nigeria is coming to an end. Guinness Nigeria is and will always be family to me.”

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