Following a successful restructuring process, which has delivered a new leadership, the board of directors of the Chemical and Allied Products Plc (CAP) paid a courtesy visit to the Nigerian Stock Exchange (NSE), yesterday, November 6, 2019 to reiterate the new board members’ commitment to shared values and the company’s innovative strides. The Chairperson, CAP Plc, Awuneba Ajumogobia, who led the delegation, also rang the closing bell on the trading floor, as part of activities to mark the company’s new direction.
According to Ajumogobia, current realities and changes have made it imperative for CAP Plc to realign, particularly in the digital space. “Today’s closing bell ceremony is remarkable for us and commemorates the new direction that we have embarked on. We want to ensure that every CAP Plc customer can attest to having an outstanding experience. This is why we are leveraging technology. We are also using technology for our internal processes, so, we are investing in applications to ensure that our processes are running more efficiently,” she stated.
Expressing faith in the new leadership, she emphasized that the new management is resolute to ensure that CAP Plc becomes a flagship company on the NSE with progressive policies and strong leadership. “The quality of the new Board and Management assures me that we have what it takes to improve on the strong brand which the company has built over the years. We will be strategic to deliver remarkable value to stakeholders without compromising sustainability,” she reaffirmed.
Similarly, Managing Director, CAP Plc, David Wright stated that the management team is leveraging every opportunity in terms of technology to grow volumes and revenue. According to him, “We are particular about sustainable growth for the company. Technology is a major factor to achieve this and be able to deliver on our promises to all stakeholders.”
While commending members of the board, the Chief Executive Officer of the Nigerian Stock Exchange, Oscar Onyema, urged them to “strive for sustainability by adhering to high standards of corporate governance, deeper social impact, higher regulatory compliance, and greater returns for shareholders.”
He assured that the NSE will continue to provide a platform to support listed companies to meet their strategic business objectives.
CAP Plc has a vision to create a new Africa inspired by colours. It is understood that the company intends to accomplish the vision by providing customers, be they individuals or corporate bodies with products and services to help them create colourful and exciting spaces.