Atedo Peterside resigns from Flour Mills’ board to focus on NGO

Atedo Peterside has resigned from his position as a Non-Executive Director of Flour Mills Nigeria Plc’s.

Peterside, who had been serving on the board since 2011, resigned in order to have enough time to play a more deliberate role in the fight against COVID-19.

Information about Pererside’s retirement is  contained in a statement that was signed by Flour Mills’ Company Secretary, Umolu Joseph, and sent to the Nigerian Stock Exchange.

Related posts

Nigeria needs clear procedures on cross border trade – LCCI

September 19, 2021

Governor Akeredolu says move to amend VAT law to favour FG will fail

September 18, 2021

According to the statement, Atedo Peterside is going to serve as the head of the Atedo N. A. Peterside (ANAP) Foundation COVID-19, which is a not-for-profit organization. Part of the statement says:

“Having set up the ANAP Foundation COVID-19 Think Tank, Mr. Peterside wishes to personally lead the work of the foundation which would make it difficult for him to adequately represent the interests of the minority shareholders on the board of Flour Mills Nigeria, Plc.”

Mr Pererside’s resignation took effect on March 31, 2020.

(READ MORE: CBN temporarily suspends settlement of failed Visa and Verve card transactions)

While commenting on Atedo  Pererside’s departure from Flour Mills, the Board Chairman, Mr. John Coumantaros, thanked him for his selfless service to the company. He said:

“While we received the news with great sadness, the Board, Executives and entire staff of FMN Plc are tremendously proud of Mr. Peterside’s decision to stand up for the Nigerian people in the face of these extraordinary circumstances.”

What you should know: ANAP Foundation is a non-profit organisation that was initially set up to promote Good Governance in Nigeria.

Peterside recently set up the foundation to serve as a Think Tank, following the outbreak of the Coronavirus pandemic.

He is also the founder of Stanbic IBTC Holdings Plc, Chairman of ANAP Business Jets Ltd, and President of ANAP Foundation.

Recently, Atedo Peterside had also also resigned from the board of Nigerian Breweries Plc as Non-Executive Director due to the same reason.

As he stated in both resignations, he will now focus on fulfilling the objectives of the Think Tank, as the COVID-19 infection cases in Nigeria continue to rise.