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Appointments

Berger Paints Plc appoints Ogechi Iheanacho as Non-Executive Director

Berger Paints announces the appointment of Ogechi U. Iheanacho as Non-Executive Director, as Engineer Patrick Buruche retires.

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Stakeholders seek Berger Paints' market dominance

The Board of Directors and Management of Berger Paints Nigeria Plc has announced the appointment of Mrs. Ogechi U. Iheanacho as Non-Executive Director of the company, as Engineer Patrick Buruche sets to retire as Non-Executive Director.

This information was obtained by Nairametrics in a press release issued and signed by the Company Secretary and Legal Adviser, Ayokunle Ayoko.

READ: Berger Paints Nigeria Plc records 8.96% increase in 2020 9M revenues

Mr. Ayoko announced that Engr Buruche will be retiring from the Board of the Company as a Non-Executive effective December 31, 2020.

He disclosed that the Board remains appreciative of his contributions to the Company for the entirety of his tenure.

READ: Can Berger Paints increase market dominance by reducing prices?

However, subject to the ratification of the resolutions at the Annual General Meeting, Mrs. Iheanacho has been appointed Non-Executive Director effective January 2, 2021

The Board stated that Mrs. Iheanacho will be bringing to the Board, her financial and corporate governance expertise, having served as Financial Dealer, Treasury & Funds Management with Associated Discount House Limited (now Coronation Merchant Bank Ltd) and as Legal Counsel in the Company Secretariat of Fidelity Bank Plc.

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READ: Berger Paints to set up N2 billion automated water-based paint factory

About Ogechi Iheanacho

  • Mrs. Ogechi U. Iheanacho is a Director on the Boards of Harmony Trust & Investment Company Limited and Regal Investments Company Limited, and a Trustee of the Living Fountain Orphanage, Lagos.
  • Ogechi is a member of the Nigerian Bar Association, an Associate of the Chartered Governance Institute, UK and a member of World Commerce and Contracting (formerly International Association for Contract and Commercial Management).

READ: Big players in Paints and Coatings industry suffer 52% profit loss in the first 6 months of 2020

Omokolade Ajayi is a graduate of Economics, and a certificate holder of the CFA Institute’s Investment Foundation Program. He is a business analyst, and equity market researcher, with wealth of experience as a retail investor.

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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 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.

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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