The Board of Directors of Berger Paints Plc has appointed Mrs. Alaba Fagun as the Company’s Group Managing Director (GMD).
This was contained in the company’s notice to the Nigerian Exchange Limited (NGX) seen by Nairametrics.
Before the new appointment, Fagun currently is the Managing Director of the company.
The board noted in the statement signed by the Company Secretary/Legal Adviser, Omolara Bello that she has demonstrated exceptional leadership and strategic vision in her current role as the Managing Director, significantly contributing to the Company’s success.
The statement reads:
“We are pleased to inform our stakeholders and by extension, the public, that the Board of Berger Paints Nigeria Plc (BPN), has approved the appointment of Mrs. Alaba Fagun as the Company’s Group Managing Director (GMD).
Alaba Fagun has demonstrated exceptional leadership and strategic vision in her current role as the Managing Director, significantly contributing to the Company’s success.
In recognition of these achievements, she will be taking on an expanded role within the Organisation. This new role will encompass additional responsibilities, including oversight of Swift Painting Nigeria Limited (our subsidiary)”.
By leveraging her expertise and experience, the Board said it is confident that Alaba will drive further innovation and operational excellence to the Group.
Profile of Alaba Fagun
According to the company’s 2023 annual report, Alaba Fagun’s extensive background in real estate, spanning various sectors including commercial, residential, institutional, and financial-based projects, positions her as a seasoned professional with a wealth of experience and expertise.
Her journey in the real estate industry began with her architectural education at the University of Lagos, where she obtained a Bachelor of Environmental Science and Bachelor of Architecture degrees with distinction. This academic foundation equipped her with the necessary skills and knowledge to excel in the field.
Starting her career as an architect at Siji Dosekun Partnership in Lagos, Mrs. Fagun gained valuable hands-on experience in architectural design and project management.
Her subsequent roles at various architectural and real estate companies, including Architects Co-Partnership in Hertfordshire, United Kingdom, further honed her skills and provided her with diverse perspectives in the industry.
In addition, she held several roles, such as the founding Managing Director of UPDC Facility Management Limited (UPDCFM); Head of Facilities Management and Head of Major Projects at Union Bank of Nigeria Plc, Lagos Nigeria; Senior Manager Properties at Broll Property Services Limited Lagos Nigeria.
Her appointment as the Managing Director/CEO of Berger Paints Nigeria Plc underscores her leadership abilities and strategic vision in steering the company towards its goals.
Her membership in professional bodies such as the Institute of Workplace and Facilities Management (IWFM) and the Institute of Directors (IOD) reflects her commitment to staying abreast of industry trends and best practices.
Since assuming the role, she has been instrumental in shaping the company’s financial strategy and overall governance framework.
Berger Paint closed on Thursday, May 23, 2024, at N14.90 per share on the Nigerian Stock Exchange (NGX). The company began the year with a share price of N13.00 and has since gained 14.6% on the price valuation.
