Friday June 08, 2018/3:50PM / NSE
In line with the rules of the Nigerian Stock Exchange, Berger Paints Nigeria Plc, a leading manufacturer of paints and allied coatings in Nigeria, announces the resignation of its Chairman, Dr. Oladimeji Alo from the Board of Directors of the Company.
In his resignation letter, Dr. Alo cited as his reason, his desire to free up his time to devote more attention to his other commitments in the corporate world. The resignation takes effect from the 7th of Iune 2018.
Dr. Oladimeji Alo joined the Board of Berger Paints as an Independent Director on the 11th of December 2012. He was appointed as Chairman of the Board on the 17th of July 2014. Under his leadership, the Board implemented a number of initiatives aimed at strengthening the Company for the challenges of competing in the 215t century.
Dr. Al0 is the Managing Director of Excel Professional Services, an Independent Director of ARM Life Plc and an Independent Director of the Development Bank of Nigeria. The Board wishes Dr. Alo all the best in his future endeavors.
The Company also announces the appointment of Mr. Abi Ayida, who was appointed as a Non-Executive Director on the 14th of December 1999, as the new Chairman. Mr. Ayida holds a Bachelors’ Degree in Economics from University of Minnesota, USA and a Masters’ Degree in Economics from Pennsylvania State University, USA. He has extensive experience in the banking, insurance, retail and manufacturing industries in the UK, USA and Nigeria. He is currently the Managing Partner for Vail Woodward Associates, a firm of international business development consultants.