Thursday, August 09, 2018 10:50AM / NSE
This is to notify the Nigerian Stock Exchange and the public that the Board of Directors of Guinness Nigeria Plc on 1st August 2018 approved the appointment of Mr. Baker Magunda as the Managing Director/Chief Executive Officer and as a Member of the Board of Directors of Guinness Nigeria Plc with effect from 1st July 2018.
Mr. Peter Ndegwa, gave notice of his resignation as the Managing Director/Chief Executive Officer of Guinness Nigeria Plc via his letter dated 30 June 2018; the Board accepted his resignation with effect from 30 June 2018.
Baker Magunda holds a Bachelor of Economics [Honors] from Makerere University Uganda. He has nearly twenty years’ experience in the consumer goods and alcohol industry and has worked across Africa in Uganda and Kenya as well as Ethiopia and the Sudan. He joined Diageo in 1999 as Marketing Manager, Uganda Breweries Limited and has held several increased leadership roles including Managing Director Uganda Breweries Limited, Managing Director Kenya Breweries Limited, and Managing Director Diageo Guinness Cameroon SA. Baker joins Guinness Nigeria from Diageo owned Meta Abo Breweries in Ethiopia where he was the Managing Director.