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Nigerian Bag Manufacturing Co. Plc: Appointments of Company Secretary and Director

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January 6, 2012

The Company has notified The Exchange of the appointment to Messrs. Olukorede Okusanya as Company Secretary / Director and Thanasis Mazarakis as Non-Executive Director.

Okusanya has an Upper Credit (HND) in Accounting from Ondo State Polytechnic, Owo, Ondo State. He is a Fellow of the Institute of Chartered Accountants of Nigeria, Fellow, Chartered Institute of Taxation of Nigeria and Associate Member, Nigeria Institute of Management. He obtained Masters’ Degree in Business Administration from Olabisi Onabanjo University, Ago Iwoye, Ogun State. He joined the company in 1999 as Assistant Manager, Accounts and rose to the position of Chief Accountant in 2003 and Chief Accountant / Director in 2009 the position which he held until his appointment as Company Secretary / Director, effective September, 2011

Mazarakis holds a Bachelor of Arts degree from Princeton University (1984) and a Masters in Business Administration from the Wharton School at the University of Pennsylvania (1985). Mazarakis is the Chief Operating Officer of Southern Star Shipping Company in the United States. He has held numerous positions in Finance, Marketing and General Management. Until this appointment, he was the Chief Financial Officer of Presidential Insurance Company of America, one of the largest US Life Insurance Companies.

He was appointed to the Board of Flour Mills of Nigeria Plc. as a Non-Executive Director in July 2006, but current appointment as a Non-Executive Director took effect from November, 2011.

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