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United Capital Plc announces appointment of two Independent Non-Executive Directors

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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.

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

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