We are pleased to inform our stakeholders that Mrs Modupe Oguntade, the Chief Financial Officer
of Berger Paints Nigeria Plc. (BPN), has been appointed as Acting Managing Director/Chief
Executive Officer of BPN, effective January 7, 2018.
In line with our succession policy, she is replacing Mr. Peter Folikwe, who will be exiting the
Board, having completed his four year tenure as Managing Director. The Board remains grateful
to Mr. Folikwe for his services to the Company.
Mrs. Oguntade brings on board almost three decades of management experience having worked
with different quoted companies, multinationals and group of companies, including Coopers &
Lybrand, Nigeria, SCOA Nig. Plc., Sooner Pipes Ltd, TY Group, and the Dangote Group.
She holds a Master’s degree in Business Administration from Obafemi Awolowo University with
specialization in Management. She is a fellow of the Institute of Chartered Accountants of Nigeria
(ICAN) and an Associate Member of the Chartered Institute of Taxation of Nigeria (CITN). She is
also a member of the SMP 12 class of the Lagos Business School.
The foregoing is for your information in line with Rule 17.5 and 17.6 of Part 2 (Issuer’s Rules) of
the Nigerian Stock Exchange’s Rule Book (2015).
