Berger Paints gets new board members

Clement Olowokande, Chairman of Berger Paints Nigeria Plc has retired from the board of directors of the company after 45 years stint with the company while a new Chairman, Oladimeji Alo, a non-executive director has been appointed to replace him.

The chairman along three other directors, having attained the age of 70 after the last AGM, retired from the board of the company after the 55th yearly general meeting held in Lagos on Thursday. The other directors are Raymond Obieri, former President of the Nigerian Stock Exchange (NSE), Olawale Akinpelu, former Director-General of the Manufacturers Association of Nigeria (MAN) and Balram Datwani.

Addressing shareholders at the meeting, the out-going chairman said Berger Paints Nigeria Plc would soon become the first paint manufacturing company to automate its production facility in West Africa.

He said the automated plant, which would be complemented by a network of colour world centres to be located in major Nigerian cities, would not only revolutionize production and distribution processes, it would have major positive on costs, product quality, turn –around time and profitability.
Berger Paints recorded an increase of 30.9 per cent in profit after tax for the year ended December 31, 2013.