Berger Paints Appoints Ogechi Iheanacho As Director; Engr. Patrick Buruche Retires

Berger Paints Plc - Soaring Interest Expense Underscores Pessimism

Berger Paints Nigeria Plc has announced to its stakeholders and by extension, the public, that Engineer Patrick Buruche, a Non-Executive Director on the Board of Berger Paints Nigeria Plc, will be retiring from the Board effective December 31, 2020.

The Board remains appreciative of his contributions to the Company for the entirety of his tenure.

Consequently, the Board has approved the appointment, subject to the ratification of the Annual General Meeting, of Mrs. Ogechi U. Iheanacho as a Non-Executive Director effective January 2, 2021.

Berger Paints Nigeria Plc is a Nigeria-based company, which is engaged in manufacturing and marketing of paints and allied products and holds an investment property.

Its segments include Paints and allied products, which is engaged in manufacturing, distributing and selling of paints and allied products; Contract revenue, which is engaged in the rendering of painting services, and Investment property rental income, which is engaged in investment property rentals.

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.

She is a Director on the Boards of Harmony Trust & Investment Company Limited and Regal Investments Company Limited. She is also a Trustee of the Living Fountain Orphanage, Lagos.

Mrs. Iheanacho graduated with an LLB degree from the University of Westminster, London, U.K., where she was awarded the Geoffrey Reeday Prize for the best result in Company Law. She also holds a Master’s degree in Commercial & Corporate Law (Merit) from the University of London (University College London).

She 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).

Its Decorative product range includes premium, economy and budget grades of Emulsion, Gloss and Textured paints.

Its Decorative brands include Luxol, Super Star and Robbialac. Its Decorative brand products include Luxol Emulsion, Clinstay, Rufhide, Fire Retardant Texcote, Luxol Gloss and Superstar Emulsion.

Its Non- decorative product ranges include General industrial Product, Automotive Vehicle Refinishes, and Marine and Protection. Its products include Cellulose Enamel, Autolux, Thermoplastic Road Marker and Wood Finishes.