Emmanuel OchayiIn a strategic move to bolster its board of directors, PZ Cussons Nigeria PLC has appointed two distinguished individuals, each bringing a unique wealth of experience to the table.
The decision was made during the board’s meeting on September 4, 2023, and is now awaiting ratification at the upcoming Annual General Meeting of the shareholders.
The addition of Prof. Fabian Ajogwu (SAN) to the board marks a significant milestone for the company. With a rich tapestry of qualifications and an illustrious career, Professor Ajogwu’s reputation as a Senior Advocate of Nigeria and Professor of Corporate Governance at Lagos Business School precedes him.
His educational background spans across the globe, from the Said Business School of Oxford University to the University of Aberdeen in Scotland.
Prof. Ajogwu’s influence extends far beyond academia. He chairs prominent organizations such as the Novare Group, ARM Harith Infrastructure Limited, and NES Global.
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He also serves as a Non-Executive Director for Stanbic IBTC Holdings Plc and Guinness Nigeria Plc. His contributions to Nigeria’s corporate landscape are noteworthy, including his pivotal role in drafting Nigeria’s pioneering Code of Corporate Governance.
As a Fellow and Director of various prestigious organizations, Prof. Ajogwu’s appointment brings a fountain of knowledge and expertise to the board, reinforcing PZ Cussons Nigeria PLC’s commitment to corporate excellence.
Mr. Kamar Bakrin, the second new director, brings a wealth of private equity experience to the board. Formerly an Operating Partner at Helios Investment Partners, the largest Africa-focused private equity firm, where he headed the Nigeria office, Mr. Bakrin has a proven track record in the field.
His journey in the corporate world has been marked by leadership roles at the Honeywell Group and Oando, where he played pivotal roles in natural resources, power infrastructure, and oilfield services.
His international experience includes stints at Boston Consulting Group, Colgate Palmolive in South Africa, and Arthur Andersen (now KPMG).
Mr. Bakrin’s diverse portfolio extends to chairing the Boards of Arnergy Solar Ltd. and Scidar and serving on the Boards of Polysmart Ltd. and Quest Energy Services. His Bachelor’s degree in Agricultural Economics from the University of Ilorin and an MBA from Columbia Business School underscore his academic prowess.
As a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a member of the Institute of Directors, Nigeria, Mr. Bakrin’s appointment heralds a new era of strategic vision and financial acumen for PZ Cussons Nigeria PLC.
The board’s decision to appoint these two distinguished individuals signals a strategic shift towards reinforcing corporate governance and financial expertise, positioning PZ Cussons Nigeria PLC for continued growth and success in a dynamic business landscape.
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