The Nigerian Stock Exchange honoured the newly appointed Managing Director of Champion Breweries Plc, Georgios Polymenakos by having him perform the digital closing gong to close the market on Thursday, to formally welcome him to the stock market.
Speaking at the ceremony, the Chief Executive Officer of The Nigeria Stock Exchange, Oscar Onyema said as part of the Exchange’s business continuity plan, the digital closing gong was launched on Instagram in April this year and has since then hosted several webinars, virtual events and interactive sessions. He said the Exchange is committed to providing issuers with the platforms that allow them to achieve their business and strategic objectives.
According to Onyema, the closing gong ceremony is organized to support and recognize milestones and accomplishments of listed companies and also allow newly appointed Boards and Chief Executive Officer of listed companies to be introduced to the Nigeria Capital Market ecosystem. Onyema congratulated the Champion Breweries Managing Director and assured him the NSE’s continued commitment to offer issuers opportunities to derive great value from their interaction with the market. He also assured the leadership of Champion Breweries that the NSE will remain a trusted business partner in achieving their strategic business objectives.
Commending the leadership of the NSE for the opportunity, the Managing Director Champion Breweries Plc, Georgios Polymenakos said he was deeply honoured to participate at the event. He described himself as a passionate advocate of the Nigerian economy and the future of Nigeria. He added that Champion Breweries will soon be fifty years old and has had its ups and downs over the years and one of the company’s glorious events was the listing on the Nigeria Stock Exchange in 1993.
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Polymenakos said despite the ups and downs, the company has remained steadfast in producing top quality products that can be compared with any company or brand all over the world at affordable prices. He said it is the quality of the products the company is offering that has translated to being the most preferred brand by the consumers in the areas they operate. He added that the company’s beer brand has during the last two years grown with over one hundred and fifty per cent which led the company to profitability in 2019 and the momentum continued in the first quarter of the year 2020. This momentum has also enabled the company to navigate the turbulence in the economy successfully.
Welcoming Polymenakos to the market, the Doyen of the Market, Rasheed Yussuff, said the broker market is pleased to have him in the market and urged him to embrace the challenge ahead to restore the hope of the investing public. He advised him to remain close to the market to always update members of the investing public of the goings-on in the company. Yussuff expressed the readiness of the market to cooperate with the leadership of the company
The Champion Breweries Managing Director assured the investing public to work closely with them and to always carry them along on the progress of the company.
