• Thursday, June 13, 2024
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Nygard steps down as Berger Paints MD

Shareholders laud Berger Paints dividend payout

The board of directors of Berger Paints Nigeria plc has announced the disengagement of Tor Nygard, its managing director. This follows from the expiration of his contract on January 31, 2015. Jatin Madan, chief operating officer, will act as CEO, pending the appointment of a substantive managing director.

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A statement by the company says Nygard joined the company on November 2, 2009, as deputy managing director (Designate), moved on to become an executive director and was later appointed as managing director. His tenure was associated with a number of reforms, including the expansion of the colour world centres and the factory modernisation project that is currently being implemented.

The leading paint maker has also announced the appointment of Sanjay Datwani (British) to its board of directors.

Datwani is the managing director of Clayton Finance Limited, a company that specialises in export of raw materials to West African region. He also works as a property consultant and developer in the United Kingdom.