Berger Paints Nigeria Plc, Nigeria’s leading paints and allied products manufacturing company has confirmed the appointment of Mr. Tor Nygard as managing director and chief executive officer of the company with effect from January 2013.
Prior to his confirmation as the chief executive of the company, he had been the acting Managing Director of the company since July 2012. He was appointed executive director of the company on December 14, 2010.
Nygard, a Norwegian, holds a Bachelor of Science degree in Electrical Engineering and MBA from University of South Dakota, USA. He has more than 30 years work experience in the manufacturing and oil and gas sectors, with considerable international exposure in US, Europe and Africa.
In a bid to reposition the company for sustainable growth and profitability, Berger Paints has also put in place a new management team as well as strengthened its board with two new non- executive directors in the persons of Messrs Dr. Alo Olademiji Israel, a management expert and Mr. Nelson Chidozie Nweke, a seasoned financial guru.
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| Tor Nygard |
Besides this, the company has also introduced new policies, which include zero tolerance on fraud and whistle blowing in accordance with the code of corporate governance.
The company has also embarked on the construction of an ultra-modern commercial complex in the Federal Capital Territory, Abuja in a bid to diversify its revenue base.
Berger Paints Nigeria Plc, which engages in the manufacture of decorative and industrial paints, marine and protective coatings, automotive /vehicle refinishes and allied products, was incorporated in Nigeria on January 9, 1959 as British Paints (W.A.) Limited.
It commenced business in 1961 by importing paints from its principal partner in the United Kingdom in March 1962. It commissioned its factory in Lagos, which was the first paint factory in the country. The company was the first paints manufacturing company quoted on the Nigerian Stock Exchange (NSE).
Over the years, Berger Paints has recorded several “industry firsts.” It was the first company in Nigeria to introduce textured coatings (TEXCOTE) into the country, the first paints manufacturing company to be quoted on the Nigerian Stock Exchange, the first to be ISO certified and now upgraded from NIS ISO 9002 to NIS 9001:2000 and the first to hit the N1 billion mark, among others.
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