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Premier Paints PLC gets new MD, releases 2016 financial reports

By Omiko Awa
16 July 2017   |   4:03 am
The board of Premier Paints PLC., has approved the appointment of Dr. Ade Yusuf, as the new Managing Director/CEO of the company, as part of the ongoing plans to reposition the company for better performance.

The board of Premier Paints PLC., has approved the appointment of Dr. Ade Yusuf, as the new Managing Director/CEO of the company, as part of the ongoing plans to reposition the company for better performance.

While he resumed duty in April 2017, Yusuf fast-tracked the auditing of the company’s 2016 financial records, which was submitted to the Nigerian Stock Exchange (NSC) and was approved by NSC on Monday, July 10, 2017.

Recall that the company’s shares trading were among those suspended by NSC in July 5, 2017, for failing to submit audited annual reports within the stipulated deadline.

It was gathered that the delay to submit the audited reports was as a result of the resignation of the former Managing Director/CEO.

Established in 1982 and quoted as public company on the Nigerian Stock Exchange in 1995, Premier Paints has remained a leading producer of wood finishes, decorative and industrial coatings.

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