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Berger Paints restates commitment to growth, profitability


Berger-Paints---CopyThe Managing Director and Chief Executive Officer, Berger Paints Nigeria Plc, Peter Folikwe has restated the company’s resolve to enhance shareholders’ value through commitment to the highest standard of corporate goals.

Indeed, Folike explained that the firm’s turnaround efforts would aid the to re-positioning of the company in order to earn its place as one of the most profitable quoted companies on the Nigerian Stock Exchange.
Speaking at the conferment of Fellowship award on him by the National Institute of Marketing of Nigeria (NIMN) recently, Folikwe stated that within his short period of assuming his office at Berger Paints, the company’s earnings had grown by 50 per cent and 89 per cent respectively.

Folikwe, who described the award as a call to duty, explained that he would continue to leverage his training and exposure to advance positive changes in the corporate world.

President of the National Institute of Marketing of Nigeria, Ganiyu Koledoye during the award ceremony, described Folikwe as a quintessential turn -around manager who has recorded milestones within the short period of his assumption of office as the Chief Executive Officer of Berger Paints Nigeria Plc.

Koledoye advised the new fellows to take active part in the activities of the Institute in order to move it to the next level.

The Institute conferred fellowship on twenty distinguished members.

It would be recalled that Folikwe was appointed the Managing Director of Berger Paints Nigeria Plc in April 2015 and six months, the business has begun witnessing a turnaround and its performance as evidenced by its half year and nine months results which grew by 50 per cent and 89 per cent respectively.

Folikwe, a graduate of Marketing of the University of Nigeria, Nsukka, also holds a Master of Business Administration from the University of Benin, Nigeria and he is a seasoned Sales and Marketing professional with over 24 years of experience as Marketing, Sales/Distribution and General Management, garnered from a number of top rated companies in Nigeria.

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