Guinness Nigeria Plc Announces Appointment of Grainne Wafer as Non-Executive Director
Effective from January 25th, Grainne Wafer has been appointed as a non-executive director to the board of Guinness Nigeria Plc. She currently holds the position of Diageo Global Brand Director for Guinness and Malta Guinness and has a reputation for delivering exceptional performance through strategic initiatives.
According to a statement released by the Guinness board, Wafer brings to the board extensive marketing experience, having held key leadership positions in commercial, innovation, and marketing functions within the Diageo business. The board is confident that Wafer’s experience and commitment to diversity and inclusion will drive improved performance and sustainable growth for the company.
Mark Sandys Departs from Guinness Nigeria Plc Board
The departure of Mark Sandys was also announced in the document. Sandys had been a member of the Guinness board since August 30, 2017 and was part of the company’s nomination, governance, and remuneration committee until his exit. The role previously held by Sandys will now be filled by Mrs. Grainne Wafer.
The board of Guinness Nigeria Plc wishes to express its gratitude to Sandys for his innovative contributions, strong strategic drive, and commitment to the company’s success. The board also wishes him success in his new role within Diageo.
Guinness Nigeria: A Unit of London-Based Diageo Plc
Guinness Nigeria is a subsidiary of London-based Diageo Plc and was established in 1962 as the first Guinness operation outside of Great Britain and Ireland. Prior to its incorporation, Guinness’ products were sold in Nigeria through the United Africa Company during the 1940s and 1950s.
In 1965, the brewer received a listing on the Nigerian Stock Exchange, and in 1977, became a subsidiary of Diageo. Despite an 8.5% growth in revenue, the company’s half-year earnings report, released last week, showed a 54.4% decline in net profit to NGN 4 billion.
Source: Premium Times