Consumer goods maker, PZ Cussons Nigeria Plc, has announced the retirement of Chief Kola Jamodu as its Board Chairman. The retirement was will take effect on December 11th, 2020, according to a statement that was issued by the NSE-listed firm.
Kola Jamodu has been with PZ Cussons for the past 46 years after he was hired in 1974. He held several executive positions and at some point served as the company’s Chief Executive Officer. Following the expiration of his CEO tenure in 1999, he took up the position of Non-Executive Chairman of the Board and held the position for for barely one year before he was appointed a Federal Minister of Industry.
By 2003, his ministerial appointment was over and he was reappointed as Chairman of PZ Cussons Nigeria Plc in November 2014. He has since held the position and will now be retiring to pursue other interests.
“An alumnus of the Harvard Business School, Boston, USA, Chief Jamodu is a fellow of the Institute of Chartered Accountants of Nigeria; a Fellow of the Chartered Institute of Taxation of Nigeria; a Fellow of the Chartered Institute of Management Accountants, London and a Fellow of the Institute of Chartered Secretaries & Administrators (ICSA), London. A Chartered Global Management Accountant (CGMA), Chief Jamodu is also a Distinguished Fellow of the Institute of Directors, Nigeria. He is an Honorary Member of the Nigerian Industrial Policy and Competitiveness Advisory Council,” said part of the statement which was seen by Business Elites Africa.
In the meantime, Kola Jamodu, who was a one-time President of the Manufacturers Association of Nigeria and past President of the Harvard Business School Alumni Association of Nigeria, will continue to serve as the Board Chairman of Nigerian Breweries Plc.
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