Atedo Peterside Leaves Unilever, Nigerian Breweries

By Dipo Olowookere

Business mogul, Mr Atedo Peterside, has exited the boards of Unilever Nigeria and Nigerian Breweries, both companies listed on the Nigerian Stock Exchange (NSE).

In a statement to the exchange, Unilever Nigeria explained that Mr Peterside resigned from its board so as to concentrate on the organisation he recently established for the fight against the Coronavirus disease (COVID-19) pandemic.

In the notice, the company thanked the businessman and serial entrepreneur for his contribution to the company and wished him success in his future endeavours.

“Unilever Nigeria Plc hereby gives the Nigerian Stock Exchange and the investing public notice of resignation of Mr Atedo Peterside, from the board of directors of Unilever Nigeria Plc with immediate effect.

“According to Mr Peterside, the resignation is to enable him focus on fulfilling the objectives of the ANAP Foundation COVID-19 Think Tank which he recently established in March 2020.

“Unilever Nigeria Plc thanks Mr Peterside for his priceless contribution to the board of Unilever Nigeria Plc over the years and wish him every success in his future endeavours,” the firm said.

In the same vein, Nigerian Breweries Plc has announced the resignation of Mr Peterside from its board of directors for a similar reason he left Unilever Nigeria.

The brewery giant also made this announcement in a message to the exchange.

“Nigerian Breweries Plc hereby informs the Nigerian Stock Exchange and the investing public of the receipt from Mr Atedo Peterside, a notice of resignation from the company’s board of directors.

“Following the outbreak of the Coronavirus pandemic, Mr Peterside recently set up the ANAP Foundation COVID-19 Think Tank.

“Mr Peterside informs the board that his resignation is to enable him focus fully on fulfilling the objectives of the Think Tank especially as the pandemic continues to escalate.

“The resignation takes effect on April 1, 2020.

“Mr Peterside joined the board on August 21, 2008 and served as the Chairman of the Remuneration Committee and subsequently the Governance Committee during his time on the board,” the brewer stated.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

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