Atedo Peterside steps down from the Board of Nigerian Breweries

NIGERIA – Nigerian Breweries has announced the resignation of Mr Atedo Peterside as a non-Executive Director from its board.

This was disclosed in a notification, which was signed by the firm’s Company Secretary, Uaboi G. Agbebaku and sent to the Nigerian Stock Exchange (NSE) on April 1, 2020.

Peterside, who just set up the Anap Foundation COVID-19 Think Tank, following the outbreak of the coronavirus pandemic stepped down from the board on April 1, 2020

In the written communication to the NSE and the investing public, Peterside told the Board that he resigned in order to focus on fulfilling the objectives of the Think Tank, especially as the pandemic continues to escalate.

Peterside joined the board of Nigerian Breweries on August 21, 2008, and throughout his stint with the company, served as the Chairman of the Remuneration Committee and also Governance Committee.

He obtained his B.sc Economics from the City University, London. He also got his M.Sc Economic from London School of Economics.

He founded Investment Banking and Trust Company (IBTC) in February 1989 and was the pioneer CEO.

The CBN’s order on recapitalization led the bank to merge with Chartered Bank and Regent Bank on December 2005. On September 24, 2007, it merged with Stanbic Bank Nigeria to form Stanbic IBTC.

He was the Group Chairman Stanbic IBTC Holdings. He is currently the Chairman of ANAP Business Jets Ltd and has been the Chairman of Cadbury Nigeria Plc since 2010.

With the recent out-break of COVID-19 virus, companies, organizations, institutions and individuals across the globe have chipped in through funds and kind to curb the spread of the epidemic and mitigate its effect.

The coronavirus outbreak, which was declared as a global pandemic by the World Health Organization on 11th March 2020, has called for robust measures beyond basic actions.

Amidst this crisis, food and beverage companies and retailers definitely have a significant role to play towards ensuring that consumers have access to fresh and high quality foods as well as promoting their health and well-being.

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