NIGERIA The Board of Flour Mills of Nigeria Plc has announced the retirement of Mr. George Stavros Coumantaros as the Chairman of company.


A statement from the company said Coumantaros had been endowed with the title of Founder/ Chairman Emeritus and would remain on the board of the company as a Non-executive director for Life.

However, the statement said Coumantaros’ son, Mr. John George Coumantaros has been appointed as the Chairman of Flour Mills of Nigeria Plc with immediate taking effect.

“John Coumantaros, an experienced and successful entrepreneur, sits on the board of several international companies. He was born in 1961. He graduated from Yale University with a B.A. Degree in History in 1984,” it added.

He began his long relationship with Flour Mills of Nigeria Plc in 1984 and was appointed to the board of the company as a Non-executive director in 1990.

He served as Non-executive Vice Chairman of the Company since 2012 before his present appointment as Chairman of the Board of Directors of Flour Mills of Nigeria Plc on 10th September, 2014.

He is the current Chairman of the Board of United Cement Company of Nigeria Limited, Calabar, Cross River State, Nigeria. He also sits on the Board of the Oxbow Carbon LLC, a leading international energy company and is a director of ELBISCO a fast moving consumer food business in Athens, Greece.

John Coumantaros has over 30 years’ experience in international trade, logistics, manufacturing and industry and is passionately dedicated to continuing the evolution of FMN Plc with its Golden Penny Food Brands as one of the leading fast moving consumer food companies and largest agro-allied concerns in Nigeria and in Africa.

In announcing the change of baton, Flour Mills’ Group Managing Director, Mr. Paul Gbededo stated: “while we congratulate the Founder/Chairman Emeritus for his outstanding visionary leadership and resounding successes of over 50 years, we welcome John, our new chairman and pray that his dynamic and inspiring leadership style will bring exceptional growth to FMN.”

October 2, 2014;