CORPORATE NEWS: CADBURY NIGERIA; RAK UNITY PETROLEUM

NEW CEO FOR  CADBURY NIGERIA

From February 1, this year, a new managing director and CEO will be taking over at Cadbury Nigeria PLC.

He is Mr Muhammad Amir Shamsi and he will be replacing Mr Roy Naaman whose resignation will become effective January 31.

According to a release jointly signed by Bala Yesufu, Director corporate and government affairs, and Fola Akande, Company secretary, Mr Shamsi is not new to this part of the world.

This is because between September 2012 and September 2013 he was head, new categories, gum and candy, West Africa and from then till March 2016, Marketing director. West Africa.

Currently he is Director, Innovation, kids wholesome global biscuits. East Hannover, USA.

His working careers dates back to July 1998 when he worked with OJ Foods ( a licensee of Nabisco international).

From then on, he climbed corporate ladders at different organisations such as Account planner, Walls Icecream up to October 2001; Brand manager, oral care GlaxoSmithkline 2001 to 2004; before moving to Pakistan as marketing manager, decorative paints, then a stint with ICI paints.

RAK UNITY PETROLEUN CHANGES YEAR END

The board of directors of Rak Unity Petroleum PLC has resolved to change the company's end of financial year to December 31 from March 31 with effect from December 2016.

According to a formal notice from the company secretary, AlSEC Nominees ltd. the change was effected by a written resolution of December 7, 2016.

The notice further explained that the change was effected based on advice from external auditors "for ease ofrevonciling with the accounts of other downstream entitities to which Rak Unity Petroleum relates".

In effect, the 2016 accounts will cover nine months from March 2016 to December 2016.



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