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Nygard steps down as Berger Paints MD

By on February 4, 2015

The Board of Directors of Berger Paints Nigeria Plc on Monday announced the exit of the company’s Managing Director, Mr. Tor Nygard, from its services.

According to the company, the move follows the expiration of Nygards’ contract on of January 31, 2015.

Berger Paints said in a statement made available to our correspondent on Monday that Nygard had joined the company in November 2009 as the Deputy Managing Director (designate).

He moved on to become an executive director before being appointed as the managing director.

“His tenure is associated with a number of reforms, including the expansion of the color world centres and the factory modernisation project that is currently being implemented,” the statement read in part.

According to the statement, the company’s Chief Operating Officer, Mr. Jatin Madan, will act as Chief Executive Officer, pending the appointment of a new managing director.

It added that the company had also appointment Mr. Sanjay Datwani to its Board of Directors.

Datwani graduated from Boston University, Massachusetts, USA with a Bachelor’s degree in Business Administration, the statement said.

According to it, Datwani is the Managing Director of Clayton Finance Limited, a company which specialises in the export of raw materials for industry to West African region.

 

[Punch]