Home Business Industry PZ Cussons announces CEO’s retirement, appoints new one

PZ Cussons announces CEO’s retirement, appoints new one

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The board of directors of PZ Cussons Nigeria Plc has announced the retirement of the Chief Executive Officer of the conglomerate and the appointment of a new one.

This was disclosed in a notification that was signed by the Company Secretary/Legal Adviser, Jacqueline Ezeokwelume, and sent on Thursday to the Nigerian Stock Exchange (NSE).

In the statement, the company disclosed that its Chief Executive Officer, Mr Christos Giannopoulos would retire from the company with effect from June 30, 2020.

The company also revealed the appointment of Mr Panagiotis Katsis as its new Chief Executive Officer with the effect from July 1, 2020.Christo Giannopoulos, who has an undergraduate degree from the University of Derby joined PZ Cussons (UK) in July 1988 and has over the years served the company in various roles and functions across the business before rising to the position of Chief Executive Officer in Nigeria in 2009. 
The CEO has served in other capacities within the conglomerate. They include Executive Director, PZ Cussons Ghana Limited, Director HPZ Nigeria Ltd, Director PZ Wilmar Nigeria Ltd and so on. The Board expressed its appreciation to Mr Giannopoulos for his service over the years.

In the same vein, the newly appointed Chief Executive Officer, Mr Katsis, joined the PZ Cussons Group in 1998 and has worked in a variety of senior roles which includes but not limited to General Manager, Commercial, Deputy Managing Director, PZ Cussons Nigeria Plc. He has been the Managing Director, HPZ/TEC since 2018.

PZ Cussons Nigeria Plc is a publicly listed Nigerian Manufacturer and distributor of consumer products such as detergents, toiletries, soaps and home appliances. It is a subsidiary of Manchester-based PZ Cussons Holdings which owns controlling shares in the firm. It has its headquarters in Lagos and has other subsidiaries like HPZ Ltd, PZ Tower Limited.

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