Africa, Business, invesment, Invesments, news, Uncategorized, World Bank, World Bank Group

Africa News January 14, 2014 at 09:41AM

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VENTURES AFRICA – Come March 15, the Managing Director of GSK Consumer Nigeria, Chidi Okoro will officially resign from his position as the company head.

According to Chief Olusegun Osunkeye, the chairman of GSK Consumer Nigeria; Okoro who has worked with the company for seven years, four of which he spent as MD, resigned voluntarily to pursue other career opportunities.

He denied suggestions that Okoro’s exit has to do with GSK Consumer United Kingdom’s plan to raise its stake in the Nigerian business, as negotiations are still on-going in that regard.

Okoro’s resignation was on his own volition, he maintained.

“I want to thank Mr. Chidi Okoro for his leadership of our business. Chidi has been instrumental to the success of GSK Consumer Nigeria Plc. He has doubled our sales growth over the past four years while improving the way we run the business.”

Chidi, a Pharmacy degree holder from the University of Nigeria, Nsukka has been credited for being a member of the team that helped the company achieved a turnover of N9.9 billion in 2007 which was driven to an all time high of N15 billion as at 3rd December, 2009 while he worked as the company’s Sales Director.

Last year, he was awarded the prestigious Most Outstanding CEO of the Year Award at the 2013 PEARL Awards Nigeria while his company won the Sectoral Leadership Award in the Health Care (pharmaceutical) category at the event.

“It has been a fulfilling four years serving as the MD of GSK Consumer Nigeria PLC,” Okoro said, commenting on his experience as head of GSK Nigeria.

Meanwhile, GSK Board has appointed Mr. Justin Korte, to serve as the interim Director and General Manager.

Korte, a South African who was promoted to the position of Sales Director, Africa in 2011, joined GSK from Gillette in early 2005.

Osunkeye said GSK Nigeria Board will now focus on selecting a suitable successor that shares the great value of GSK and is committed to maintaining the growth of its business.


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