Meyer Plc announces new appointment

The Board of Directors of Meyer Plc, in a notice to the investing public, has announced the appointment of Mrs Jane Ijegbulem as its new Company secretary. Ijegbulem replaces former company secretary, Mrs Ifetola Fadeyibi who exited the company on February 12, 2020.

According to the notification signed by the company’s Managing Director, Devashish Nath and published on the website of the Nigerian Stock Exchange (NSE), the appointment took effect from Thursday, February 13. 2020.

A glance at Ijegbulem’s profile: The new Company secretary is a lawyer with over 10 years of experience spanning Company secretarial, Corporate Compliance, Human Resources, and Administration. She is a graduate of the University of Benin and a member of the Institute of Chartered Secretaries and Administrators.

Prior to joining Meyer Plc, Ijegbulem was the Legal and Compliance Officer and subsequently Head of Legal, Compliance, and Administration at NASD Plc, promoters of the NASD OTC Securities Exchange.

About Meyer Plc: Meyer Plc, formerly DN Meyer Plc, was incorporated in Nigeria in 1960 and listed on the Nigerian Stock Exchange (NSE) in 1979. For nearly sixty years, it has been manufacturing and marketing wide-ranging, high quality industrial/marine paints, road lining paints, architectural paints, wood paints, roof lining paints, tube coatings, adhesives, etc.

In the past 56 years, Meyer Plc has undergone a series of corporate changes and re-branding. Formerly an offshoot of Hagemeyer Nigeria Limited, its name was rebranded to Meyer Paints in 1994, following Dunlop Nigeria’s acquisition of majority shares in the parent company.

By 2003, Dunlop Nigeria Plc had divested its majority shares in the parent company, meaning that Meyer Paints ceased to be its subsidiary. Its current name, Meyer Plc, came to being in 2010 after a new set of core investors led by Citiprops Limited acquired controlling shares in the company.

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