SAVAGE, AKINKUGBE JOIN MOUKA BOARD OF DIRECTORS

Mouka Ltd, leading manufacturer of mattresses, pillows, beddings and other polyurethane products, has announced the appointments of Babatunde Savage and Olaolu Akinkugbe to the board of Director of the company.

According to the company, the appointments of the duo is aimed at enhancing corporate governance, manage the oversight function of the business and long-term strategy and objectives of the company while evaluating and directing implementation of company controls and procedures.

Before this appointment, Babatunde Savage’s career in Guinness Nigeria has spanned 26 years. In that period, he held executive positions in Finance, Corporate Planning and Corporate Relations. He joined the Board of Guinness Nigeria in 1996. Tunde Savage holds an honours degree in Physiology from the University of Ibadan and is a product of the famous Igbobi College, Lagos.

He worked in Coopers & Lybrand (now PriceWaterhouseCoopers) from 1978 to 1983 as a Chartered Accountant. He has attended various local and overseas management-training courses in reputable institutions including Cranfield School of Management and Harvard Business School.
He is a Fellow of both the Institute of Chartered Accountants of Nigeria (ICAN) and the Chartered Institute of Taxation of Nigeria (CITN). He is the Chairman of the Beer Sectoral Group of the Manufacturers Association of Nigeria (MAN) and a council member of both the Nigeria Employers Consultative Association (NECA) and International Chamber of Commerce (ICC).

Also, Olaolu Akinkugbe is the Chairman / CEO of L. A. Consultancies Limited. Often described as an icon in the Nigerian Soft Drinks Industry with over three decades experience, Olaolu commenced his career in 1971 at Nestle Nigeria, before joining the Nigerian Bottling Company in 1973, and ultimately Coca-Cola International as External Affairs Director for Nigeria, but with portfolio spanning the English West Africa in the areas covering Government Affairs, Corporate Social Responsibility, Media and Communications.

In recognition of Olaolu’s sterling qualities, upon his voluntary retirement from the Coca-Cola Company in March 2006, Coca – Cola’s franchise bottler in Nigeria, the Nigerian Bottling Company appointed him to its Board of Directors as a Non-Executive Director.  Olaolu is also on the Boards of many other blue chip companies and associations, and currently the National President of the Nigerian American Chamber of Commerce.

Olaolu did his postgraduate studies in Management at the Cranfield University, Bedford, England in 1976. He is also a 1996 graduate of the Advanced Management Program; AMP of the prestigious Lagos Business School. He is also a Board member, Lagos Business School Alumni Association, LBSAA, Life member The Nigeria Britain Association, Fellow of the Institute of Directors, Nigeria, Past President of the Rotary Club of Ikeja in Lagos and a Trustee of the Ondo State Handicapped Education Foundation (HANDEF).

Reacting to the appointments, the Managing Director/CEO Mouka Limited, Peju Adebajo opined that “As we continue to grow our footprint in the local and global market, Savage and Akinkugbe are quite instrumental to leverage our corporate brand strategy and effort to go from strength to strength on regional and global levels.”

Adebajo added that all directors are appointed on the basis of certain competencies including experience in marketing, general operations, strategy, human resources, accounting, retail, consumer products, product design and international business logistics. In addition to having one of more of these competencies, candidates for appointment as directors are identified and considered on the basis of knowledge, experience, integrity, leadership, reputation and ability to understand the company’s business.

Other members of the board include Adedotun Sulaiman, Chairman Board of Directors, Hassib Moukarim, Alternate Director, Peju Adebajo, Managing Director, Mouka Limited, Ngozi Edozien, Managing Director, Actis and Yann Pambou Director, Actis.{jcomments on}