The Board of Directors of Guinness Nigeria Plc. has appointed Mr. John Musunga as its Managing Director/Chief Executive Officer.
In a Notice to the Nigerian Exchange Limited on Tuesday, the Board said the appointment will take effect from 1st of November 2022.
Musunga’s appointment followed the retirement of the current MD/CEO, Mr. Baker Magunda from Diageo Plc after over 23 years of service.
Magunda’s resignation from the Board of Guinness Nigeria Plc takes effect from 31st October 2022.
The new MD/CEO, Musunga, is the current Managing Director, Kenya Breweries Limited, a subsidiary of EABL.
The new MD brings to the Board extensive experience in business transformation within the consumer goods industry, having previously held leadership roles across Commercial, Sales and Marketing positions in GlaxoSmithKline Plc within Sub-Saharan Africa, South Asia, and Eastern Europe.
Musunga joined Diageo in March 2021.
The Board is optimistic that the leadership of the company would be further strengthened through Musunga’s invaluable experience and passion in developing strong talent and in driving overall business transformation through sustainable growth and delivery of value to stakeholders.
Magunda, who until his resignation served as the Managing Director/Chief Executive Officer of the company, was appointed to the Board of Guinness Nigeria Plc in July 2018.
The company said: “Magunda has been a truly valuable leader in Diageo and Guinness Nigeria who has led and inspired a remarkable turnaround in the fortunes of Guinness Nigeria evidenced most recently by the Company’s recent phenomenal 2022 audited results.
“The Board of Guinness Nigeria expresses its appreciation to Mr. Magunda for his service, his strong and passionate leadership, strategic focus and contribution to the growth and success of the company and wishes him all the best in his future endeavours.”