Guinness Nigeria sacks Seni Adetu as MD, after series of poor results

Guinness Nigeria Plc has announced the sacking of Mr Seni Adetu as its Managing Director. The company stated that Guinness Nigeria Plc results have been allegedly decline
since Adetu became Managing Director, posting weaker margins year after year and losing market share in its wake.

The company share price has also lost significant value dropping from about N290 a year ago to about N175 this month.

The Company also announced the appointment of Mr. John O’Keefe as Mr. Adetu’s successor. Mr. O’Keefe, an Irish national, has been in Diageo for over 20 years, and has had a very strong career.