Modupe Oguntade Becomes New CEO/MD of Berger Paints

Modupe Oguntade, Berger Paints Plc’s Chief Finance Officer (CFO), has been appointed as the company’s Acting Managing Director/Chief Executive Officer.



In a notification to the Nigerian Stock Exchange (NSE), the company disclosed that Oguntade will be replacing Peter Folikwe, who will be exiting the Board, having completed his four-year tenure as the company’s Managing Director.

In line with Berger Paints successor policy, Oguntade’s appointment will take effect from January 7, 2019.

Oguntade joined Berger Paints Nigeria in 2016 as the Head of Finance. She trained with the firm of Coopers & Lybrand, Nigeria and qualified as a Chartered Accountant.

Her experience of more than two decades at management levels took her through quoted companies, multinationals and group of companies – SCOA Nig. Plc, Sooner Pipes Ltd, TY Group, Dangote Group.

Oguntade graduated from the former University of Ife (now Obafemi Awolowo University). She holds a Masters degree in Business Administration from Obafemi Awolowo University, Ile-Ife with specialisation in Management.

She is a fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and an Associate Member of the Chartered Institute of Nigeria (CITN). Oguntade has also attended several training programs in the course of her career and is a member of the SMP 12 class of the prestigious Lagos Business School.