The Managing Director of GSK Consumer Nigeria Plc, Mr. Chidi Okoro will resign from the company with effect from March 15, 2014. The Chairman of the GSK Consumer Nigeria, Chief Olusegun Osunkeye, who announced the resignation Monday, said until the Board appoints a substantive MD, Mr. Justin Korte will serve as director and General Manager. Korte was promoted in 2011 to Sales Director, Africa.
Osunkeye explained that Okoro, who has worked for seven years in the company, four of which he spent as MD, resigned voluntarily to pursue other career opportunities.
I want to thank Mr. Chidi Okoro for his leadership of our business. Chidi has been instrumental to the success of GSK Consumer Nigeria Plc. He has doubled our sales growth over the past four years while improving the way we run the business.
He oversaw the launch of Sendodyne, Horlicks and other products. I am proud that he is the first Nigerian MD of GSK Consumer Nigeria and I wish him the best in his future endeavours
Osunkeye said Okoro’s exit has nothing to do with GSK Consumer United Kingdom’s bid to raise its stake in the Nigerian business, saying negotiations were still on-going in that regard and the parent firm remained committed to the growth of GSK Nigeria.
Speaking on his experience in the company, Okoro said
I believe the time is right for me to move on to other challenges. GSK Nigeria has a great future and it is an opportunity for someone new to make their mark on this great business and lead the company into the future. I believe I have played my part in the evolution of our company. It has been an immense learning experience as well as an opportunity to work with some of the best people in the corporate world
GSK Shares remained flat at N68.05