Tag Archives: Baker Magunda

Guinness Nigeria announces Board approval of Baker Magunda as new Managing Director

Guinness Nigeria Plc, announced on Thursday that its Board of Directors has approved Mr Baker Magunda as the company’s new Managing Director / Chief Executive Officer with effect from 1st July 2018.

Mr Peter Ndegwa, the company’s former Managing Director / Chief Executive Officer, gave his notice of resignation on 30th June 2018 and the Board accepted his resignation on the same date.

Guinness Nigeria makes transitional change; appoints Magunda as new CEO

Guinness Nigeria announced on Wednesday that CEO Peter Ndegwa will be stepping down to take up a new role within Diageo plc, Guinness Nigeria’s parent company. Baker Magunda, currently Managing Director of Meta Abo Brewery in Ethiopia will take over as the new CEO of Guinness Nigeria, following a period of transition.

Peter has been at Guinness Nigeria for nearly three years and has overseen the recent transformation at the company, including the successful Rights Issue and implementation of the productivity programme, the company said in a statement. Recent Q3 financial performance has shown the improvement that these projects are delivering.