The board of directors of Guinness Nigeria has announced the appointment of a Nigerian, Adebayo Alli, as the new Managing Director, following the resignation of John Musunga.
In a corporate notice filed with the Nigerian Exchange Limited on Tuesday, Guinness Nigeria said that the board at its meeting on Monday considered and approved Musunga’s resignation as MD with effect from December 31, 2023.
The investor’s notice indicated that Musunga, who became Guinness MD on November 1, 2022, has been moved to another role within Diageo Africa.
“The Board considered and approved the resignation of Mr John Musunga as Managing Director with effect from 31 December 2023 following his imminent move to a new exciting role within Diageo Africa as the new Managing Director for Southern, West and Central Africa.
“The Board thanks Musunga for his brief but impactful stint as Managing Director of Guinness Nigeria Plc. In his time as Managing Director, the business delivered a stellar performance under difficult conditions and reshaped its strategy while also achieving high employee engagement. The Board wishes Mr Musunga all the very best in his new role.”
Meanwhile, the Board has approved the appointment of Adebayo Alli, as the new Managing Director of Guinness Nigeria Plc with effect from January 1, 2024.
Alli joined Diageo in 2005 as a Packaging Operations Support Manager and has worked in several senior leadership roles across manufacturing, supply and commercial.
The brewer said that Alli “has a proven track record of transforming business units, optimising end-to-end supply chains, leading commercial organisations to breakthrough and delivering results through a diverse and inclusive team in complex, uncertain and disruptive environments.”
In his current role as the Commercial Director, Guinness Nigeria said that “He has led the delivery of outstanding NSV growth, doubled Gross Profits, unlocked significant improvement in gross margins, grown, or held value share across priority categories and partnered with Guinness Nigeria’s distributors to deliver mutually profitable growth despite significant headwinds.
“Alli also transformed the commercial team in Guinness Nigeria to one with a digital-focused mindset and has successfully leveraged technological solutions to drive incremental growth, deliver productivity, embed operational safety, and sustain market share growth.”
He holds a BSc in Mechanical Engineering from the University of Ibadan; and an MSc in Advanced Process Engineering from Loughborough University, United Kingdom.