Nigeria: Guinness Nigeria announces appointment of new CEO
Guinness Nigeria Plc has announced the appointment of Baker Magunda as its new CEO. The former CEO, Peter Ndegwa, will take a new role at Guinness parent company, Diageo Plc, the Nairametrics reported on May 2.
This is Guinness fourth CEO in 5 years. In 2015, it appointed Mr. John O’Keefe as CEO taking over from Seni Adetu, a Nigerian. Within 6 months of taking the appointment, John was promoted President, Diageo Africa, making room for Peter Ndegwa (Kenyan) to take over.
Baker Magunda will join Guinness Nigeria from Diageo-owned Meta Abo Breweries in Ethiopia. Under Baker’s tenure, Meta Abo has seen the launch of the Guinness brand in the country and a strong innovation pipeline of brands brought to market.
He has nearly twenty years’ experience in the consumer goods and alcohol industry and has worked across Africa in Uganda and Kenya as well as Ethiopia and Sudan.
In 1963, Ikeja in Lagos Nigeria was chosen as the first location outside the British Isles to brew the Guinness brand. Two years later, in 1965, Guinness Nigeria was listed on the Nigerian Stock Exchange. Its share price is currently trading at ₦103.00 on the floor of the exchange.
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