Beta Glass reshaped its board as the company adjusts to new ownership by Helios Investment Partners.
First, the company announced four new Non-Executive Directors in a Nigerian Exchange filing.
DCSL Corporate Services Limited signed the filing as the company’s official secretary.
Beta Glass Board Reshuffle Begins
The board appointed Nitin Kaul, Olusola Carrena, Bolaji Olatunbosun Osunsanya, and Boye Olusanya.
Meanwhile, Emmanouil Metaxakis, Vassilis Kararizos, Serge Joris, and Gagik Apkarian stepped down from the board.
As a result, Beta Glass expects fresh industry perspectives and stronger governance during its next growth phase.
Directors Bring Investment Expertise
Nitin Kaul brings experience in strategy, mergers, restructuring, and business transformation across developed and emerging markets.
Currently, he works at Helios Investment Partners and focuses on investment strategy and portfolio management.
Earlier, he co-founded an advisory firm specialising in mergers, acquisitions, and operational performance improvement.
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He also led Gates Corporation through its 2014 sale to private equity firm Blackstone.
Similarly, Olusola Carrena brings investment banking, private equity, and corporate finance experience across multiple sectors.
At Helios Investment Partners, she manages deal origination, execution, and portfolio investment oversight.
Previously, she worked at Stanbic IBTC Capital Limited and rose to Executive Director.
During that time, she led transactions across oil, FMCG, infrastructure, healthcare, and financial services sectors.
Bolaji Olatunbosun Osunsanya also brings leadership experience across energy, finance, and infrastructure industries.
He previously led restructuring efforts at Axxela and held senior roles at Oando Plc.
Ownership Shift Drives Change
The board reshuffle follows a major ownership change announced earlier by Frigoglass Group.
In December 2025, Frigoglass agreed to sell its stake in Frigoinvest Nigeria Holdings.
The deal with Helios Investment Partners was valued at up to €100 million.
Frigoinvest Nigeria Holdings includes Beta Glass and Frigoglass Industries Nigeria Limited manufacturing operations.
Since then, investor interest has remained strong, supporting Beta Glass’s strong market performance.
The stock has gained over 34% year-to-date and currently trades around ₦498.5 on the exchange.
