Mr Atedo Peterside has on Wednesday resigned from the Nigerian Breweries (NB) Plc board of directors.
The NB disclosed this development through its Secretary Mr Uaboi Agbebaku, in a notice on Wednesday on the NSE web site.
“Nigerian Breweries hereby informs the Nigerian Stock Exchange (NSE) and the investing public of the receipt from Peterside, a notice of resignation from the company’s Board of Directors.
“Following the outbreak of the Coronavirus pandemic, Peterside recently set up the Anap Foundation COVID-19 Think Tank,” Agbebaku said.
He explained that Peterside informed the board that his resignation was to enable him focus fully on fulfilling the objectives of the Think Tank, especially as the pandemic continues to escalate.
According to him, the resignation takes effect on April 1.
“Peterside joined the board on August 21, 2008 and served as the Chairman of the Remuneration Committee and subsequently the Governance Committee during his time on the board,” he added.