Unilever Nigeria Plc Appoints New MD

The Board of Unilever Nigeria Plc has announced the appointment of Mr. Thomas Boedinger as its Managing Director, Mr. Rob O'Neill as its Finance Director and Mr. James Wandawanda as the Customer Development Director.

This was disclosed by the Chairman, Mr. Felix Ohiwerei, during an Investors' Forum held on the 5th of July 2007 at the company's premises, Oregun. Representatives of the Nigeria Stock Exchange, Stockbrokers, Shareholders and the Press were in attendance to learn about the Company's recent performance and investment plans.

The Management team assured all that Unilever has indeed recovered as evidenced by its growing market share, increase consumer off-take and its first quarter result. The overall response was positive with stakeholders expressing their appreciation for progress being made. However, expectations are very clear: Sustainable and profitable long term growth, nothing less.

According to the new MD, Mr. Boedinger, an economist, who until his new appointment was Vice President Unilever Foods Solutions, China, Unilever Nigeria is investing over N5bn in new manufacturing facilities and production upgrades. The investment, which is intended to take care of the domestic and export markets will be expended on the Personal and Homecare categories. The Chairman, Felix Ohiwerei, noted that the investment is at the heart of Unilever's confidence in the future and a demonstration of the commitment that the International group has in the future of its brands in Nigeria.

Unilever PLC

Unilever Nigeria Plc
1 Billings Way
Oregun
Lagos

T: +234 (1) 2793000
F: +234 (1) 2716068
yemi.adeboye@unilever.com bukunmi.akinseye@unilever.com

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