FLOUR MILLS OF NIGERIA APPOINTS NEW CHIEF FINANCE OFFICER

Lagos, Nigeria; August 30, 2018. Flour Mills Plc (“FMN” or “FMN Group”), market leader in food and agro-allied products in Nigeria, today, announces that Mr. Jacques Vauthier, will be resigning at the end of the year as its Chief Finance Officer.

The Board and management of FMN expresses their gratitude to Mr. Vauthier who has been with the Group for over seven years, for his time and dedication to the development of the business and wish him the very best in all his future endeavors.

In preparation of Mr. Vauthier’s exit, Mr. Anders Kristiansson, has been identified as his successor. Anders joins FMN with a wealth of experience working in senior and executive finance positions in several multi-national organizations in Nigeria and Across Africa, including, Procter & Gamble, Coca-Cola Hellenic, Lafarge Holcim and PZ Cussons Nigeria.

His rich experience in in these similarly complex, multi-site, publicly quoted, joint ventures, branded consumer products and industrial product companies, make him ready for a seamless transition into the position of the Chief Finance Officer.

Anders is a Certified Accountant with the Association of National Accountants of Nigeria (ANAN), certified in IFRS (Institute of Chartered Accountants, England and Wales) and an Alumnus of London Business School Advance Management Program. He studied in Canada and Germany and has a Master of Science degree in Business Administration and Economics from Gothenburg University, Sweden.

About Flour Mills of Nigeria Plc
Flour Mills of Nigeria Plc. (FMN) Group, is the market leader in food and agro-allied products in Nigeria, today. The Group is a fully vertically integrated foods company that primarily engages in flour milling, and food processing – Our flagship food brand, “Golden Penny,” is a staple in Nigerian homes, providing nourishment for millions of Families, every day. Our foods portfolio covers wheat-based products like Semovita, Masavita, Pasta, Noodles, and complementary foods like Vegetable oils, Margarine & Spreads, refined sugar, breakfast cereals and snacks.

Outside of foods, the FMN Group has made strategic investments in several agro-allied ventures, and support services that include several large-scale farms and support services like, polypropylene sack manufacturing, transportation, port operations and shipping.

With over twelve thousand full and part-time employees, Flour Mills is at the forefront of the green revolution in Nigeria with the use of locally sourced materials to develop and produce unique consumer products for local markets. This strategy is reducing dependence on imported raw materials, generating foreign exchange savings and creating value for businesses, consumers and the country at large.

PDF Press release:

FLOUR MILLS OF NIGERIA APPOINTS NEW CHIEF FINANCE OFFICER (83.04KB)