The Board of Directors of Chemical and Allied Products Plc has announced appointment of Mrs. Bolarin Okunowo as Managing Director/CEO effective December 1, 2021 following the retirement of the current Managing Director, Mr. David Wright on November 30, 2021.
Bolarin is a seasoned business leader and finance specialist with over 17+ years’ experience in a range of roles spanning investment banking and financial services, manufacturing, oil and gas, real estate and hospitality. She joined UAC of Nigeria Plc Group in October 2018 and served as UACN’s Investment Executive responsible for managing the company’s investments in its Industrial businesses (paints, logistics and real estate). In her role as an Investment Executive, Bolarin was responsible for working with management teams to shape strategy and deliver commercial outcomes.
Prior to joining UACN, she was the Head, Energy & Infrastructure Finance at Stanbic IBTC Capital with responsibility for the oil and gas, power and infrastructure debt finance portfolio. Prior to Stanbic, Bolarin worked with ARM Investments Managers and PricewaterhouseCoopers. Bolarin is a qualified Chartered Accountant; she holds a Bachelor’s degree in Commerce from the University of Birmingham UK and a Master’s degree in Information Systems from the prestigious London School of Economics.
Bolarin served as the immediate past Managing Director of Portland Paints and Products Nigeria Plc, where she led a turnaround of the business and the implementation of the successful merger with CAP Plc. She was a Non-Executive Director of CAP Plc until July 2020 and is currently a Non-Executive Director of Livestock Feeds Plc.