Nascon Allied Industries Plc has informed the Exchange, shareholders and general public of the resignation of the company’s Managing Director and Chief Executive, Mr Paul Farrer which is to take effect from March 3rd 2022. This was disclosed in a notice signed by the company’s secretary, A. A. Samuel, and filed with the Nigerian Exchange Limited.

The disclosure stated, “This is to inform Nigerian Exchange Limited, shareholders of NASCON Allied lndustries Plc (the Company) and the investing public that the Managing Director of the Company, Mr Paul Farrer, has given notice of his resignation as the Managing Director and Chief Executive of NASCON Allied lndustries Plc with effect from 13th March 2022”.

In addition, the company mentioned that the public will be notified as soon as the Board appoints a new Managing Director to succeed Mr Paul Farrer.

What you should know about Mr Paul Farrer

Before his appointment in 2015 as the Managing Director & Chief Executive at NASCON Allied Industries Plc, Mr Paul Farrer previously occupied the position of Non-Executive Officer at Food Concepts Plc.

About Nascon Allied Industries Plc

Nascon Allied Industries Plc is a member of the Dangote Group of companies. The company is involved in salt refining and distribution. The Company is also engaged in the processing of raw salt into refined, edible and industrial salt. The Company produces seasoning, tomato paste and vegetable oil, operating principally in Nigeria. It also produces other food-related products. Its segments include Salt, Seasoning, Tomato, Vegetable Oil and Freight income.

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