Flour Mills appoints Anammah as board member
Flour Mills of Nigeria (FMN), Nigeria’s largest miller with 32 percent market share, has appointed Juliet Anammah to its board of directors effective from September 10, 2020.
This was contained in a notification sent to the Nigerian Stock Exchange (NSE) and signed by the company’s secretary, Umolu Joseph.
Described as an accomplished business consultant with extensive years of management consulting in different organisations, Anammah is the current chairman of Jumia Nigeria board and the head of institutional affairs across Africa. She also serves on the board of many non-profit organisations involved in women development and trade expansion.
Speaking on the appointment, John Coumantaros, chairman of the board, said the appointment reflected the firm’s determination to ensure a diverse mix of skills and viewpoints on the board.
“Her over 28 years of executive leadership experience in business consulting and e-commerce in Africa will be of tremendous value to FMN as we continue to position the group to take advantage of the changing consumer landscape in the foods and agro-allied sectors,” he said.
The giant miller despite the impact of the pandemic on business activities sailed through in the last three months ending June having realized a 15 percent increase in its revenue moving from the N134 billion it realized in 2019 to N154 billion in 2020.
Furthermore, the firm made an increase of 56 percent in its gross profit moving to N25 billion in 2020 from the N16 billion it realized in 2019, Flour mills also recorded an increase of 17 percent in its profit after tax earning N4.97 billion in 2020, from N4.23 billion in the same period of 2019.