Portland Paints appoints Okunowo non-executive director

Portland Paints & Products Nigeria Plc has appointed Mrs Bolarin Okunowo as its second non-executive director.

Her appointment to that capacity entails policy-making and planning exercises for Portland Paints.

The appointment, which took effect on May 29, 2019, was announced by Portland Paints through a statement published on the Nigerian Stock Exchange (NSE).

Okunowo has over 15 years’ experience as a financial expert, and will offer the company debt advisory, corporate finance, principal investments, and financial management counsel.

She is currently UAC Group’s Head of Corporate Finance. In this role, she is saddled with the responsibility of recapitalising UACN Property Development Company Plc, a subsidiary of the UAC group.

Bolarin joined UAC Group in 2018 as Head, Corporate Finance, charged with the recapitalization of UACN Property Development Company PLC, a subsidiary of the UAC Group.

Prior to joining UAC Group, Bolarin was the Head, Energy & Infrastructure Finance at Stanbic IBTC Capital with responsibility for the oil and gas, power and infrastructure debt finance portfolio.

She led the execution of debt advisory and debt arranging mandates for large scale energy and infrastructure projects in Nigeria. She has extensive experience in debt restructuring and recovery for complex transactions most notably in the wake of the 2015 oil price crash.

While at Stanbic, she was seconded to the oil and gas debt finance team in Standard Bank London and gained quality experience in international debt finance best practice.

Prior to Stanbic, she was part of the investment banking team at Asset & Resource Management Co. (ARM) where she pioneered work on the company’s Hospitality & Retail Fund as well as executed a host of financial advisory mandates across multiple sectors including infrastructure, government (PPP), aviation, real estate (retail & hospitality), advertising, food and financial services.

Prior to joining ARM, she had worked at Pricewaterhouse Coopers (PwC) providing audit services to the firm’s financial service clients.

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.

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