Dimitrios Kostianis has stepped down from his role as the Chief Executive Officer of PZ Cussons Nigeria Plc after three years. The company announced his resignation in a notification to shareholders, the investing public, and the Nigerian Exchange Limited, signed by its Company Secretary, ALSEC Nominees Limited.

Kostianis is stepping down from the role to take up a new position within the PZ Cussons Group. According to the notification, Kostianis’ resignation took effect on May 31, 2026. The company said he will also resign from the Board of PZ Cussons Nigeria Plc.

The Board expresses its sincere appreciation to Mr. Kostianis for his service and contributions to the Company and wishes him continued success. The company added that Kostianis served with dedication and contributed significantly to the turnaround and growth of the business, including the restoration of profitability and a positive equity position during his tenure.

PZ Cussons Nigeria also announced the appointment of Oghale Joseph Elueni as its new Managing Director and Chief Executive Officer, effective June 1, 2026.

The Board has approved the appointment of Mr. Oghale Joseph Elueni to the Board of Directors as Managing Director/Chief Executive Officer of the Company with effect from 1st June 2026. The Board is confident that his leadership capabilities, commercial experience, and deep understanding of the business will support the continued growth and strategic direction of the Company.

Elueni currently serves as Managing Director of the company’s Consumer business and has been with PZ Cussons Nigeria since 2021. Before joining the company, he held senior leadership roles at SC Johnson and Procter & Gamble across Africa and the United States. He brings more than 20 years of experience in the consumer goods sector, with extensive leadership experience across Nigeria and other emerging markets.