Beta Glass Plc has appointed seasoned finance executive Timothy Ononiwu as its new Chief Financial Officer (CFO), effective July 1, 2026, as the leading glass packaging manufacturer strengthens its executive leadership amid a challenging business environment.
The appointment was announced in a statement dated June 26, 2026, and signed by the company’s secretary, DCSL Corporate Services Limited. Ononiwu succeeds Hélène Paradisi, who has resigned from the role but will remain with the company until December 2026 to support a structured leadership transition and contribute to selected strategic projects.
The board thanked Paradisi for her contributions to the company’s growth during her tenure, expressing confidence that the transition would ensure continuity across the finance function.
Welcoming the new CFO, Beta Glass Chief Executive Officer, Alexander Gendis, said Ononiwu’s extensive experience in financial management, capital allocation, funding strategy and business transformation would support the company’s long-term growth ambitions.
“We are delighted to welcome Timothy to Beta Glass. His proven track record in financial leadership, capital management, funding strategy and business transformation will be instrumental as we continue to strengthen our financial position, support future growth investments and deliver sustainable value to our shareholders,” Gendis said.
Ononiwu brings more than three decades of experience spanning finance, corporate leadership and business transformation across the energy and infrastructure sectors. He holds a bachelor’s degree in Accounting from New Jersey City University and a Master of Business Administration (MBA) in Finance and International Business from Columbia Business School.
His career includes senior leadership positions at BBVA Securities, Geometric Power Limited and Axxela Limited, where he served as Chief Financial Officer for seven years before assuming wider executive responsibilities.
The leadership change comes at a pivotal time for Beta Glass as manufacturers continue to contend with elevated operating costs, exchange-rate pressures and softer consumer demand. Strengthening financial leadership is expected to help the company improve capital efficiency, optimise funding strategies and support future investment decisions.
For the first quarter ended March 31, 2026, Beta Glass reported revenue of ₦37.54 billion, down from ₦41.16 billion in the corresponding period of 2025. Profit after tax also declined by 21.48% year-on-year to ₦7.85 billion, reflecting the impact of the difficult operating environment on earnings.
Despite the weaker quarterly performance, the company expressed confidence that the leadership transition would be seamless, with the finance team continuing to provide strong support to management, shareholders and other stakeholders. Investors will be watching closely to see how the new finance chief steers the company through ongoing macroeconomic headwinds while positioning the business for sustainable long-term growth.
