NIGERIA – Cadbury Nigeria Plc has appointed Mrs Oyeyimika Adeboye as the company’s new Managing Director effective 1st April 2019.
Mrs Adeboye takes over from Mr Muhammad Amir Shamsi – who will take on a new role within Mondelez International, the parent company of Cadbury Nigeria, reports Beverage Industry News.
Mr Amir Shamsi, a Pakistani national, assumed office in February 2017, after the firm experienced poor financial performance in 2016, to try and redirect focus.
Since his appointment he has managed to uplift the face of the company reflected by growth in revenues and increase in profits – owed to his experience in the food sector and Mondelez International.
Commenting on Shamsi’s time at Cadbury Nigeria, the company said:
“During his tenure as Managing Director, Mr Shamsi made an invaluable contribution to the turnaround of the business, and drove Cadbury’s growth agenda with respect to top-line, bottom line, and talent.”
The new managing director, Mrs Adeboye, is a chartered accountant and joined the Board of Cadbury Nigeria as Finance and Strategy Director, West Africa region in November 2008.
Mrs Adeboye has served accounting and managerial positons in various fast moving consumer goods companies across the globe.
Prior to joining Cadbury Nigeria, she was the Director of Finance and Chief Financial Officer of Nigerian Bottling Company Plc.
She previously worked for the erstwhile Accounting and Tax Practice of Arthur Andersen & Co as well as the United Kingdom Accounting practice of Midgley Snelling & Co., Chartered Accountants.
Mrs Adeboye holds a Bachelor of Science honours degree in Economics and Social Studies from the University College Cardiff, Wales and executive management education certification from the Institute of Management Development (IMD), Lausanne, Switzerland.
She is a fellow of the Institute of Chartered Accountants in England and Wales and a member of the Institute of Chartered Accountants in Nigeria.
Mrs Adeboye would be the first woman Managing Director in Cadbury Nigeria history. Her appointment attests to the Company’s commitment to promoting gender equality, diversity and inclusion.