NIGERIA – West Africa’s snack manufacturing giant, Cadbury Nigeria Plc has announced the appointment of Mr. Adedotun Sulaiman, as the new Chairman of its Board of Directors, effective immediately.
Mr. Sulaiman, will replace Mr Atedo Peterside who stepped down as Board chairman on June, this year.
Mr. Sulaiman assumes Cadbury Nigeria’s Board leadership with almost 40-years’ experience in strategic plan development, organisation design, human resource management, technology planning and process re-engineering.
The renowned management and strategy consultant was first appointed into the Board of Cadbury Nigeria Plc as a Non-Executive Director in August 2009.
He previously served as a Country Managing Director and Chairman of Accenture Nigeria, and he currently sits on and/or chairs the board of several companies and not-for-profit organisations.
Some of the Company’s where Mr. Sulaiman is board member include; ABSA Nigeria Plc, Interswitch Limited, Cornerstone Insurance Plc, The Corona Schools Trust, and Greensprings Schools.
He is also Vice-Chairman of the University of Lagos Advancement Board, and Chairman of the Financial Reporting Council of Nigeria (FRCN).
Speaking on his appointment, Managing Director, Cadbury Nigeria Mrs. Oyeyimika Adeboye said, “Mr. Sulaiman’s professional track record of excellence in the private sector and strong commitment to corporate governance principles, make him a natural fit for the role.”
Mrs Oyeyimika further noted that Sulaiman brings on board, his integrity, wealth of experience, and exemplary leadership style that have made him one of the most respected business leaders in Nigeria today.
The appointment comes even as Cadbury Nigeria Plc released its financial results for H1 2020 which showed a decline in revenue generated for the first half of the year when compared to the same period of 2019.
In the unaudited financial statement released through the Nigerian Stock Exchange, the company’s revenue stood at N15.917 million (US$41.720 million) in the first half of the year, down from the N19.455 (US$50.820 million) reported in the corresponding period of 2019.
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