Grand Cereals taps experience of seasoned professional Bode Agusto to be company’s Board Chairman

NIGERIA – Grand Cereals Limited, a subsidiary of UAC Plc, has announced the appointment of Mr Bode Agusto as its new Chairman of the Board, taking over from Mr Bode Emmanuel.

Mr Emmanuel has retired from Grand Cereals, creating an avenue for new leadership to take charge at the integrated food company.

The Chairman of UAC’s board of Directors, Mr Daniel Agbor, described Emmanuel’s dedication, skill and leadership as the key ingredients to GCL’s success.

“Since joining Grand Cereals, Chief Emmanuel has been at the forefront of innovative developments that have taken the company to the leadership position in the industry.

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“Grand Cereals has not merely survived but thrived is testament to the knowledge, skill, experience, leadership, and dedication of Mr. Bode Emmanuel,” said Mr Agbor.

Mr Emmanuel is credited with playing a leading role in expanding GCL’s production footprint to Onitsha, Anambra State, via a state-of-the-art plant.

This has considerably improved the company’s production capacity, leading to a sizable increase of market share.

He was also instrumental in diversifying the company’s product range to improve returns on a risk adjusted basis. This led to the production of fish, ruminant and pig feed in the livestock category and dog food in the pet category.

“I have enjoyed every minute that I have been here, and I am highly convinced that my successor can take the company to even greater heights.”

Mr Bode Emmanuel

Mr Emmanuel is a Chartered Accountant par excellence and a Fellow of the Institute of Chartered Accountants of England and Wales (ICAEW) as well as a member of the Institute of Chartered Accountants of Nigeria (ICAN).

As a seasoned administrator with a vast wealth of experience, Mr Emmanuel has served as the Chairman of the Board of many local and international corporate organizations. These include: BoriniProno & Co. Limited, Trevi Foundations of Nigeria Limited, Foundation Construction Limited, Saipem (Nigeria) Limited and Hogg Robinson Nigeria Limited.

Others are Nigerian Life & Provident Company Limited, Sterling Assurance Company Limited, Macmillan Nigeria Publishers Limited – Publishers of Primary, Secondary and Tertiary Books and Publications in Africa -amongst others.

Thanking the board and shareholders of GCL for the opportunity to serve as chairman, Mr Emmanuel said, “I have overseen a period of controlled growth and I am happy to be leaving the company in its current situation, although I’m aware that it is the efforts of all the board members and their teams that got us here.

“I have enjoyed every minute that I have been here, and I am highly convinced that my successor can take the company to even greater heights.”

The incoming Chairman of the board, Bode Agusto, is the founding Managing Director of Agusto & Co., a pan-African credit rating agency and a leading provider of industry research.

He is a Chartered Accountant and has over four decades of work experience in both the private and public sectors.

He was an Assistant Vice President in Citibank Nigeria, a Partner in PwC, and Director-General & Adviser (Budget Matters) to President Obasanjo during his second term in office.

Mr Agusto was also a non-Executive Director of the National Pension Commission (PenCom), the Shell Nigeria Pension Fund, and a member of the Monetary Policy Committee of the Central Bank of Nigeria.

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