Unilever appoints Jaime Aguilera as Non-Executive Director

NIGERIA – Unilever Nigeria Plc, a consumer good manufacturing company has announced the appointment of Mr. Jaime Aguilera as a Non-Executive Director with effect from January 1, 2021.

Mr. Jaime who was appointed Unilever Executive Vice President Africa, leading the Unilever business in the region earlier this year, joins the board with extensive experience in Sales & Marketing.

He started working with the multinational company in 2009 as Executive Vice President & Chairman Unilever Spain and was later appointed Executive Vice President Unilever East Europe in 2016.

“The Board warmly welcomes Mr Jaime Aguilera and wishes him all the best in his new role.”

Unilever Nigeria

According to Unilever Nigeria, Jaime is a well-rounded business professional, with broad operational expertise while working for top FMCG companies such as Coca-Cola, Nestlé and Procter & Gamble.

He is of Spanish origin and is an alumnus of the Universidad Pontificia de Comillas- ICADE. He majored in Economic Sciences, Management & Business Administration.

“The Board warmly welcomes Mr Jaime Aguilera and wishes him all the best in his new role,” stated Unilever Nigeria in a notice announcing the appointment.

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Meanwhile, the FMCG company, has reported a 93.9% rise in its third quarter revenue to N17.39 billion (US$45.7m) from N8.97 billion (US$23.57m) in the same period in 2019. Compared to the previous Quarter (Q2) of 2020 the rise in turnover is 21%.

The firm experienced significant revenue growth in two market segments, specifically Food products which rose to N9.83 billion from N5. 32 billion (US$13.9m) last year.

Despite the rise in revenue, the company incurred a loss after tax of N1.5bn (US$3.9m) for the quarter ended 30th September 2020.

However, this represents a 49% improvement when compared to loss after tax of N3.0bn (US$7.8m) recorded for the quarter ended 30th September 2019.

During the period under review, the company operated in a challenging environment characterized by foreign exchange and trade restrictions, contracting economy coupled with the COVID-19 pandemic disruptions.

Unilever Nigeria seeks to remain focused on its strategy to deliver sustainable growth both in the medium and long term, with clear emphasis on operational efficiency and cost optimization, increasing market share across key categories and improved route-to-market.

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