Home Business News Cadbury Nigeria Plc appoints new managing director

Cadbury Nigeria Plc appoints new managing director

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Cadbury Nigeria Plc today announced the appointment of Mrs. Oyeyimika Adeboye as Managing Director, effective 1st April 2019. Mrs. Adeboye takes over from Mr. Amir Shamsi, who moves on to a new role within Mondelēz International, the parent company of Cadbury Nigeria.

Mrs. Adeboye is the first woman to be appointed Managing Director since the establishment of Cadbury Nigeria over five decades ago.
Mrs. Adeboye, a chartered accountant, joined the Board of the Company in November 2008, as Finance and Strategy Director, West Africa.

Prior to joining Cadbury, Mrs. Adeboye worked with Nigerian Bottling Company as Finance Director, from June 1994 to March 2007. She graduated from the University of Cardiff in 1986 with a B.Sc in Economics. From 2000 to 2007, she attended various courses at the IMD Business School.

Mr. Ogaga Ologe, who is the Company’s Financial Controller, has been appointed as the new Finance Director effective 1st April 2019.

Mr. Ologe, who succeeds Mrs. Adeboye, joined Cadbury Nigeria in 2012, from KPMG Professional Services where he led the audit of the financial statements for many multinationals

Cadbury Nigeria Plc closed at N11 in today’s trading session. Results for the 2018 financial year show revenue increased from N33 billion in 2017 to N35.9 billion in 2018. Profit before tax jumped from N350 million in 2017 to N1.2 billion in 2018. Profit after tax rose from N299 million in 2017 to N823 million in 2018.

The company has declared a dividend of N0.25 (twenty-five kobo)  per share.

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