Food and Beverage giant, Cadbury Nigeria Plc has announced the resignation of a Non-Executive Director, Mr Gawad Abaza and the appointment of Mr Nigel Parsons as his replacement.
This was disclosed in a notification, which was signed by the Company Secretary, Fola Akande, and sent to the Nigerian Stock Exchange (NSE) and the investing public.
As a show of appreciation, the Chairman and the Board of Directors of Cadbury Nigeria Plc expressed their gratitude to Mr Abaza for his services and immense contributions towards the success of the company while he was a director on the board and wished him all the best in his future endeavours.
Mr Abaza, who has been on the board of the company since 2016 and served on a number of board committees, will have his resignation take effect from Wednesday, April 1, 2020.
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This means that the newly appointed Non-Executive Director, Mr Nigel Parsons, will take over on April 1, 2020.
Mr Parsons, who currently leads the operational strategy and commercial delivery of Mondelez International in Australia, is responsible for approximately 2,000 employees and a portfolio of iconic chocolate, biscuit and candy brands which include Cadbury Dairy Milk chocolate, Oreo, Belvita biscuit, the natural confectionery company and Pascal.
During his 19 years stint with the business, Nigel has held other roles such as Commercial Director, Australia; Sales Director, Asia, Middle East and Africa; Sales Director, Australia; and Head of Corporate Grocery, Australia.
Nigel sits on the Australian Food and Grocery Council’s Board Sub-Committee, where he provides solutions for key industry initiatives and focus areas.
He is an engaging business leader with 30 years of experience in the branded food industry, with the knowledge that cuts across general management, sales, mergers and acquisition, strategy and transformation.
Nigel, who is South African by birth, studied commerce at the University of Natal and Business at the University of Wales.
About Cadbury Nigeria Plc: Cadbury is a food, sweets and drink company with headquarters in Lagos and trades on the NSE. It has Mondelez International as its major shareholder. Its flagship product is Bournvita.
In its full year audited statement for 2019, Cadbury had a turnover of about N39. 3 billion with a Profit after Tax of N1.07 billion.