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Cadbury makes changes in its board

Cadbury Nigeria Plc has announced the resignation of a Non-Executive Director, Mr Gawad Abaza and the subsequent appointment of Mr Nigel Parsons.



Cost pressure dampens earnings growth outlook, Cadbury releases FY result for 2019, grows profit by 26%, Cadbury makes some board changes

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.

[READ MORE: Portland Paints announces new board changes)

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.

[READ ALSO: ETI announces two new appointments and changes on its board)

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.

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Chike Olisah is a graduate of accountancy with over 15 years working experience in the financial service sector. He has worked in research and marketing departments of three top commercial banks. Chike is a senior member of the Nairametrics Editorial Team. You may contact him via his email- [email protected]

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Airtel Nigeria announces appointment of Surendran as new Chief Executive Officer

Airtel Nigeria, has announced the appointment of Mr C. Surendran as the new MD/CEO with effect from August 1, 2021.



Like MTN, is Airtel Nigeria considering listing?

Telecommunications giant, Airtel Nigeria, has announced the appointment of Mr C. Surendran as the new Managing Director and Chief Executive Officer with effect from August 1, 2021.

Surendran would be replacing the outgoing Managing Director and Chief Executive of Airtel Nigeria, Olusegun Ogunsanya, who has been elevated to the position of Chief Executive Officer of Airtel Africa Plc with effect from October 1, 2021.

According to a report from the News Agency of Nigeria, this disclosure is contained in a statement issued by Airtel on Wednesday, May 5, 2021, in Lagos.

READ: Airtel Africa signs new $500 million loan with Bank of America, HSBC, others

The statement says that Surendran would also be appointed to the Executive Committee (ExCo) as Regional Operating Director, reporting to the CEO of Airtel Africa plc, and onto the Board of Airtel Networks (Nigeria) Limited.

Airtel in its statement said, “Surendran has been with Bharti Airtel since 2003 and has contributed immensely in various roles across customer experience, sales and business operations.

He was the Chief Executive Officer of Karnataka, which is the largest circle in Airtel India, with over one billion dollars in revenue.

Surendran delivered an exceptional performance with significant movement in Revenue Market Share (RMS) over the last few years, currently at 54 percent. He has over 30 years of business experience, including 15 years at Xerox.’’


Airtel said that Surendran would transition into his new role from June 1, 2021, and spend the time onboarding into the business until July 31, 2021.

READ: Meet the latest billionaires on the Nigerian Stock Exchange

In case you missed it

It can be recalled that a few days ago, Airtel Africa Plc, a leading provider of telecommunications and mobile money services in Nigeria and 13 other countries, announced the appointment of Mr Olusegun Ogunsanya as the new Chief Executive Officer, following the notice of retirement given by the current Managing Director/Chief Executive Officer, Raghunath Mandava, to the Board.

In the notification sent by Airtel Africa to the Nigerian Exchange, Ogunsanya is expected to join the board of Airtel Africa with effect from October 1, 2021.

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Guinness announces retirement of Chairman, appoints former Minister as replacement

Guinness Nigeria Plc has announced the appointment of Dr Omobola Johnson as the new Chairman of its board, with effect from July 1, 2021.



Guinness Nigeria Plc has announced the appointment of Dr. Omobola Johnson as the new Chairman of its board, with effect from July 1, 2021.

This follows the retirement of the current Chairman, Babatunde Savage, from the position, with effect from June 30, 2021.

The announcement is contained in a notice sent to the Nigerian Exchange Limited, investing public, and other stakeholders on May 4, 2021, and signed by the Company Secretary, Rotimi Odusola.

READ: Guinness, Int’l Brew, Nigerian Breweries spend N65.5 billion on key acquisitions in 2020

Johnson, who has over 30 years of experience from both the private and public sectors of the Nigerian economy, was a former Minister of Communications Technology and a former Country Managing Director in Accenture.

While commenting on her appointment, Johnson who has been serving on the board of Guinness, said, “Guinness Nigeria is an excellent company with tremendous value creation opportunities, and I believe the refreshed board and management team remain committed to maximizing shareholder value.”

In his letter addressing the board in compliance with the applicable corporate governance regulation, Savage expressed his pleasure at the opportunity to have been a part of the Guinness story over the last four decades.

He thanked the board of Guinness Nigeria and Diageo UK for the opportunity to have served in several capacities, first as an employee who held various strategic senior roles, then as an Executive Director, and later as Chairman of the board, a role that he held for almost 12 years.

READ: Guinness Nigeria’s market value surged by N23.8 billion in March 2021

He said, “After almost 40 amazing years, my journey with Guinness Nigeria is coming to an end. Guinness Nigeria is and will always be family to me.”

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