UAC of Nigeria Plc, one of Nigeria’s leading brands in the manufacturing and fast moving consumer goods industry has recently announced some effected changes in its administrative structure.
In a public statement sent to the Nigerian stock exchange (NSE), the company stated that “the board of directors of UAC of Nigeria PLC is pleased to announce the appointment of Mr Folasope Babasola Aiyesimoju as the company’s Group Managing Director/CEO”
According to the statement signed by the company’s Legal Adviser, Godwin Samuel, the will assume the position from Monday, April 1, 2019.
Preceding the confirmation of this appointment, Omolara Elemide was the acting group managing director of the company from January 2019 upon the retirement of Abdul Akhor Bello as the group managing director in January 2019. It can be recalled that earlier in March, the board appointed Ibikunle Ibiyinka Oriola as Group Finance Director of the company.
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Speaking on the new appointment of the GMD, chairman of the board Dan Agbor said the action signifies the company’s ambitions and the board’s determination to accelerate the process of change within the group.
The recently appointed GMD according to the public statement is a finance professional with experience from corporate finance, principal investing and private equity.
He is the founder of Themis Capital Management which is an investment firm focused on concentrating capital and talent on high potential opportunities in sub-Saharan Africa and is also the co-founder and Non-Executive Director of Foodpro Limited, a nutritional snacks business focused on edible nuts.
His wealth of work experience is garnered from various companies including investment companies like Kohlberg Kravis Roberts, Ocean and Oil Holdings, ARM Investment Managers and Standard Bank Group.
Since 2018, he has been the director of UACN Property Development Company Plc as well as a member of the governance and remuneration committee of the board.
FolaSOPE has a B.Sc (Hons) in estate management from the University Of Lagos as well as a certificate of excellence in real estate development and finance giving him the permission to use the CFA designation in 2006.
UAC of Nigeria Plc is involved in various activities in the production and supply chain of goods, and services which include production and sale of consumer goods, aesthetic products as well as the provision of logistics services and real estate.
Gbemi Faminu
