- Ibukun Awosika has officially stepped down as a director of Cadbury Nigeria Plc after more than 15 years on the board.
- The company confirmed her resignation will take effect from May 1, 2026.
- A former Chairperson of First Bank and founder of The Chair Centre Group, Awosika is widely recognized for her strategic contributions to Nigeria’s corporate landscape.
Cadbury Nigeria Plc has announced the departure of one of its most prominent board members, Mrs. Ibukun Awosika.
Eko Hot Blog reports that the notice, filed with the Nigerian Exchange Limited (NGX) on Wednesday, April 29, 2026, signals the end of an era for the consumer goods giant, as Awosika has served as a director since October 2009.
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In a statement signed by Company Secretary Afolasade Olowe, the board expressed profound gratitude to Mrs. Awosika for her “valued contribution” over her decade-and-a-half tenure.
Her departure comes at a time of broader leadership shifts within the Nigerian private sector, with the company noting that a replacement will be announced in due course to maintain its strategic direction.
Awosika’s influence extends far beyond the Cadbury board. As the first female Chairperson of First Bank of Nigeria and a celebrated entrepreneur, she has been a vocal advocate for ethical leadership and corporate governance across Africa.
During her time at Cadbury, she saw the company through various economic cycles, contributing to its resilience in the competitive Nigerian manufacturing space.
Market analysts view her exit as a routine board restructuring, though her presence will be missed given her extensive experience in business strategy and consulting.
Shareholders and the investing public now await the announcement of a successor to fill the vacancy left by the veteran business leader.
