Cadbury Nigeria Plc has announced the appointment of Mrs. Folake Ogundipe as an Executive Director on its Board, effective October 27, 2025.
The company disclosed the development in a notice filed with the Nigerian Exchange Limited (NGX), affirming its commitment to strengthening leadership capacity and corporate governance. In its statement, the Board said: “We warmly welcome Mrs. Folake Ogundipe and wish her success in her new role.”
A Seasoned Finance Leader
Mrs. Ogundipe brings over two decades of finance and business management experience spanning fast-moving consumer goods (FMCG), energy services, consulting, and financial institutions.
She holds a Master’s degree in Management from the University of Leicester and a Bachelor’s degree in Accounting from Obafemi Awolowo University. A Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and an Associate of the Chartered Institute of Management Accountants (CIMA), she has built a distinguished career defined by financial discipline and operational excellence.
Before joining Cadbury Nigeria Plc, she served as Executive Director, Finance at Unilever Nigeria Plc, Chief Financial Officer at PES Group (Energy Services Company), and Financial Controller at Nigerdock Nigeria Ltd. Her earlier career includes stints with Subsea7 S.A. UK, Phillips Consulting Ltd, and Investment Banking & Trust Company (IBTC) Limited.
The New Board Structure
With Mrs. Ogundipe’s appointment, Cadbury Nigeria announced an updated Board composition, reflecting a diverse blend of executive, non-executive, and independent directors.
The Board is chaired by Mr. Adedotun Sulaiman, with Mrs. Oyeyimika Adeboye serving as Managing Director.
Other members include Mrs. Ibukun Awosika, Mr. Sunil Parthasarathy, and Mr. Abhiroop Chuckarbutty as Non-Executive Directors, while Mrs. Kofo Akinkugbe, OON, and Ms. Olubunmi Lawson serve as Independent Non-Executive Directors.
Mrs. Folake Ogundipe now joins as Executive Director, completing the current Board lineup.
A Year of Strong Market Performance
The appointment comes amid a period of strong investor sentiment toward Cadbury Nigeria. The company’s share price has surged over 223% year-to-date, with a trading volume exceeding 361 million shares on the NGX.
In its Q2 2025 financial results, Cadbury Nigeria reported a N5.9 billion pretax profit, marking a remarkable rebound from a N3.4 billion loss in the same period last year.
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