Cadbury Nigeria Plc announced that Mrs. Ibukun Awosika will step down from the company’s Board of Directors, effective 1 May 2026. The resignation was confirmed in a statement issued by the company on Thursday, 28 April 2026.
The board disclosed that Mrs. Awosika, who has served as a non‑executive director since 2021, submitted her resignation voluntarily and that she will remain a shareholder of Cadbury Nigeria Plc. The company thanked her for “the invaluable contributions and strategic insight she brought to the board throughout her tenure.” The statement did not indicate any dispute or underlying reason for her departure.
Cadbury Nigeria Plc, a subsidiary of Mondelez International, is one of the leading manufacturers of confectionery and beverages in West Africa. The board currently consists of six directors, and the vacancy created by Mrs. Awosika’s exit will be filled in accordance with the company’s corporate governance policies and the requirements of the Nigerian Securities and Exchange Commission (SEC). A replacement is expected to be appointed at the next board meeting, scheduled for June 2026.
Mrs. Awosika is a prominent Nigerian entrepreneur, author, and former President of the American Chamber of Commerce in Nigeria. Her experience spans several sectors, including finance, manufacturing, and education. Prior to joining Cadbury Nigeria’s board, she held leadership roles at Heineken Nigeria and the Lagos State Ministry of Commerce and Industry. Her resignation marks the end of a period during which she was involved in key decisions on product diversification, market expansion, and sustainability initiatives at Cadbury Nigeria.
Industry analysts note that board changes at major consumer‑goods firms are common as companies adapt to evolving market conditions and seek fresh perspectives. Cadbury Nigeria’s recent strategic focus has included expanding its product portfolio, strengthening distribution networks, and increasing its digital engagement with consumers. The board’s composition will likely reflect these priorities as the company prepares for the launch of new product lines later in the year.
The company reaffirmed its commitment to maintaining a stable governance structure and to delivering value to shareholders. Cadbury Nigeria Plc will continue to operate under the oversight of its remaining directors and senior management while the search for a new board member proceeds.
For further details, readers can refer to the full announcement on the Punch website.
