Renowned Nigerian business leader Ibukun Awosika has stepped down from her role as a director on the board of Cadbury Nigeria Plc, bringing to a close a long and impactful tenure that spanned over 16 years. The company made this known through an official notice shared with the Nigerian Exchange Limited and the investing public. According to the disclosure, her resignation will take effect on May 1, 2026. In the statement, the company confirmed:
“This to notify Nigerian Exchange Limited and the investing public that the Board has considered and accepted the resignation of Mrs. Ibukun Awosika as Director of Cadbury Nigeria Plc (the Company) with effect from Friday, 1st May 2026,” Awosika joined Cadbury Nigeria’s board in October 2009 and has since played a significant role in shaping the company’s governance and strategic direction. Over the years, she contributed to key decisions during periods of both growth and challenges within Nigeria’s fast-moving consumer goods sector. Her departure marks the end of a notable era for the company, as she was one of the most influential voices on the board.
Beyond Cadbury, Awosika is widely respected for her leadership in Nigeria’s corporate space. She is the founder of The Chair Centre Group and previously served as the first female Chairperson of First Bank of Nigeria, where she made history and influenced corporate governance standards across the banking industry. Cadbury Nigeria acknowledged her contributions and dedication throughout her time with the company. In its statement, the board expressed appreciation for her service, highlighting the value she brought over the years.
“The Board expresses its deep appreciation to Mrs. Awosika for her valued contribution since her appointment in October 2009.”
Her exit comes at a time when the company has been making several adjustments to its board structure, including new appointments and leadership changes aimed at strengthening its operations and positioning for future growth. While the company has not yet named a successor, it assured stakeholders that a replacement director will be announced in due course. Awosika’s resignation signals both the end of a long-standing relationship with Cadbury Nigeria and the continuation of her broader influence in business and leadership development. Her legacy on the board reflects years of commitment, experience, and strategic insight that helped guide the company through evolving market conditions.
