Cadbury Chooses Sulaiman to Replace Peterside as Chairman

By Adedapo Adesanya

Following the resignation of Mr Atedo Peterside last month, Cabdury Nigeria Plc has announced Mr Adedotun Sulaiman as the new chairman of the FMCG company.

In a notification to the Nigerian Stock Exchange (NSE) signed by Mrs Fola Akande, Company Secretary/Chief Counsel, the firm said Mr Sulaiman was elected chairman at a meeting of the Board of Directors held on Wednesday, July 22, 2020.

His appointment was with effect from his election yesterday.

Mr Sulaiman was appointed to the Board of Cadbury Nigeria Plc as a Non-Executive Director in August 2009 and has served on a number of Board Committees.

A renowned management and strategy consultant, Mr Sulaiman has almost 40 years of experience in transformational engagements in business and organizational strategy, corporate governance, entrepreneurship and leadership development.

Regarded as a boardroom veteran, Mr Sulaiman has been Chairman of Ventures & Trusts Limited, Nigerian Accounting Standards Board, SecureID Ltd, Arian Capital Management Ltd, New Horizons Systems Ltd, Lagos Angel Network, Parthian Partners Ltd and HTN Towers Plc.

He had also occupied the Chairmanship of Mouka Ltd, InterSwitch Ltd, Cornerstone Insurance Plc, IHS Towers NG Ltd, Chairman & Country Managing Director at Accenture Limited (Nigeria) and Founding Member at the Nigerian Economic Summit Group.

Business Post had reported that the former chairman, Mr Peterside, founder of Stanbic IBTC Bank Plc, stepped down on June 30 after 10 years at the helm. When he announced his decision, Mr Peterside stated that he needed time to focus on other goals.

This was a part of a spree of step-downs that the former chairman emerged upon. In April, he had resigned from the Board of Directors Unilever Nigeria Plc, where he was a non-executive director.

He also quit the boards of Flour Mills Nigeria Plc and Nigerian Breweries Plc.

Cadbury Nigeria has witnessed a transformation lately at the stock exchange. Its financials have also been good recently when compared with some years ago.