Renowned business leader Ibukun Awosika has resigned from the Board of Directors of Cadbury Nigeria Plc after nearly two decades of strategic contribution.
Having joined the board in October 2009, Awosika’s 17-year tenure was characterised by a period of significant transformation for the consumer goods giant, during which she provided steady governance through fluctuating market cycles and major shifts in the Nigerian corporate landscape.
The consumer goods company’s stock currently trades at its 52-week high and has risen this year by 22.70 percent to N73.50 according to trading data as at close of trading on Tuesday April 28.
“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,” Cadbury said in a notice at the NGX.
Cadbury reported a profit before tax (PBT) of N17.27billion for the full year 2025, representing a 161 percent increase in profit over the loss of N28.33billion that the company recorded for the same period in 2024, according to its unaudited results.
The company’s gross profit rose by 101 percent from N18.23billion to N36.60billion in the period under review, while it reported a net profit of N12.09billion, reversing a loss of N22.22billion that it had reported for the year ended 2024. This translates to a 154 percent increase.
This is as turnover grew by 31 percent from N129.17billion for the year ended 2024, to N169.84billion for the year ended 2025, while its basic earnings per share (EPS) increased by 154 percent to 530 kobo, reversing a loss of 975 kobo recorded for the year ended 31 December 2024.
“The Board expresses its deep appreciation to Mrs. Awosika for her valued contribution since his appointment in October 2009. Mrs. Awosika’s replacement on the Board of the Company will be announced in due course,” the company further said.
Known for her advocacy for ethical corporate governance and female representation in the boardroom, Awosika was a cornerstone of a board that recently distinguished itself as one of the few female-led directorates in the Nigerian manufacturing sector.
As she moves on to focus on her global advisory roles and entrepreneurial initiatives, her exit leaves a legacy of excellence that has helped shape Cadbury Nigeria’s modern strategic direction.
