UAC picks Biobaku to replace Agbor as chairman

The Board of Directors of UAC of Nigeria Plc has announced the appointment of Khalifa Adebayo Biobaku as chairman of the Board effective 5 February 2025.

Biobaku has replaced Dan Agbor, who served as UAC’s chairman for the past nine years.

Prior to his appointment as chairman, he served as vice chairman, a position to which he was elected by the board on June 21, 2023.

“In his capacity as Vice Chairman, he was a member of UAC’s Risk Management Committee, UAC’s Governance and Remuneration Committee and UAC’s Statutory Audit Committee, where he played a strategic role in enhancing risk management and governance, contributing to improved operating performance and key financial metrics,” the company said in a statement.