Ibukun Awosika Bows Out of Cadbury Nigeria After 16 Years

Cadbury Nigeria Plc has announced the resignation of Ibukun Awosika from its board of directors, ending a 16-year tenure that began with her appointment in October 2009.

In a notification to Nigerian Exchange Limited and the investing public, the company said its board has considered and accepted Awosika’s resignation, which takes effect from Friday, May 1, 2026.

“The board expresses its deep appreciation to Mrs. Awosika for her valued contribution since her appointment in October 2009. Mrs. Awosika’s replacement on the Board of the Company will be announced in due course,” the company said in a statement on Wednesday.

Awosika is a prominent African entrepreneur, author, and business leader. She is the Chairman and Founder of The Chair Centre Group, a Nigerian provider of furniture and security systems.

Beyond Cadbury Nigeria, she serves as chair or board member across a range of corporate and non-profit organisations spanning education, energy, information technology, retail, financial services, corporate governance, and advocacy. Her board and leadership roles have included affiliations with IESE Business School, Pan Atlantic University, D-Light Inc., Digital Jewels Limited, House of Tara International, and impact-focused bodies including the Nigeria Advisory Board for Impact Investing.

She was recently appointed to the UK G7 Impact Taskforce and serves as Vice Chair of the Global Steering Group for Impact Investing. In Nigeria, she is a member of the Nigerian Economic Summit Group and previously served on the pioneer board of the Nigerian Sovereign Wealth Fund.

Awosika also made history as the first female chairperson of First Bank of Nigeria, a role she held from 2016 to 2021.