Corporate Icon Ibukun Awosika Resigns From Cadbury Nigeria Board After 15-Year Tenure

Cadbury Nigeria Plc announces the resignation of Director Ibukun Awosika after 15 years of service, effective May 1, 2026.

By: AXL Media

Published: Apr 29, 2026, 10:45 AM EDT

Source: Information for this report was sourced from The Punch Newspaper.

A Major Leadership Transition At Cadbury

Cadbury Nigeria Plc has officially notified the Nigerian Exchange Limited and the investing public of a significant change in its boardroom leadership. Mrs. Ibukun Awosika, a highly respected figure in the Nigerian corporate landscape, has tendered her resignation as a director of the company. According to the official statement signed by Company Secretary Afolasade Olowe, her departure will formally take effect on May 1, 2026. This move marks the end of an era for the confectionery giant, as Awosika has been a central figure in its strategic oversight for well over a decade.

Reflecting On A 15-Year Legacy

The board expressed profound gratitude to Mrs. Awosika for her extensive contributions since her appointment in October 2009. Over the course of 15 years, she played a vital role in navigating the company through various economic cycles and market shifts. Her tenure is noted for its stability and professional insight, traits that have defined her broader career in the Nigerian financial and manufacturing sectors. Cadbury highlighted that her "valued contribution" was instrumental in the board's decision-making processes throughout her stay.

A Distinguished Career In Business

Ibukun Awosika’s resignation from Cadbury is notable given her stature as a pioneer in African business leadership. Beyond her role at Cadbury, she is widely recognized as the former Chairman of First Bank of Nigeria Limited—the first woman to hold that position—and as the founder of The Chair Centre Group. Her influence extends into various mentorship and leadership development initiatives, including her work with TheBoardroom CEO, which focuses on strengthening leadership to drive continental growth.