Business Atedo resigns as Cadbury chairman

Atedo resigns as Cadbury chairman

-

- Advertisment -

Atedo resigns as Cadbury chairman

 

 

 

 

 

 
Chairman of Cadbury Nigeria Plc Peterside Atedo has resigned.

He said he took the decision to “concentrate on other challenges” after ten years on the position.

In a letter to Directors of the firm dated June 29th, Atedo said his resignation will also allow for injection of new blood into the system for greater profitability.

The letter reads: “You will recall that I first broached the subject of resigning from my Cadbury Nigeria Plc (Cadbury) chairmanship position a few weeks ago.

“Whilst thanking you all for your continued support and understanding, I firmly believe that the end of this half year i.e. 30 June, 2020, should mark my last day because it is also an almost natural point of transition. We successfully held our 55th Annual General Meeting last week and our Managing Director has settled nicely and consolidated her position over the course of the last 15 months.

“The Company is on a profitability path that can be sustained if normal trading conditions are allowed to prevail.

“The Board of Cadbury is well endowed and my departure from the Board also enables the Company to inject a new independent director into the fold. The periodic injection of “new blood” is good for the system especially when further diversity is achieved in the process viz geography, demography and the injection of new and varied skill sets.

“I have spent 10 years as Chairman of Cadbury and I believe this is the right time for me to move on to concentrate on other challenges.

“I wish the Board, management and staff all the best in your future endeavours and also extend my regards to the majority shareholder, the minority shareholders, the distributors and all other stakeholders.

“May the good Lord continue to bless you all.”

Atedo resigns as Cadbury chairman Atedo resigns as Cadbury chairman
Atedo resigns as Cadbury chairman
Parrot Nigeria
An online news aggregator

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

JUST IN: Buhari presides over Security Council meeting

            President Muhammadu Buhari is currently presiding over a Security Council meeting at the State House, Abuja. The meeting is coming...

BREAKING: Buhari orders payment of NDDC scholarship to students

            President Muhammadu Buhari has ordered the payment of fees and stipends of stranded scholarship students of the Niger Delta...

Billionaire Industrialist, Abdul Samad Rabiu, is 60

            Today, August 4, industrialist extraordinaire, philanthropist and chairman of BUA Group, Abdulsamad Rabiu, clocked 60. Understandably, there would not...

Jubilation as DSTV Boss, Dewunmi Ogunsanya, Survives COVID-19 Scare

                Unadulterated joy blossoms in the bosoms of relatives, friends and associates of successful businessman and chairman of Multichoice, Adewunmi...

NIPOST, FIRS war escalates over stamp duty collection

          The imbroglio between Nigeria Postal Service (NIPOST) and the Federal Inland Revenue Services (FIRS) over jurisdiction in respect of...

Nigerian ladies stranded in Saudi Arabia cry out for help (Video)

Some Nigerian ladies stranded in Saudi Arabia have called on the Nigerian government to come to their rescue. In a...

TRENDING

Here is the Nigerian who will buy Shoprite’s stake

          Shoprite, Africa’s largest food retailer, announced on Monday it...

Shoprite exits Nigeria after 15 years

          Africa’s biggest grocery retailer, Shoprite, is exiting the continent’s...
- Advertisement -

You might also likeRELATED
Recommended to you