Cadbury Nigeria Plc has announced the appointment of Dr. Rasaq Adedoyin Salami as Chairman of its Board of Directors, following the resignation of Mr. Adedotun Sulaiman. The company also appointed Mrs. Uwa Osa-Oboh as an Independent Non-Executive Director.
Both appointments took effect on Monday, August 3, 2026, according to a notification issued by the Company Secretary, Afolasade Olowe, to the Nigerian Exchange Limited (NGX) and the investing public.
Dr. Salami succeeds Sulaiman, who served on the board as a Non-Executive Director from August 2009 before assuming the role of Chairman on July 22, 2020.
The Board expressed appreciation to Sulaiman for his outstanding leadership and significant contributions to Cadbury Nigeria over the past 17 years, acknowledging his role in guiding the company’s strategic direction during a transformative period.
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Salami, who joined the board as an Independent Non-Executive Director on March 26, 2026, brings more than three decades of experience spanning economics, public policy, academia, corporate governance and strategic consulting.
He currently serves as the Chief Executive Officer of KAINOS Edge Consulting Ltd, an applied economics advisory firm he co-founded, and has built a distinguished career advising governments, corporations and international development institutions.
His extensive boardroom experience includes leadership roles across the logistics, insurance, pensions, asset management and infrastructure sectors. He previously chaired the boards of Prestige Assurance Plc and ARM Investment Managers Ltd.
In the public sector, Salami served as Chief Economic Adviser to former President Muhammadu Buhari and earlier chaired the Presidential Economic Advisory Council, where he contributed to the formulation of national economic policies.
His international experience includes serving on the International Monetary Fund (IMF) Advisory Group for Sub-Saharan Africa, while also consulting for global development institutions including the Department for International Development (DFID), the World Bank, the United Nations Industrial Development Organization (UNIDO) and the International Finance Corporation (IFC).
Beyond public policy and consulting, Salami has maintained a long-standing academic career at Lagos Business School, Pan-Atlantic University, where he currently serves as a member of the adjunct faculty. His research and teaching focus on macroeconomic modelling, manufacturing sector transformation, financial sector reforms, agricultural competitiveness and market systems development.
The Board also welcomed the appointment of Mrs. Uwa Osa-Oboh as an Independent Non-Executive Director, describing her as an accomplished executive with extensive experience in corporate strategy, organisational transformation and stakeholder management.
Osa-Oboh currently serves as Head of Corporate Development at Capital Alliance Nigeria, a member of the African Capital Alliance (ACA) Group, one of Africa’s leading private investment firms.
A legal practitioner by training, she was called to the Nigerian Bar in 1988 as a Barrister and Solicitor of the Supreme Court of Nigeria before transitioning into corporate leadership and investment management.
Commenting on the appointments, Managing Director of Cadbury Nigeria Plc, Mr. Ayman Fahmy Gaafar, expressed confidence that both directors would strengthen the company’s leadership and governance.
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“We are excited to have Prof. Salami, who is a respected economist, accomplished academic and former presidential adviser, among others, as our new Chairman. We look forward to his contribution to our business success,” Gaafar said.
He also welcomed Osa-Oboh to the Board, describing her as “a multidimensional business leader” whose experience would further enrich the company’s governance and strategic oversight.
Gaafar equally paid tribute to the outgoing Chairman, noting that Sulaiman distinguished himself throughout his career in management and strategy consulting, where he built expertise in enterprise transformation, organisational development, strategic design and leadership development.
The leadership changes reinforce Cadbury Nigeria’s commitment to strong corporate governance and position the company to leverage the extensive expertise of its newly appointed board leaders as it pursues its long-term growth strategy.
