Lagos, Nigeria – Cadbury Nigeria Plc has appointed Dr Rasaq Adedoyin Salami as an Independent Non-Executive Director and Hisham Ezz El Arab as a Non-Executive Director, both effective 26 March 2026. The company also announced a shareholder dividend of 751.28 million naira, approximately 555,000 US dollars using an exchange rate of 1,353.85 naira to the dollar.
Okay News reports that the appointments follow the resignation of Abhiroop Chuckarbutty, effective on the same date. The dividend will be distributed to shareholders as declared by the board.
Dr Rasaq Adedoyin Salami is an economist with more than 30 years of experience in academia, public policy, consulting, and corporate governance. He holds a PhD from Queen Mary College, University of London, leads KAINOS Edge Consulting Ltd, and served as Chief Economic Adviser to President Muhammadu Buhari.
Hisham Ezz El Arab has 32 years of fast-moving consumer goods experience, including roles at Danone and Procter & Gamble. He is Business Unit President for Sub-Saharan Africa at Mondelēz International and holds a BSc in Mechanical Engineering from the American University in Cairo.
The Cadbury Nigeria board is chaired by Adedotun Sulaiman, with Folake Ogundipe as Interim Managing Director. Other non-executive and independent directors include Ibukun Awosika, Sree Patel, Kofo Akinkugbe, and Olubunmi Lawson.
The appointments take effect immediately and aim to strengthen governance and commercial leadership at Cadbury Nigeria. The board said it expects continuity in strategy while completing the dividend distribution to shareholders.
