FCMB Group Plc has announced the appointment of Mrs. Adepeju Adebajo as an Independent Non-Executive Director on the Board of FCMB Group Plc.
Mrs. Adepeju Adebajo holds a Masters and BSC in Chemical Engineering from Imperial College London and an MBA from Harvard Business School. She chairs the Board of the Lagos State Employment Trust Fund and is a Transformation Lead at Etex Group (Nigerite and Emenite Limited).
She brings over 30 years’ experience across industry, renewable energy, agriculture, finance and consulting. She has worked with teams and clients in Sub-Saharan Africa and Europe, helping them grow and multiply impact.
Solid Corporate Leadership Background
Throughout her career, Mrs. Adebajo has led teams through change and growth. She was previously the Chief Executive Officer (CEO) of Cement at Lafarge Africa Plc, CEO, Mouka Limited, CEO, Lumos Nigeria, CEO, UTC Nigeria Plc and an Assistant General Manager at United Bank for Africa Plc.
In 2025, she founded Climate Governance Initiative Nigeria, affiliated with the World Economic Forum and serves on the World Economic Forum Council on Climate and Nature Governance (2025-2027).
She is a member of the Global Future Council on Climate and Nature Governance at the World Economic Forum, where she contributes to discussions on board-level governance models and sustainability frameworks. In the United Kingdom, she serves as an Independent Non-Executive Director at building materials companies Wolseley Jersey Ltd and Ibstock PLC, participating in audit, remuneration, nomination, and sustainability committees while advising on corporate governance and operational resilience.
She is also an Executive Mentor at Merryck, supporting CEOs and senior executives through leadership transformation, crisis management, and purpose-driven organisational strategy. Her mentoring work draws on extensive boardroom and executive management experience across emerging and developed markets.
Previously, she served as Chief Executive Officer of Lumos Nigeria, a venture capital-backed solar energy company focused on expanding off-grid electricity access. During her tenure, she led the company’s operational scale-up, introduced innovative payment and pricing models, and delivered significant growth despite challenging market conditions. Under her leadership, Lumos expanded its footprint in Nigeria’s underserved energy market and strengthened its position within Africa’s renewable energy sector.
Her public sector experience includes serving as Commissioner for Agriculture in Ogun State, where she led agricultural reform initiatives, prioritised value-chain development, improved governance structures, and helped position the state for a major World Bank-supported agricultural transformation programme. She also played a role in international agroforestry and sustainability partnerships involving Nigerian and French stakeholders.
Earlier Roles
Earlier in her career, she held senior executive positions at Lafarge Africa Plc, where she managed large-scale cement and concrete operations during the Lafarge-Holcim merger, overseeing sustainability strategy, manufacturing operations, and ESG initiatives. Before that, she transformed Mouka Limited into a leading consumer brand, driving expansion, operational restructuring, and private equity value creation that culminated in a successful investor exit.
Her leadership journey also includes CEO roles at UTC Nigeria Plc and Kowa Microfinance, as well as senior strategic positions at United Bank for Africa, where she contributed to the bank’s transformation into one of Nigeria’s largest financial institutions. She began her international corporate career at Boston Consulting Group, advising multinational clients on business transformation and post-merger integration, after earlier financial analyst training at Citibank in London and New York.
Across both corporate and public sector roles, her career has been defined by business transformation, governance, sustainability leadership, operational scale-up, and strategic growth execution in complex and high-growth environments.
Mrs. Adebajo’s appointment is intended to strengthen the Board and support its transformation goals across the Group.
