Adeboye steps down after 17 years at the company, while newly appointed Finance Director Folake Ogundipe is tapped to steer Cadbury Nigeria through a key transition phase.
Cadbury Nigeria Plc has announced the retirement of its Managing Director, Mrs. Oyeyimika Adeboye, marking the end of a 17-year career at the FMCG giant and ushering in a new leadership phase under Mrs. Folake Ogundipe, the company’s Finance Director, who will now serve as Interim Managing Director.
Adeboye’s retirement takes effect on 30 November 2025, concluding a tenure defined by steady growth, organisational restructuring, and improved competitiveness within the Mondelez International family.
She joined the Board in 2008 as Finance and Strategy Director and rose to Managing Director in 2019, becoming one of the most prominent female chief executives in Nigeria’s consumer-goods sector.
In a statement, the Board praised Adeboye for her “exceptional service” and for playing a pivotal role in positioning Cadbury Nigeria for “sustainable and profitable expansion.”
Her leadership period saw the company navigate inflationary pressure, currency volatility, supply-chain disruptions, and rising raw-material costs—yet maintain brand strength and operational stability.
Folake Ogundipe Takes the Helm
With the search for a substantive Managing Director ongoing, Cadbury’s Board has appointed Mrs. Folake Ogundipe as Interim MD to oversee day-to-day operations.
Ogundipe joined the company in September 2025 before being appointed Finance Director.
Despite her recent arrival, her résumé reflects deep sector expertise: multi-decade leadership across consumer goods, a track record of driving business transformation, and a reputation for building high-performance teams.
Her appointment is viewed as both stabilising and strategic, ensuring continuity while the Board finalises its long-term leadership decision.
Cadbury Nigeria’s Chairman, Alhaji A. Sulaiman, and the Board expressed confidence in Ogundipe’s ability to “lead effectively during this transition phase” as the company strengthens its route-to-market strategy and looks to accelerate growth across product lines in a challenging macroeconomic environment.
The Board noted that a substantive appointment will be announced in due course.
