UAC of Nigeria PLC has announced a strategic board realignment that will see its Group Investment Director, Adebolanle Badejo, join the Board of UPDC PLC.
The appointment, which takes effect from 13 July 2026, will see Badejo step down from the Board of UAC of Nigeria PLC while remaining Group Investment Director and a member of the Group’s Executive Committee, reporting directly to the Group Managing Director.
According to the company, the restructuring is designed to enable Badejo devote greater attention to portfolio governance, value creation initiatives, mergers and acquisitions, divestment of non-core assets, and major capital allocation decisions across the Group.
Despite leaving the UAC board, Badejo will continue serving as a Non-Executive Director across several of the Group’s key subsidiaries, including CAP PLC, CHI Limited, DP World Logistics, Grand Cereals, Livestock Feeds PLC, UAC Foods Limited and UAC Restaurants Limited.
Badejo’s UAC Career
Badejo has served as Group Investment Director since July 2023, overseeing investment strategy, portfolio management, growth initiatives and operational performance across UAC’s businesses spanning packaged foods and beverages, agribusiness, paints and chemicals, quick service restaurants, real estate and logistics.
Before assuming the role, he served as Executive Vice Chairman and Managing Director/Chief Executive Officer of UAC Restaurants Limited between 2021 and 2023, where he led the company’s quick service restaurant portfolio, including Mr Bigg’s and Debonairs Pizza. He also previously served as an Investment Executive covering the food and beverage sector at UAC.
Prior to joining UAC, Badejo built an international investment banking and corporate finance career. He was a Principal at Themis Capital and earlier held senior corporate finance roles at Standard Bank Group in London and Johannesburg. His investment banking experience also includes positions at Citadel Securities, Morgan Stanley and Credit Suisse in New York.
Business Administration Qualifications
Badejo holds an Executive MBA jointly awarded by Columbia Business School and London Business School under the EMBA-Global programme and earned a Bachelor of Science degree in Systems Engineering and Business from the University of Virginia.
