Adeboye retires,Ogundipe steps in as Cadbury Nigeria interim MD
Cadbury Nigeria Plc, a subsidiary of Mondelez International, has appointed Mrs. Folake Ogundipe, the current Finance Director, as interim Managing Director.
This is as Mrs. Oyeyimika Adeboye’s retirement as Managing Director is due effective 30th November 2025, after attaining the Company’s retirement age.
The announcement is contained in a statement recently issued by Dr. Frederick Mordi, the Company’s Head of Corporate Communications and Government Affairs.
According to the statement, Adeboye joined the Board of the Company in November 2008, as Finance and Strategy Director, West Africa. She was appointed Managing Director on 1st April 2019, becoming the first woman to be appointed to that role since the establishment of Cadbury Nigeria in 1965.
During her tenure, she steered the West Africa business through various phases of growth, transformation and macro-economic volatilities. Her contributions have been instrumental in achieving substantial growth, positioning the Company for continued, sustainable and profitable expansion.
She is known for her servant leadership, being a people-first leader, who reliably delivers results for consumers and customers. Her passion for people has been evident in her focus on talent development, mentorship, overall engagement and strengthening capability of talent across the West Africa business.
“Serving as the Managing Director of Cadbury Nigeria Plc has been an incredible privilege and a crowning chapter of my career.
“Over the past six years, I have had the honour of leading a remarkable team and contributing to the growth of a company that holds a special place in the hearts of many,” she said.
Pending the formal announcement of Adeboye’s successor, Ogundipe would manage the day-to-day operations of the Company in her capacity as Interim Managing Director. She joined the Company in September 2025, subsequently being appointed to the Board as Finance Director. She is recognised as a distinguished executive leader with extensive multi-decade experience in driving business transformation, delivering sustained shareholder value, and fostering high-performance cultures within the consumer goods sector.
Prior to joining Cadbury Nigeria, Ogundipe held senior leadership positions across diverse sectors, including Executive Director, Finance at Unilever Nigeria Plc, CFO for PES Group (Energy Services Company), and Financial Controller at Nigerdock Nigeria Ltd. Her sector experience spans FMCG, energy services, and management consulting, giving her a broad and strategic perspective on value creation across industries.