UAC Foods appoints Oladele Ajayi as new Managing Director

Must Read

Jumia in trouble over Fraud in Affiliate Scheme, JForce

E-commerce company, Jumia is currently enmeshed in a case of internal fraud involving its affiliate marketing programme, otherwise known...

UBA Board Proposes Interim Dividend, Okays H1 2019 Results

The Board of United Bank for Africa Plc, at its meeting of Thursday, August 22, 2019, considered and approved...

Innoson motors price list: cheap cars in Nigeria

Millions of Nigerians cannot allow buying a new car because it is too expensive. However, the biggest Nigerian car...
- Advertisement -
- Advertisement -

UAC of Nigeria PLC (UACN) has announced the appointment of Dr Oladele Ajayi as the Managing Director of UAC Foods Limited, a joint venture company between UACN and Tiger Brands Limited of South Africa.

Dr Ajayi holds a PhD in Mechanical & Process Engineering from the University of Strathclyde, United Kingdom and an alumnus of the Advanced Management Program of Harvard Business School.

His appointment follows years of experience at Nigerian Breweries Plc where he joined in 1989 as an assistant brewer, served in various roles including in technical, marketing and sales, both in Nigeria and overseas than was appointed Sales Director of Nigerian Breweries Plc.

Read:  UNILAG Vice Chancellor Approves The Appointment Of Director, Institute Of Nigeria-China Development Studies

He was also appointed Managing Director of Heineken Hungary and later Managing Director, Central and East Africa sub-regions for Heineken International.

He also served in many non-executive roles such as Chairman of Sierra Leone Brewery Ltd, Chairman of Brasseries et Limonaderies du Rwanda, External Director of Guinness Ghana Breweries Ltd and Director of Brasserie de Bourbon, St Dennis, La Reunion.

This comes after UAC of Nigeria Plc appointed new heads for some of its subsidiaries.

The United Africa Company of Nigeria operations includes manufacturing, services, logistics and warehousing, agricultural and real estate.

For the year ended December 2017, UAC reported 8% increase in revenue to 247.15 million from US$228.92mn in 2016.

Read:  UAC OF NIGERIA PLC: Animal Feeds rout persists in Q2’18, as expected
Read:  Launch of the Rugby Africa Cup (RAC), the qualifying competition for the 2023 Rugby World Cup

Profit before tax was US$9mn as against US$23.19mn recorded in 2016.

Food and beverages segment operates under the UAC foods limited and manufactures packaged snacks, fruit juice, ice-cream, and bottled spring water.

Popular brand portfolios include leading brands such as Gala Sausage Roll, Mr. Biggs, Funtime Coconut Chips, Supreme Ice cream, Swan Natural Spring Water, Dulux, Grand Soya Oil, Grand Groundnut Oil, Vital Feeds, and Livestock Feeds.

In 2016, UAC Foods unveiled a new innovation in the sausage roll market, Gala mega sausage roll expanding its snacks portfolio.

- Advertisement -

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

Facebook Celebrates ‘Icons Of Change’ From Across Sub-Saharan Africa With A Youth Gathering In Accra, Ghana

Facebook is bringing together 40 young leaders, developers, entrepreneurs and change-makers from across Sub-Saharan Africa, to a two-day event...

Devastation Is The Major Threat To Telecom Growth In Nigeria – NCC

The Nigerian Communications Commission (NCC), has known the destruction of telecom infrastructure as the biggest intimidation to the growth of the telecommunication industry in...

President Buhari Endorse Licensing Of Online TV & Radio Stations

President Muhammadu Buhari has signed wide-ranging improvements in Nigeria’s broadcasting industry, including the commissioning of online radio and television stations.Lai Mohammed, Nigeria’s Minister of...

MAGODO RESIDENTS APPLAUDS IKEJA ELECTRIC OVER IMPROVED POWER

Residents of Magodo Estate have acclaimed Ikeja Electric Plc (IE) for rendering constant electricity to customers within the Estate following the signing of the...

More Articles Like This