UAC of Nigeria Plc has announced changes to its Board of Directors with the appointment of its Group Investment Director, Adebolanle “Debola” Badejo, to the Board of UPDC Plc, as the company continues to strengthen governance and strategic oversight across its business portfolio.
The appointment, which took effect on July 13, 2026, will see Badejo step down from the Board of UAC of Nigeria while retaining his executive responsibilities within the Group. The move forms part of UAC’s broader board renewal strategy aimed at enhancing leadership across its operating companies.
Despite leaving the UAC Board, Badejo will remain the company’s Group Investment Director and continue serving on the Group Executive Committee, reporting directly to the Group Managing Director. Brandspur Brand News reports that the leadership adjustment is designed to sharpen portfolio governance while supporting long-term value creation across UAC’s diverse businesses.
The company said the new arrangement will enable Badejo to focus more extensively on strategic capital allocation, portfolio management, mergers and acquisitions, and the divestment of non-core assets across the Group.
Beyond his appointment to the UPDC Board, Badejo will continue serving on the boards of several companies within and outside the UAC Group. His governance responsibilities span sectors including manufacturing, logistics, food production, real estate and consumer goods.
He currently serves as a Non-Executive Director and Chair of the Risk Management Committee at Chemical and Allied Products (CAP) Plc, while also holding board positions at C.H.I. Limited, DP World Logistics Limited, Grand Cereals Limited, Livestock Feeds Plc, UAC Foods Limited and UAC Restaurants Limited, where he serves on various governance, audit, risk and human resources committees.
The Board of UAC expressed appreciation for Badejo’s contributions as a director and reaffirmed confidence in his continued leadership role across the Group’s investment and portfolio management activities.
Badejo brings more than 18 years of experience in investment banking, private equity and corporate leadership across Africa. As Group Investment Director, he oversees UAC’s investment strategy, capital allocation framework and strategic growth initiatives.
Before assuming his current position, he served as Chief Executive Officer of UAC Restaurants Limited, while earlier in his career he worked with Themis Capital Management, where he participated in strategic investments across high-growth African businesses.
His international investment banking experience also includes roles at Standard Bank in Johannesburg, where he advised on mergers, acquisitions and capital market transactions across sub-Saharan Africa, as well as Morgan Stanley in New York, where he worked within the firm’s Natural Resources Group.
Academically, Badejo holds a Master of Business Administration (MBA) from Columbia Business School and a Bachelor of Science in Systems Engineering from the University of Virginia.
The latest board changes follow UAC of Nigeria’s recent consolidation of its acquisition special purpose vehicle, UAC Food and Beverage Company Limited, into C.H.I. Limited, a restructuring initiative the company described as an administrative measure to simplify its corporate structure after completing the acquisition.
The governance changes underscore UAC of Nigeria’s continued focus on strengthening board leadership, improving strategic oversight and positioning its operating businesses for sustainable long-term growth across its investment portfolio.
