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CADBURY Appoints new Finance & Strategy Director

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June 25, 2008/Cadbury


Cadbury Nigeria Plc has announced the appointment of Mrs. Yimika Adeboye as its Finance & Strategy Director, West Africa with effect from September 1, 2008. Mrs. Adeboye will succeed Mr. Martyn Newlands who is coming towards the end of his contracted period in Lagos.


Cadbury Nigeria’s Corporate Affairs Manager, Mr. Kufre Ekanem, in a public statement on the development said “the incoming Finance & Strategy Director comes with an impressive track record in finance, strategy and administration in both Nigeria and the UK. Mrs Yimika Adeboye has worked for two firms of Chartered Accountants and was formerly the Chief Financial Officer and Director of Finance at Nigerian Bottling Company plc. Most recently, she was the Director of Administration and Business Strategy at Nigerian Bottling Company plc and we are looking forward to her contribution to rebuilding Cadbury Nigeria on the foundations of our unfolding business strategy.”


The company also praised Mr. Newlands for “the indelible and very positive mark he has made in his time in Cadbury Nigeria especially for his role in rebuilding our company after the misstatements that we discovered and disclosed in late 2006. Concurrent with his work in the rebuilding process at Cadbury Nigeria, Mr. Newlands acted as Managing Director, Stanmark Cocoa Processing Company Limited (Cadbury Nigeria’s subsidiary situated in Ondo) and superintended the Finance functions at Cadbury Ghana. We really benefited from having had a professional of Martyn’s stature at such a difficult time.” 


According to Ekanem, “there will be a handing over period to ensure a smooth transition of responsibility to the new Finance function leadership in line with our heritage and corporate governance standards. During this time, Mr. Newlands, our out-going Finance Director, and his successor Mrs. Adeboye will work together on the Finance function for West Africa before Mr. Newlands finally leaves Lagos.”

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