UAC of Nigeria appoints Badejo to UPDC board, steps down from UAC board effective July 13
UAC of Nigeria PLC appointed Group Investment Director Adebolanle Badejo to the board of UPDC Plc effective July 13, 2026, while stepping down from UAC of Nigeria PLC's board. Badejo retains his Group Investment Director role, Executive Committee membership, reporting line to the Group Managing Director, and non-executive directorships across eight UAC operating companies including CAP Plc, C.H.I. Limited, DP World Logistics Limited, Grand Cereals Limited, Livestock Feeds Plc, UAC Foods Limited, and UAC Restaurants Limited.
The restructuring aims to strengthen governance across UAC's operating companies and sharpen focus on portfolio growth and acquisitions, per a regulatory filing signed by Company Secretary Ayomipo Wey. This allows Badejo to concentrate on portfolio governance, value creation, mergers and acquisitions, divestment of non-core businesses, and capital allocation for strategic investments.
For investors and business partners, Badejo's concentrated focus on UPDC Plc governance while maintaining oversight of UAC's broader portfolio may signal accelerated strategic initiatives at UPDC and potentially more streamlined decision-making across the UAC Group. Monitor UPDC Plc's upcoming board decisions and UAC's acquisition/divestment announcements for tangible impacts on shareholder value and business partnerships.