Chairman of Cadbury Nigeria Plc Peterside Atedo has resigned.
He mentioned he took the choice to “think about different challenges” after ten years on the place.
In a letter to Administrators of the agency dated June 29th, Atedo mentioned his resignation will even enable for injection of recent blood into the system for better profitability.
The letter reads: “You’ll recall that I first broached the topic of resigning from my Cadbury Nigeria Plc (Cadbury) chairmanship place a couple of weeks in the past.
“While thanking you all in your continued assist and understanding, I firmly consider that the tip of this half 12 months i.e. 30 June, 2020, ought to mark my final day as a result of it’s also an nearly pure level of transition. We efficiently held our 55th Annual Basic Assembly final week and our Managing Director has settled properly and consolidated her place over the course of the final 15 months.
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“The Firm is on a profitability path that may be sustained if regular buying and selling circumstances are allowed to prevail.
“The Board of Cadbury is nicely endowed and my departure from the Board additionally permits the Firm to inject a brand new unbiased director into the fold. The periodic injection of “new blood” is sweet for the system particularly when additional variety is achieved within the course of viz geography, demography and the injection of recent and assorted ability units.
“I’ve spent 10 years as Chairman of Cadbury and I consider that is the correct time for me to maneuver on to focus on different challenges.
“I want the Board, administration and workers all the perfect in your future endeavours and likewise prolong my regards to the bulk shareholder, the minority shareholders, the distributors and all different stakeholders.
“Might the nice Lord proceed to bless you all.”