Cadbury Nigeria Plc, on Tuesday, notified the Nigeria Stock Exchange (NSE) of the resignation of Mr Atedo Peterside as Chairman of the Board of Directors, effective June 30.
The Company Secretary, Fola Akande, made the disclosure in a letter sent to the NSE in Lagos. Mr Akande said Mr Peterside joined the company as a member of the board in August 2009 and rose to become the chairman in April, 2010.
He said that the board had acknowledged and accepted Mr Peterside’s resignation and thanked him for his services, leadership and contributions to the company.
Cadbury posted revenues of N39.3 billion for the financial year ended December 31, 2019 against the N35.9 billion recorded in the corresponding period of 2018, an increase of eight per cent. Its profit after tax stood at N1.07 billion compared with N823 million achieved in 2018, indicating a growth of 30 per cent.