Cadbury Nigeria Plc has announced that Ibukun Awosika has stepped down from its board after more than 16 years of service.

Her resignation takes effect from May 1, 2026, according to a statement issued on Wednesday and signed by the Company Secretary, Afolasade Olowe.

Awosika is the Founder and Chairperson of The Chair Centre Limited, a prominent company in the office furniture and banking security systems sectors.

In the statement, Cadbury Nigeria formally notified the Nigerian Exchange Limited and the investing public of her resignation.

“This to notify Nigerian Exchange Limited and the investing public that the Board has considered and accepted the resignation of Mrs. Ibukun Awosika as Director of Cadbury Nigeria Plc (the Company) with effect from Friday, 1st May 2026,” the statement reads.

The Board also expressed profound gratitude for Mrs. Awosika’s invaluable contributions since she joined the company as a Non-Executive Director in October 2009.

The company added that a successor to Mrs. Awosika will be announced in due course.

Ibukun Awosika is a graduate of University of Ife, where she earned a BSc in Chemistry.

She later strengthened her business credentials through the Chief Executive Programme at Lagos Business School and the MBA Global Executive Programme at IESE Business School in Barcelona, Spain.

She is widely recognized for breaking barriers, notably as the first woman to serve as Chairperson of First Bank of Nigeria.

She also served on the boards of the Nigerian Sovereign Investment Authority and the National Job Creation Committee.

Awosika’s resignation comes at a time when Cadbury Nigeria is experiencing a strong financial recovery.