Cadbury Nigeria Plc has announced the appointment of Mr Ayman Hussein F. Gaafar, also known as Ayman Fahmy, as its new Managing Director, effective May 15, 2026, following the end of the tenure of Mrs Folake Ogundipe as Interim Managing Director.
The company disclosed that the appointment was approved by the Board following the recommendation of its Governance and Risk Committee and has been formally communicated to the Nigerian Exchange Limited and the investing public.
Mr Gaafar is a highly accomplished and driven business and organisational leader with a distinguished career in the FMCG sector.
With extensive experience at multinational corporations such as Procter & Gamble, Reckitt Benckiser, Danone, and Shan Foods, he has a proven ability to develop vision and strategy and translate them into executable results.
His expertise spans general management, commercial leadership, and market strategy, with a focus on full P&L responsibility, go-to-market strategies, and business transformation.
Mr Gaafar has a strong track record of driving significant revenue growth, expanding market reach, building organisational capacity, and leading large, diverse teams across various regions, including the Middle East, Levant, Africa, Saudi Arabia, UAE, and Canada.
He is known for establishing strategic alliances, transforming operations, and consistently delivering extraordinary results.
With the appointment of Mr Ayman Hussein F. Gaafar as Managing Director, Mrs Folake Ogundipe will step down from her role as Interim Managing Director, a position she has fulfilled with great distinction since December 2025.
Throughout her tenure, Mrs Ogundipe has exhibited exceptional leadership, characterised by steadfast dedication, deep commitment, and admirable resilience.
Her determined resolve and relentless efforts have played a pivotal role in steering the Company and preserving its strategic direction during this crucial period.
The Board welcomed Mr Gaafar to his new position and expressed confidence in his leadership as the company continues to strengthen its operations and growth strategy.