UAC of Nigeria Appoints Badejo to UPDC Board

UAC of Nigeria Plc has appointed its Group Investment Director, Adebolanle Badejo, to the board of UPDC Plc as part of a restructuring aimed at strengthening governance across its portfolio companies and supporting its long-term growth and acquisition strategy.

The company disclosed the development in a statement on Monday, noting that Badejo’s appointment to the board of UPDC PLC took effect on July 13, 2026. As part of the transition, he will step down from the board of UAC of Nigeria PLC while retaining his position as Group Investment Director and member of the company’s Executive Committee.

According to UAC, the restructuring is intended to sharpen oversight across its operating companies and position the group to execute its strategic priorities more effectively.

The company said the new arrangement would enable Badejo to focus fully on portfolio governance and value creation initiatives across its businesses.

In his expanded role, he will continue to lead the group’s mergers and acquisitions programme, oversee the divestment of non-core assets, and drive capital allocation decisions for major strategic investments.

Beyond his new role at UPDC, Badejo will continue serving on the boards of several UAC operating companies, including Chemical and Allied Products PLC, C.H.I. Limited, DP World Logistics Limited, Grand Cereals Limited, Livestock Feeds PLC, UAC Foods Limited and UAC Restaurants Limited, where he holds various governance and oversight responsibilities.