UAC Gets GMD/CEO

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The Board of Directors of UAC of Nigeria PLC (UAC) has announced the appointment of Mr Folasope Babasola Aiyesimoju as the Company’s Group Managing Director/CEO with effect from today.

The Board thanked Acting GMD/CEO Mrs Omolara Elemide for her hard work and dedication to the company since January.

Aiyesimoju is a finance professional with experience spanning corporate finance, principal investing and private equity.

He holds a B.Sc. (Hons) in Estate Management from the University of Lagos, where he was awarded a Certificate of Excellence in real estate development and finance, and earned the right to use the CFA designation in 2006.

He founded Themis Capital Management and co-founded Foodpro Limited.

Earlier, he worked with Kohlberg Kravis Roberts and Standard Bank Group and Ocean and Oil Holdings Limited.

Aiyesimoju first joined the Board of UAC in March, last year and is a member of the Governance and Remuneration Committee of the Board.

He was appointed Managing Director/CEO of UACN Property Development PLC (UPDC) in August, last year.

UAC Chairman Mr Dan Agbor said Aiyesimoju’s appointment was informed by the Board’s determination to accelerate the process of change within the Group.

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