Unilever Nigeria Plc has introduced that Chika Nwobi will retire from its board of administrators on December 31, 2026, after just about 9 years as an Unbiased Non-Govt Director.
The corporate disclosed this in a realize filed with the Nigerian Change (NGX) and signed by way of its Corporate Secretary, Peter Dada.
Nwobi joined the board on January 1, 2018.
His retirement is consistent with the corporate’s Board Constitution, which limits the tenure of Unbiased Non-Govt Administrators to 9 years.
The NGX realize
Within the disclosure, Unilever Nigeria notified the alternate and the making an investment public of Nwobi’s imminent departure.
- “Unilever Nigeria Plc hereby offers the Nigerian Change Restricted and the making an investment public realize at the retirement of Mr. Chika Nwobi as a Director from the Board of the Corporate efficient from the thirty first of December 2026.
- “His retirement is consistent with the Corporate’s Board Constitution which stipulates a most choice of 9 years tenure for Unbiased Non-Govt Administrators.”
Who’s Chika Nwobi?
Nwobi is a technology entrepreneur and investor with enjoy spanning instrument engineering, challenge building and generation consulting.
He graduated with honours from East Tennessee State College in the US, the place he earned a Bachelor of Arts level in Economics and a Bachelor of Science level in Pc Science. He additionally holds a grasp’s level in Tool Engineering from the College of Oxford.
His further govt training comprises classes in technique, company finance and fiscal accounting at INSEAD, in addition to human sources technique and provide chain control at Tsinghua College in China.
Nwobi is the chairman of Vertex Tool Corp, a place he has held since 2023, and the manager govt officer of Decagon, a generation corporate he based in 2018.
He prior to now co-founded and led MTech, a generation corporate that gives IT answers and trade instrument to organisations.
His skilled enjoy additionally comprises consulting engagements for the Ford Basis and the Global Finance Company (IFC) on cell cash and micropayments generation in Nigeria.
Nwobi additionally runs L5 Lab, a challenge building company that has incubated African generation corporations, together with Jobberman and Cheki.
Unilever Nigeria’s monetary efficiency
Nwobi’s deliberate retirement comes as Unilever Nigeria reports growth in revenue and profitability for the 9 months ended September 30, 2026.
- The corporate recorded income of N184.0 billion, an 18% building up from N155.4 billion within the corresponding duration of 2025.
- Gross benefit rose by way of 34% to N85.5 billion from N63.9 billion, whilst gross margin stepped forward to 46.4% from 41.2%.
- Running benefit larger by way of 27% to N38.5 billion, whilst internet benefit climbed by way of 20% to N26.4 billion, in comparison with N21.9 billion a yr previous.
The corporate attributed its efficiency to robust logo basics, disciplined operations and execution of its route-to-market technique.