Unilever Nigeria Plc has introduced that Chika Nwobi will retire from its board of administrators on December 31, 2026, after practically nine years as an Independent Non-Executive Director.
The firm disclosed this in a discover filed with the Nigerian Exchange (NGX) and signed by its Company Secretary, Peter Dada.
Nwobi joined the board on January 1, 2018.
His retirement is in step with the corporate’s Board Charter, which limits the tenure of Independent Non-Executive Directors to nine years.
The NGX discover
In the disclosure, Unilever Nigeria notified the trade and the investing public of Nwobi’s impending departure.
- “Unilever Nigeria Plc hereby offers the Nigerian Exchange Limited and the investing public discover on the retirement of Mr. Chika Nwobi as a Director from the Board of the Company efficient from the thirty first of December 2026.
- “His retirement is in line with the Company’s Board Charter which stipulates a maximum number of nine years tenure for Independent Non-Executive Directors.”
Who is Chika Nwobi?
Nwobi is a technology entrepreneur and investor with expertise spanning software program engineering, enterprise improvement and know-how consulting.
He graduated with honours from East Tennessee State University within the United States, the place he earned a Bachelor of Arts diploma in Economics and a Bachelor of Science diploma in Computer Science. He additionally holds a grasp’s diploma in Software Engineering from the University of Oxford.
His extra govt training contains programs in technique, company finance and monetary accounting at INSEAD, in addition to human assets technique and provide chain administration at Tsinghua University in China.
Nwobi is the chairman of Vertex Software Corp, a place he has held since 2023, and the chief govt officer of Decagon, a know-how firm he based in 2018.
He beforehand co-founded and led MTech, a know-how firm that gives IT options and enterprise software program to organisations.
His skilled expertise additionally contains consulting engagements for the Ford Foundation and the International Finance Corporation (IFC) on cell cash and micropayments know-how in Nigeria.
Nwobi additionally runs L5 Lab, a enterprise improvement agency that has incubated African know-how 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 nine months ended September 30, 2026.
- The firm recorded income of N184.0 billion, an 18% enhance from N155.4 billion within the corresponding interval of 2025.
- Gross revenue rose by 34% to N85.5 billion from N63.9 billion, whereas gross margin improved to 46.4% from 41.2%.
- Operating revenue elevated by 27% to N38.5 billion, whereas web revenue climbed by 20% to N26.4 billion, in contrast with N21.9 billion a 12 months earlier.
The firm attributed its efficiency to robust model fundamentals, disciplined operations and execution of its route-to-market technique.
