UAC of Nigeria PLC has announced the appointment of Mr. Khalifa Adebayo Biobaku as Chairman of the Board of Directors, effective February 5, 2025.
His appointment follows his tenure as Vice Chairman, a position he held since June 21, 2023.
Mr. Biobaku, who has served as a Non-Executive Director on UAC’s Board since March 29, 2022, takes over from Mr. Dan Agbor, who led the Board for nine years.
His elevation to Chairman reflects the company’s strategic focus on continuity, governance, and financial growth.
During his time as Vice Chairman, Mr. Biobaku played a pivotal role in UAC’s Risk Management Committee, Governance and Remuneration Committee, and Statutory Audit Committee.
His contributions were instrumental in strengthening corporate governance, risk oversight, and financial performance. With a strong background in risk management and governance, he has been a key player in UAC’s operational strategy, ensuring improved financial stability and regulatory compliance.
His leadership is expected to further drive the company’s long-term growth objectives and shareholder value.
His appointment marks a new phase for UAC of Nigeria, one of the country’s leading conglomerates. Under the leadership of his predecessor, Mr. Dan Agbor, UAC navigated key industry challenges, executed critical business transformations, and reinforced its position as a market leader.
The Board expressed its gratitude to Mr. Agbor for his dedicated service, highlighting his strategic leadership and commitment to the company’s progress over the past decade.
As Chairman, Mr. Biobaku is expected to lead UAC’s Board in driving innovation, operational efficiency, and corporate governance best practices.
His tenure comes at a time when the company is focusing on business expansion and financial sustainability in Nigeria’s evolving economic landscape.
