Nestlé Nigeria Plc successfully held its 56th Annual General Meeting (AGM) on Wednesday, May 28, 2025, at the MUSON Centre, Onikan, Lagos, where shareholders endorsed critical resolutions concerning the company’s governance and financial operations.
At the meeting presided over by the Board and executive management, shareholders unanimously approved the audited financial statements for the year ended December 31, 2024, along with the accompanying reports of the Directors, Auditors, and Audit Committee.
In the ordinary business segment of the AGM, the shareholders also ratified the appointment of Mrs. Kemisola Ajasa as a new Director and confirmed the re-election of Mrs. Adebisi Lamikanra to the Board.
Both appointments align with the company’s strategic commitment to strengthening governance and leadership diversity.
Furthermore, shareholders authorised the Board of Directors to fix the remuneration of the external auditors, underscoring the trust reposed in the Board to manage corporate accountability in line with prevailing regulatory frameworks.
Nestlé Nigeria’s Chairman and Managing Director commended shareholders for their continued support amid market challenges, reinforcing the company’s dedication to delivering long-term value and sustaining its leadership in the Nigerian Fast-Moving Consumer Goods (FMCG) sector.
The meeting concluded with a reaffirmation of Nestlé’s core values of operational excellence, innovation and social impact as the company continues to execute its mission of “Good Food, Good Life” across all regions of operation.
