Meyer Plc has announced the appointment of Mr. Adewale A. Raji as an Independent Non-Executive Director, effective July 25, 2025.
The decision was approved at the company’s Board of Directors meeting held on July 25, 2025, during which two resolutions were passed — the publication of the unaudited financial statements for the period ended June 30, 2025, and the appointment of Mr. Raji.
The 2025 Q2 unaudited financial statements have since been filed with the Nigerian Exchange Limited (NGX) and made public.
Profile of Mr. Adewale A. Raji
Mr. Raji holds a BA in History from the University of Jos and an MBA in Marketing from Lagos State University.
He has obtained executive certifications from Harvard Business School, Boston; Cranfield University; Manchester Business School; Lagos Business School; and the Institute of Directors (IoD) Nigeria.
With over 35 years of multi-sector leadership experience across investment management, FMCG, real estate, supply chain, and corporate governance, Mr. Raji is recognised for his expertise in business turnaround, organisational restructuring, profitability growth, and stakeholder engagement.
Investment Management Experience
As Group Managing Director/CEO of Odu’a Investment Company Ltd (2014–2024), Mr. Raji led the transformation of the state-owned conglomerate, delivering:
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370% growth in profit before tax to ₦1.8 billion by 2023
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₦3.11 billion in dividends paid over 10 years
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Diversification into agribusiness, oil & gas, and technology sectors
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An “A” credit rating from Agusto & Co in 2023
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Corporate governance reforms implemented in partnership with KPMG
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Admission of Lagos State as a shareholder in 2018
Manufacturing Sector Experience
At PZ Cussons Nigeria Plc (1987–2014), where he served as Managing Director, Distribution Services, and Executive Board Member, Mr. Raji:
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Designed and implemented a nationwide supply chain strategy for a ₦120 billion-plus sales portfolio
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Established and led a new strategic business unit focused on distribution, logistics, and market expansion
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Held key cross-functional roles in procurement, logistics, planning, and administration
Meyer Plc stated that the appointment reflects its commitment to strengthening its corporate governance framework and leveraging Mr. Raji’s strategic leadership to drive long-term growth.
