Entrepreneur and economist, Atedo Peterside, has resigned from his role as Chairman of Cadbury Nigeria Plc.
Peterside, in a statement announcing his resignation, thanked the company for its support and prayed that his departure would create an opportunity for the injection of a new direction for further diversity.
According to him, the action was to enable him to concentrate on other pressing issues of national interests.
He said, “The company is on a profitability path that can be sustained if normal trading conditions can prevail.
“The Board of Cadbury is well endowed and my departure from the Board will also enable the company to inject a new independent director into the fold.
“The periodic injection of ‘new blood’ is good for the system, especially when further diversity is achieved in the process viz geography, demography and the injection of new and varied skill sets.
“I wish the board, management and staff all the best in your future endeavours and extend my regards to the majority shareholder, the minority shareholders, the distributors and all other stakeholders.
“May the good Lord continue to bless you all.”
It was learnt that Peterside served as chairman of Cadbury Nigeria Plc for 10 years before his resignation.