BY CAROLINE AMOSUN
UAC of Nigeria PLC, a leading diversified conglomerate, has announced the election of Khalifa Adebayo Biobaku as the Vice Chairman of the Board of Directors, effective from June 21, 2023.
This decision was made by the Board of Directors during a recent meeting.
Biobaku, who currently serves as a Non-Executive Director on UAC’s Board, brings a wealth of experience and expertise to his new role.
He was initially appointed to the Board on March 29, 2022. Furthermore, he is a director of Themis Capital Management, UAC’s core shareholder, and the Founder and Director of Dalio Property Development Company Limited, a prominent real estate investment firm in Nigeria, with a significant shareholding in UAC.
With over twenty years of experience in finance and investment, Biobaku has worked across Europe, the Middle East, and Africa, encompassing investment banking, fund management, and private equity.
His extensive background includes a nearly decade-long tenure as a co-Managing Partner at Blakeney Management, London, a specialized emerging markets investment firm.
He has also held positions at renowned financial institutions such as Goldman Sachs International, London; Morgan Stanley International, London; and Davidson Kempner Partners, London.
Biobaku is highly regarded for his expertise in strategy development and execution, capital raising, corporate actions and restructurings, commercial negotiations, and effective team building. His comprehensive skill set will undoubtedly contribute to the continued growth and success of UAC.
Educationally, Biobaku holds a M.Eng degree in Engineering, Economics, and Management from Oxford University, a testament to his strong academic background.
His election as Vice Chairman of the Board demonstrates UAC’s commitment to strengthening its leadership team and leveraging his extensive experience to drive the company’s strategic initiatives forward.
The Board expresses confidence in his ability to provide valuable insights and guidance to the company’s operations, ensuring its sustained growth and profitability.
