FrieslandCampina WAMCO Nigeria PLC has appointed Olayinka Sanni as new board chairman as Mr Moyo Ajekigbe retires.
The company made the announcement at the 52nd Annual General Meeting.
In a statement by the company, Sanni brings a wealth of experience in financial services and corporate leadership, “and we are confident that his expertise will further strengthen FrieslandCampina WAMCO’s commitment to innovation, sustainability, and excellence in dairy nutrition.”
The outgoing Board Chairman, Mr. Moyo Ajekigbe served in the role from 2010 to 2025. His visionary leadership has been instrumental in driving the company’s growth and impact within Nigeria’s dairy sector. His dedication to the Company’s mission leaves a lasting legacy, and we extend our deepest gratitude for his service.
Extending its gratitude to Mr. Moyo Ajekigbe, for his exemplary leadership and significant contributions during his tenure as chairman of the board of directors from 2010 to 2025., the company noted that Ajekigbe, is a seasoned banker with over 32 years of experience, and has been instrumental in guiding the company through various phases of growth and transformation.
“ His tenure saw the implementation of innovative strategies that enhanced operational efficiency and strengthened the company’s market position.
“Under Ajekigbe’s stewardship, FrieslandCampina WAMCO achieved remarkable milestones, including the commencement of Dairy Development, expansion of product portfolio and the enhancement of its corporate governance framework. His dedication to fostering a culture of excellence and his unwavering commitment to the company’s values have left an indelible mark on FrieslandCampina WAMCO.
Responding, Ajekigbe said: “As I step down as Chairman, I want to thank every stakeholder, shareholder and community who have made my journey a successful one. Leading a company such as FrieslandCampina WAMCO Nigeria PLC was a great honor. I would like to thank the Board of Directors, Management Team and Staff that made it easy to fulfill our mission to Nourish Nigerians with quality dairy nutrition. I am confident that my successor will take the company to even greater heights.”
FrieslandCampina WAMCO Nigeria PLC (RC 11330) is a subsidiary of Royal FrieslandCampina N.V.
Directors: Yinka Sanni (Chairman); Roger Adou (Ivorian) (Managing)
Non-Executive: Oyinkan Ade-Ajayi; Peter Eshikena; Audrey Joe-Ezigbo; Roel van Neerbos (Dutch); Amina Oyagbola
Executive: Ramon Van Deventer; Oreoluwa Famurewa
Mr. Yinka Sanni brings to FrieslandCampina WAMCO Nigeria PLC Board a wealth of experience spanning over three and a half decades in the financial services sector. He has held various leadership roles, including his most recent position as Group Executive at Standard Bank Group. Mr. Sanni’s extensive background includes serving as the Chief Executive Officer of Africa Region at Standard Bank Group and Stanbic IBTC Holdings PLC. His expertise in retail banking, wholesale banking, and asset management, coupled with his strategic vision, will be invaluable in steering FrieslandCampina WAMCO Nigeria PLC towards continued growth and innovation.
Mr. Sanni holds a Bachelor of Agriculture degree from the University of Nigeria, Nsukka, and a Master of Business Administration from Obafemi Awolowo University. He has also attended advanced leadership programs at Harvard Business School and The Wharton School.
Responding, Sanni said : “I would like to commend Mr. Moyo Ajekigbe, OFR, for his great leadership during his tenure. As I step in, I am counting on the support of the Board of Directors, Management, Employees and Shareholders to work together to remain the leading dairy company in Nigeria. Our path to continue the heritage of being a household name for dairy nutrition and nourishing Nigerians will go on.”
Commenting, the Managing Director, Mr. Roger Adou, FrieslandCampina WAMCO Nigeria PLC, stated: “Mr. Ajekigbe’s journey has strengthened the company’s commitment to sustainability, innovation and community engagement, which have been pivotal in positioning our company as a leader in the dairy industry. As we welcome our new Chairman, Sanni, we are confident that his wealth of experience will sustain our agenda of profitable and sustainable growth while nourishing Nigerians with quality dairy nutrition.”.
As Mr. Sanni takes on this new role, FrieslandCampina WAMCO is confident that his leadership will usher in a new era of growth and innovation. The Board of Directors of FrieslandCampina WAMCO congratulates Mr. Yinka Sanni and wishes him a successful tenure.