FrieslandCampina WAMCO appoints Yinka Sanni, ex-Stanbic IBTC Holdings CEO as Chairman

FrieslandCampina WAMCO has appointed Yinka Sanni, ex-Stanbic IBTC Holdings CEO as Chairman. This followed the retirement of Mr. Moyo Ajekigbe, who chaired the Board from 2010 to 2025. The Company’s Executive Director, Corporate Affairs, Ore Famurewa, in a statement commended the retiring Chairman for “his exemplary leadership and significant contributions as Chairman of the Board […]

FrieslandCampina WAMCO has appointed Yinka Sanni, ex-Stanbic IBTC Holdings CEO as Chairman.

This followed the retirement of Mr. Moyo Ajekigbe, who chaired the Board from 2010 to 2025.

The Company’s Executive Director, Corporate Affairs, Ore Famurewa, in a statement commended the retiring Chairman for “his exemplary leadership and significant contributions as Chairman of the Board of Directors.”

Mr Ajekigbe guided the company through various phases of growth and transformation, one of which was the commencement of dairy development. He is a seasoned banker with over 32 years’ experience whose “tenure saw the implementation of innovative strategies that enhanced the company’s market position” according to Famurewa.

Sanni brings to his new position a wealth of experience spanning over 35 years in the financial services sector. He has held various leadership roles, including his most recent position as Group Executive at Standard Bank Group. He was the Chief Executive Officer, Africa Region of the Standard Bank Group and Stanbic IBTC Holdings PLC.

“The expertise Mr. Sanni brings to the Board of Directors, FrieslandCampina WAMCO Nigeria PLC covers retail and wholesale banking, asset management and his invaluable strategic vision for the continued growth and innovation of the company” said Famurewa.

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 programmes at Harvard Business School and The Wharton School.

The former Chairman commended “everyone” made his journey a successful one.

He said, “Leading a company such as FrieslandCampina WAMCO Nigeria PLC was a great honour. 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.”

In response, 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.”

The Managing Director, FrieslandCampina WAMCO Nigeria PLC, Mr. Roger Adou, stated: “Mr. Moyo 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, Mr. Yinka 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.”