New MD for Coca Cola Nigeria
Coca-Cola Nigeria Limited has announced the appointment of Adeola Adetunji as the company’s new Managing Director effective January 1, 2013. He replaces Kelvin Balogun who was elevated recently to the position of President of Coca-Cola Central, East and West Africa (CEWA) Business Unit. A statement yesterday by the Public Affairs and Communications Manager of Coca Cola, Clem Ugorji, said Adetunji is currently the General Manager for Manufacturing and Trading Services, and also serves as the Managing Director for Waveside (Pty.) Limited, a wholly owned subsidiary of the Coca-Cola Company in South Africa.
According to the statement, Adetunji has served successfully in varied roles of increasing responsibility, spanning finance, marketing and operations. He joined the company in Atlanta in 1993 and was appointed as the South Africa Division Accounting Manager in 1996.
He led the Coca-Cola business in East Africa to record growth between 2003 and 2005 and was central in stabilising the business in Southern Africa between 2005 and 2007, before moving to bottling operations in July 2008 as the East and North Africa Operations Director for Coca-Cola Sabco, the anchor bottler for Coca-Cola Company in Africa.
Prior to joining the Coca-Cola Company, Adetunji worked in audit and consulting roles with Spicer and Oppenheimer (now Nexia International) for over three years. He is a Fellow Chartered Accountant and holds a B.Sc. degree in Economics from the University of Ife, and a MBA in Finance and Strategic Planning from the University of Pittsburg, Pennsylvania, USA.
“We are very pleased to have another strong professional, Adeola Adetunji, to lead the Coca-Cola business in Nigeria, one of our strategic growth markets”, said Nathan Kalumbu, outgoing President of Coca-Cola Central, East and West Africa, who will be moving up as the Group President for Coca-Cola Eurasia and Africa Group. “We are confident that he would focus on delivering our system growth plan, leveraging the solid groundwork laid over the past two years.”
In a comment, the statement quoted Adetunji as saying: “I am excited at the opportunity to return to Nigeria and steward the Coca-Cola business; and I look forward to working with the team to further strengthen the fundamentals of our business and grow our market leadership”.