Nigeria, July 15 -- UAC of Nigeria Plc has announced significant changes to its board structure, appointing its Group Investment Director, Adebolanle Badejo, to the board of UPDC Plc.

The company stated that the restructuring is intended to strengthen governance across its operating companies and sharpen its focus on portfolio growth and acquisitions.

According to a regulatory filing signed by Ayomipo Wey, the Company Secretary and Group General Counsel, the appointment takes effect from 13 July.

As part of the restructuring, Mr Badejo will step down from the board of UAC of Nigeria Plc. He will, however, retain his role as Group Investment Director, remain a member of the company's Executive Committee, and continue to report directly ...