Unilever Nigeria announces Chika Nwobi’s retirement after nine years on Board

Unilever Nigeria has announced that Chika Nwobi will resign from the company's board on December 31, 2026, after nine years of service as an Independent Non-Executive Director. The executive decision aligns with the board's charter, which caps the tenure of Non-Executive Directors at nine years. Unilever notified the Nigerian Exchange and the investing public of Nwobi's impending departure.

A technology entrepreneur and investor, Nwobi boasts a distinguished academic background, earning a Bachelor of Arts in Economics and a Bachelor of Science in Computer Science from East Tennessee State University, along with a Master's degree in Software Engineering from the University of Oxford. He has also completed executive education courses at INSEAD, Tsinghua University in China, and various institutions on strategy, corporate finance, and human resources management.

Currently, Nwobi serves as the chairman of Vertex Software Corp and the CEO of Decagon, a technology firm he founded in 2018. Prior to this, he co-founded and led MTech, a company specializing in IT solutions and business software for organizations. Nwobi's professional portfolio includes consulting engagements for the Ford Foundation and the International Finance Corporation (IFC) on mobile money and micropayments technology in Nigeria.

Moreover, he is the founder of L5 Lab, a venture development firm that has nurtured African technology companies, including Jobberman and Cheki. Nwobi's retirement coincides with Unilever Nigeria's recent financial performance, which has shown growth in revenue and profitability over the nine months ended September 30, 2026. The company attributes this success to robust brand fundamentals, disciplined operations, and the successful execution of its route-to-market strategy.