FoodCo Nigeria Limited, an indigenous diversified consumer goods company has announced the confirmation of Ade Sun-Basorun as substantive Chief Executive Officer of the firm.
Following the confirmation, Sun-Basorun, who had hitherto been operating in an acting capacity, will now lead the growth and expansion drive of the brand.
According to a statement, he replaces Sola-Sun Basorun, erstwhile CEO and founder, who assumes the position of Chairman of the company.
Ade Sun-Basorun is a seasoned executive with experience leading business transformation at FoodCo, McKinsey & Company and General Electric (GE) in Nigeria, South Africa, Kenya and the US.
He joined FoodCo in 2017 as an Executive Director and successfully repositioned the business from a supermarket-chain operation to a diversified consumer goods company with interests in retail, quick service restaurants, manufacturing and entertainment. Growing from five outlets, FoodCo is now the largest supermarket chain in South-West Nigeria, outside Lagos, and employs more than 500 staff.
The company was named the 2019 Multigenerational Business Leader of the Year at the inaugural edition of the Nigerian Business Leaders’ Awards organized by BusinessDay Media Ltd. Sunfresh Bread, from the stables of FoodCo Manufacturing, was also recently recognized as Africa’s Best Premium Quality Bread by the African Brand Congress (ABC).
