WorldStage– Ahbiroop Chuckarbutty, a non-executive director at Cadbury Nigeria Plc, resigned six months after shareholders approved his appointment.
Cadbury Nigeria, a leading confectionery company listed on the Nigerian Stock Exchange disclosed the resignation and two appointments at once on the Nigerian Exchange Group March 27.
Chuckarbutty got no commendation—unlike Sunil Parthasarathy whose “valued contribution” got a mention when Cardbury announced his resignation from the board December 16.
The Nigerian Code of Corporate Governance 2018 requires a director resigning to give a notice to the board through its chairman.
So Chuckarbutty, serving for six months as non-executive director after shareholders’ approval, might have resigned warlier, about the time Cadbury announced Parthasarathy’s resignation. The company, however, insisted the new resignation took effect March 26.
The approval of Chuckarbutty’s appointment as a NED in October 2024 went through some strain, too.
It took the company’s shareholders more than half a year to approve his appointment in Lagos last June.
Before the approval, a March 2025 disclosure revealed Chuckarbutty had become a member of governance and risk committee, and remuneration and compensation committee.
His attendance record showed he missed the two meetings the first committee had that year, and attended one of the two times the second committee met before his resignation.
In the March 27 disclosure, Cadbury announced a replacement with Hisham Ezz El Arab, and the appointment of Rasaq Adedoyin Salami as an independent non-executive director.
The outgone director joined Mondele International, Cadbury Nigeria’s parent company, from Lipton Tea and Infusion. Chuckarbutty presided over Cadbury’s Sub-Sahara Africa business unit, and was a member of Asia-Pacific, Middle East and Africa leadership team.
