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Coca-Cola Appoints New Managing Director

30 Nov 2012

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The Coca-Cola Company office

Obinna Chima

Coca-Cola Nigeria Limited has announced the appointment of Mr. Adeola Adetunji as the company’s new Managing Director effective January 1, 2013.

A statement said Adetunji would take over from Kelvin Balogun who was elevated recently to the position of President of Coca-Cola Central, East and West Africa (CEWA) Business Unit.

Adetunji who is currently the General Manager for Manufacturing and Trading Services, also serves as the Managing Director for Waveside (Pty.) Limited, a wholly owned subsidiary of The Coca-Cola Company in South Africa.

“A 19-year veteran of The Coca-Cola Company, 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),” it explained.

According to the statement, prior to joining Coca-Cola, 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 also holds a BSc. Degree in Economics from the University of Ife, Nigeria 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 & West Africa who will be moving up as the Group President for Coca-Cola Eurasia & 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.”

Adetunji said “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”.

Coca-Cola Nigeria, one of the most respected companies in Nigeria, is a subsidiary of The Coca-Cola Company, the world's largest beverage company, refreshing consumers with more than 500 sparkling and still brands.

Led by Coca-Cola, one of the world's most valuable brand, the company's portfolio features $15 billion brands including Diet Coke, Fanta, Sprite, Coca-Cola Zero, Vitamin-water, Powerade, Minute Maid, Simply, Georgia and Del Valle.

Tags: Business, Nigeria, Featured, COCA COLA, Managing Director

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