CAP appoints UACN GMD, Aiyesimoju as Non-Executive Director

By Kayode Tokede

Chemical and Allied Products Plc (‘CAP Plc) has appointed Mr Folasope Aiyesimoju into its Board as a Non-Executive Director, effective from October 5, 2021.

This is according to a notice signed by the Company’s Secretary, Ayomipo Wey and sent to the Nigerian Exchange Limited (NGX).

According to the disclosure, the appointment is subject to the approval of the company’s shareholders at its next Annual General Meeting (AGM).

Aiyesimoju is a finance expert with cross-national experience spanning corporate finance, principal investing and private equity. He is currently the Group Managing Director of UAC of Nigeria Plc (“UACN”), and also the founder of Themis Capital Management, an investment firm focused on concentrating capital and talent on high-potential opportunities in Sub-Saharan Africa.

Prior to founding Themis, he worked with Kohlberg Kravis Roberts, a leading global investment firm. His experience also includes working with the Standard Bank Group, where he led mergers and acquisitions in Nigeria. He spent the early part of his career with Ocean and Oil Holdings Limited, a principal investment firm in Nigeria and ARM Investment Managers, one of Nigeria’s leading investment advisory and wealth management firms.

Aiyesimoju co-founded Foodpro Limited, a nutritional snacks business focused on edible nuts, where he currently serves as a non-executive director. He also sits on the Boards of MDS Logistics Limited, Grand Cereals Limited, UAC Foods Limited and UPDC Plc.

Aiyesimoju holds a B.Sc. (Hons) degree in Estate Management from the University of Lagos, where he was awarded a Certificate of Excellence in Real Estate Development and Finance, and earned the right to use the CFA designation in 2006