FoodCo wins company of the year award

FoodCo Nigeria Limited, a diversified consumer goods company with interests in retail, quick service restaurants, manufacturing and entertainment has been named the Multigenerational Company of the Year, at the inaugural Nigerian Business Leadership Awards (Excellence in Enterprise) held in Lagos, recently.

FoodCo emerged winner in a category that included Churchgate Group and Chellarams Plc.

Publisher and Chief Executive Officer, BusinessDay Media Limited, Frank Aigbogun, organisers of the awards, said FoodCo’s commitment to excellence in enterprise and commendable growth profile across successive generations of leadership were key factors that stood the company out.

He said: “The selection of FoodCo Nigeria Limited for this award is in consideration of the ability of successive leaderships of the company to steer it towards greater levels of success. This is an uncommon feat in Nigeria where many enterprises do not survive the first generation. Despite the challenges prevalent in the Nigerian environment, FoodCo as maintained a strong market position and profitability, and is currently making entrance into new regions.”

CEO-designate, FoodCo Nigeria, Ade Sun-Basorun, who received the award on behalf of the company, expressed gratitude to the organisers for the recognition.

He said: “This award means a lot to the FoodCo team. Since inception 37 years ago, we have maintained a consistent focus in investing in people and in our communities. This enduring vision has helped harmonise the efforts of successive generations of the company’s leadership in becoming a responsible corporate citizen and reliable partner to our various stakeholders.”