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UAC appoints non-executive directors


UAC OF Nigeria

UAC of Nigeria PLC (UACN) has announced the appointments of Mr Folasope Babasola Aiyesimoju and Mrs Olufunke Ighodaro as Non-Executive Directors of the Company. Mr Peter Benedikt Mombaur would serve as the alternate Director to the new non-Directors.

Mr Aiyesimoju, finance professional, has vast experience spanning corporate finance, principal investing and private equity in Sub-Saharan Africa’s most important economies. He 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.

Mr Aiyesimoju is the founder of Themis Capital Management, an investment firm focused on concentrating capital and talent on high-potential opportunities in Sub-Saharan Africa.


Mrs Ighodaro is an astute and experienced business leader with considerable experience in executive as well as non-executive leadership positions with some of Africa’s most successful companies. She holds a B.Sc. (Hons) degree in Operational Research from Salford University and is a Fellow of the Institute of Chartered Accountants in England and Wales.

Mr Mombaur is an investor and entrepreneur with professional experience in Sub-Saharan Africa, Western Europe and North America. He has lived and worked in Nigeria for seven years and overseen investments for over a decade.

He holds University degrees in Mechanical Engineering (specialising in Energy and Automation) as well as Law and Economics. His work experience spans fast moving consumer goods, telecommunications, financial services and education.

A co-founder of Themis Capital Management and Chief Executive Officer and co-founder of Terra Education, a learning travel company based in San Diego, USA, Mr Mombaur was co-Managing Director at Tana Africa, an investment company with an open-ended investment horizon backed by the Oppenheimer family and Temasek. His experience includes working with Mckinsey & Company and RWE Group, one of Germany’s largest utility companies. He is co-founder of the African Leadership Academy, an institution based in Johannesburg, South Africa and focused on developing Africa’s future leaders.

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