Directors’ Profile

Mr. Odunayo Olagundoye
Date of Appointment: 9th February 2016
Position: Chairman

Biography
A banker by profession, he was the pioneer Managing Director/Chief Executive Officer of Chartered Bank Plc., and a former Managing Director of National Bank of Nigeria Plc (2000 – 2003). Prior to that, he was the General Manager/Chief Credit Officer of International Merchant Bank Plc (1975 -1987). He is currently the Chairman of Quantum Capital Management; Non-executive Chairman, Rubber Estates Nigeria Limited; Trustee, Corona Schools Trust Council.

Qualification
* First degree in Engineering from Massachusetts Institute of Technology (MIT) (1969)
* Masters’ degree from the prestigious MIT Sloan School of Management (1974)

Mr. David Butler
Date of Appointment: 23 April 2015
Position: Managing Director

Biography
David has garnered over 19 years’ experience in the QSR industry in over 5 countries. David started his career in Pick ‘n’ Pay Hypermarkets and has since held various managerial positions in Nando’s Restaurants, YUM! Brands International and KFC. In 2014, he became the Managing Director of the Company and has led the Company to its current position, one of the top 5 (by market share of revenues) QSRs in Nigeria, and one of the most-respected and up-market brands in the industry.

Qualification
* Member, Institute of Directors (IOD), Nigeria.

Mr. Babatunde Fajemirokun
Date of Appointment: 7th December 2016

Biography

Mr. Babatunde Fajemirokun is the Managing Director & CEO at AIICO Insurance Plc; a leading financial services group in Nigeria.He joined AIICO Insurance Plc, Life Insurance Division, as CIO in May 2009, and was responsible for value-enhancing projects in its maiden growth strategy, business process and technology transformation projects. Prior to AIICO, he worked with Accenture, Lagos (2003-2007) and then Capgemini Consulting, UK (2008- 2009). In both roles, Babatunde provided consulting/advisory services to financial services and Government clients predominantly in mergers and acquisitions and then United Kingdom government transformation programmes.
His experience spans across Management Consulting focused on strategy & technology-led change in Financial Institutions and Government; Insurance & Asset Management focused on strategy, retail and corporate insurance, insurance (actuarial) & investment risk management, process/ technology-led change, turnarounds, corporate finance, and corporate management.

Qualification
* Bachelors’ degree in Business Economics from Glasgow, UK (2000)
* Business Information Strategy Master’s degree (dist.) from University of Strathclyde (2002)
* MBA in Finance from University of Chicago Booth School of Business (2013)
* Chartered Insurer (ACII)
Board Committees Membership
(i) Finance & General Purpose Committee
(ii) Remuneration & Corporate Governance Committee

Mr. Lanre Fabunmi
Date of Appointment: 22nd October 2015

Biography

Lanre Fabunmi is currently the Managing Director & CEO of AIICO Capital Limited – a leading secure investments management firm in Nigeria. He has over 16 years experience in commercial banking, consulting, risk management, audit, investment banking, and investment management. Lanre founded Tricorn Capital – a boutique investment banking firm, where he led the firm in executing severall and mark transactions of US$350million. He worked in Investment Banking at ARM Investment Managers, advising on transactions valued at over US$500million. He was a Senior Consultant at KPMG Professional Services, leading several large local and international audit/risk management engagements.
He has served as a key financial adviser to Food Concepts since 2006 – assisting the Company with key capital raising initiatives

Qualification
* MBA degree from University of Chicago Booth School of Business.
* BSc degree in Accounting from Ambrose Alli University, Edo State, Nigeria.
* Qualified Accountant (Institute of Chartered Accountants of Nigeria).
Board Committees Membership
(i) Audit Committee

Mrs. Runa Alam
Date of Appointment: 26th September 2017

Biography
Runa is a co-Founding Partner and Chief Executive Officer of Development Partners International LLP (“DPI”), a pan-African private equity firm. She has more than 30 years of investment banking, emerging market management and private equity experience. Runa was formerly the Chief Executive Officer of Kingdom Zephyr Asset Management and CEO of the PAIP-PCAP funds which were highly successful Pan-African funds. She started her career in New York working for investment banks including Morgan Stanley and Merrill Lynch, where she worked in mergers and acquisitions and corporate and tax-exempt finance.

Qualification
* Bachelor of Arts degree in International and Developmental Economics from the Woodrow Wilson School of Princeton University (1981).
* Masters’ in Business Administration (“MBA”) from the Harvard Business School (1985)
* Harry S. Truman Congressional Scholar
Board Committees Membership
(i) Finance & General Purpose Committee
(ii) Remuneration & Corporate Governance Committee

Mr. Babacar Ka
Date of Appointment: 26th September 2017

Biography
Babacar is an investment principal at Development Partners International LLP with 17 years of finance and investment experience spanning private equity, debt investing and equity research. Prior to DPI, Babacar worked at Standard Bank Group in the UK and was an investment analyst in the Global Transaction Team at the IFC in Washington DC.

Qualification
* Bachelor of Science in Business Administration and Finance from the University of California (2003).
* MBA from the University of Oxford (2010)
Board Committees Membership
(i) Audit Committee
(ii) Remuneration & Corporate Governance Committee

Mr. Marc Stoneham
Date of Appointment: 26th September 2017

Biography
Marc worked at Mckinsey & Company serving African and other emerging market clients across multiple industries and functions, with a focus on natural resources. Prior to Mckinsey, Marc worked in private equity at Actis and Kingdom Zephyr, and for Accenture strategy consulting.

Qualification
* BA (Hons) in Modern History from the University of Oxford (1st class) (2003)
* MBA from INSEAD (Dean’s List) (2010)
Board Committees Membership
(i) Finance & General Purpose Committee
(ii) Remuneration & Corporate Governance Committee

Mr. Adefolarin Ogunsanya
Date of Appointment: 26th September 2017

Biography
Adefolarin is an investment professional at Development Partners International LLP with over 12 years of experience in investment banking and private equity. Prior to DPI, Folarin was an investment professional at Helios Investment Partners and an investment banker at Credit Suisse in New York. He has experience in Corporate Finance, capital allocation and Strategy.

Qualification
* BSc (Hons) in Computer Engineering from NJIT (2007)
* MBA in Finance and Entrepreneurial Management from The Wharton School, University of Pennsylvania (2014)
Board Committees Membership
(i) Finance & General Purpose Committee
(ii) Remuneration & Corporate Governance Committee

Mrs. Anthonia Agbonifo
Date of Appointment: March 28, 2019
Position: Executive Director

Biography
Anthonia is a Chartered Accountant with over 17 years of experience in auditing, accounting, treasury, risk management, IFRS, finance, Sarbanes Oxley review, processes and advisory services across numerous industries. Anthonia is an Institute of Chartered Accountants of Nigeria (“ICAN”) prize winner and has attended numerous local and international training courses on leadership, management, taxation, auditing (IFRS, Nigerian & US GAAP), team management, Sarbanes Oxley, controls and is also a skilled facilitator.
Anthonia has served on two key committees of the board of ICAN i.e. PPMC for five years and MAC for one year. Anthonia worked with Akintola Williams Deloitte (1998-1999, 2002-2005) and PricewaterhouseCoopers (2005-2014) in senior management functions. Anthonia joined Food Concepts Plc as the Group Chief Financial Officer in 2014 and is currently a member of the audit committee and an alternate director of Food Concepts Pioneer Limited (an associate company).

Qualification
* Graduate of accounting from Yaba College of Technology.
* MBA with merit from the University of Liverpool UK.
* Fellow of ICA
* Fellow of IMC
* Chartered member of ICAN (2004)
* Member of NIM
* Diploma in IFRS from ACCA