Brands - Food Concepts PLC

OUR BRANDS

Food Concepts creates and cultivates food brands, each offering compelling value propositions that resonate with our customers. Our approach involves a deep understanding of customer desires, ensuring we not only meet but exceed their expectations.

Our proudly Nigerian brands, Chicken Republic, PieXpress, and The Chop Box, are tailored to the taste preferences, aspirations and budgets of West African consumers. We are dedicated to delivering outstanding customer experiences, delectable products and affordable value meals. This commitment extends seamlessly from our inviting restaurant environments to our user-friendly online channel.

Quality is paramount at Food Concepts. We source only the finest ingredients from local vendors who adhere to our stringent quality standards, contributing to job creation through our brand-building programs.

Our unwavering commitment to Health, Safety, and Consumer Protection is exemplified by our ISO 22000:2018 Certification in 2019, re-certification in 2020, 2021 and our latest ISO Certifications in 2022, reinforcing our dedication to excellence in every facet of our operations.

CHICKEN REPUBLIC

From our modest inception in 2004, our journey has been one filled with a mosaic of experiences, each twist and turn adding to the intricate pattern of our story. Throughout this odyssey, our unwavering dedication to our passion and mission has remained our guiding star.

At the heart of our existence lies an unwavering fervour – the delight of serving our patrons our Soulfully Spiced chicken meals. With every plate we serve, we extend an invitation to join our republic and “TASTE THE LOVE.” This is our solemn commitment, a pledge to offer delicious meals that embody our authentic blend of West African herbs and spices.

Beyond our delectable dishes lies a profound PURPOSE that propels us forward. We stand dedicated to not only owning and cherishing our Nigerian heritage, but also to share the essence of that love with everyone we touch. From our valued customers to our devoted employees and valued partners, we aspire to illuminate their lives with this love, crafting an environment where shared success is the ultimate recipe we co-create.

As the chapters of our story continue to unfold, we remain steadfast in our devotion to passion, purpose, and the ever-present flame that fuels our journey.

FRANCHISING OPPORTUNITIES

PIEXPRESS

PieXpress caters to the dynamic needs of on-the-go customers who crave convenience without compromising on the quality and taste of their food choices – all at a value that satisfies both their appetite and their budget. In a landscape where Nigerian consumers hold a deep affection for flavours that harmonise with their daily lives, PieXpress steps in as a culinary companion that resonates seamlessly.

The allure of nostalgia intertwined with the indulgence of pies and pastries propels this category forward with remarkable momentum. With PieXpress, we’ve sculpted an enterprise that not only efficiently manages costs but also nurtures a profitable concept through a strategic harnessing of economies of scale. By synergising our locations with Chicken Republic, we maximise the potential of our real estate, optimising every inch for the best returns.

The flexibility inherent in our brand structure permits easy relocations of stores, adapting adeptly to shifting market dynamics or newfound opportunities.

At PieXpress, our goal is clear – to offer a delectable, convenient, and economically rewarding experience that resonates with both taste buds and financial sensibilities. As we continue to weave our narrative, we

THE CHOP BOX

The vibrant realm of African commerce, a universal axiom prevails: conquering the African market equates to capturing the essence of its foundation – the base of the pyramid. Each day a multitude of Nigerian consumers embark on a quest for traditional sustenance, navigating the tapestry of informal Bukka eateries that dot the landscape.

Guided by research, a resounding truth emerges: the appetite for authentic Nigerian food pulsates vigorously among consumers, united by a shared zeal for flavours that resonate with their cultural heritage. It’s within this context that “The Chop Box” emerges a strategic and delectable solution that harmonises with the desires and cravings of the Nigerian palate.

Imagine the hearty embrace of Jollof Rice, the perfect balance of spices, evoking memories of festive gatherings. Visualise the succulent appeal and smoky aromas promising an authentic taste of the bustling Nigerian streets. Picture the comforting warmth of Egusi Soup, each spoonful a testament to the rich culinary heritage handed down through generations. With every bite, “The Chop Box” encapsulates the essence of Nigerian tradition while aligning with the aspirations for world-class experiences.

WORK WITH US – VIEW OPPORTUNITIES

Mr. Odunayo Olagundoye Educational & Professional Qualification: First degree in Engineering from Massachusetts Institute of Technology (MIT) (1969) \| Masters' degree from the prestigious MIT Sloan School of Management (1974) Date of Appointment: 9th February 2016 Committee Membership: Chairman	Biography/Experience: A banker by profession, Odunayo 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 holds a first degree in Engineering from Massachusetts Institute of Technology ("MIT") (1969) and a Masters'™ degree from the prestigious MIT Sloan School of Management (1974). He is currently the Chairman of Quantum Capital Management.
Mr. Kofi Abunu Educational & Professional Qualification: Bachelor of Arts degree in International Business and Marketing from the University of London, UK (1997) \| CIM, UK (1998) Date of Appointment: 7th March 2022 Committee Membership: Managing Director	Biography/Experience: Kofi has over 28 years international experience in management roles in the food and hospitality industry having previously worked with global brands such as McDonald's (UK), Nando’s, Steers (Ghana), and Innscor West Africa Limited (operators of multi-brand food court). He was head of Operations with their partnership with Exxon Mobil managing the ‘On the Run brand’. Kofi started with Food Concepts in 2007 as a GM for the Chicken Republic Brand. Over the years, he has operated in several African countries including Nigeria, South Africa & Ghana. His most recent appointment was from Divisional Managing Director - Business Development to Managing Director/CEO Food Concepts Plc which took effect from 7 March 2022.
Dr. Anthonia Agbonifo Educational & Professional Qualification: Graduate of accounting from Yaba College of Technology \|MBA with merit from the University of Liverpool UK \| Doctorate from European American University \| Fellow of ICA \| Fellow of IMC \| Chartered member of ICAN (2004) \| Member of NIM \| Diploma in IFRS from ACCA Date of Appointment: 28th March 2019 Committee Membership: Executive Director	Biography/Experience: Anthonia is a Chartered Accountant with over 20 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 and PriceWaterhouse Coopers in senior management functions. Anthonia joined Food Concepts Plc as the Group Chief Financial Officer in 2014 and is also the Divisional Managing Director of the International Finance and Shared Services Division.
Dr. Ikenna Okongwu Educational & Professional Qualification: Bachelor of Medicine & Bachelor of Surgery (MBBS) from the University of Jos (1991) \| Post Graduate Diploma in Human Resources from the Thames Valley University, UK (2001) \| Master’s in Management (MiM) from the Smurfit Business School in the University College Dublin Ireland (2011) Date of Appointment: 7th March 2022 Committee Membership: Executive Director	Biography/Experience: Ikenna is currently the Divisional Managing Director – Operations of Food Concepts Plc. He graduated as a Medical Doctor and has more than 25 years’ experience in the QSR industry, 18 of those in the United Kingdom and The Republic of Ireland. He worked as an Area Coach and Human Resources Manager in the United Kingdom with Yum Restaurants International (KFC) and as the Head of Operations in the Republic of Ireland with MBCC Foods Ltd (KFC Franchisee). In addition, Ikenna worked with KFC Nigeria as the Operations Leader prior to working with Food Concepts Plc. He was instrumental and led the growth of MBCC Foods in Ireland, and the turnaround and growth of the Food Concepts business in Nigeria.
Mr. Babatunde Fajemirokun Educational & Professional 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) Date of Appointment: 7th December 2016 Committee Membership:(i) Finance & General Purpose Committee. \| (ii) Remuneration & Corporate Governance Committee	Biography/Experience: Mr. Babatunde Fajemirokun is the Managing Director & CEO at AIICO Insurance Plc; a leading financial services group in Nigeria. Mr. Fajemirokun 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.
Mr. Babacar Ka Educational & Professional Qualification: Bachelor of Science in Business Administration and Finance from the University of California (2003) \| MBA from the University of Oxford (2010) Date of Appointment: 26th September 2017 Committee Membership: (i) Audit Committee \| (ii) Remuneration & Corporate Governance Committee	Biography/Experience: Babacar is an investment principal at Development Partners International LLP with 19 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.
Mr. Marc Stoneham Educational & Professional Qualification: BA (Hons) in Modern History from the University of Oxford (1st class) (2003) \|MBA from INSEAD (Dean's List) (2010) Date of Appointment: 26th September 2017 Committee Membership: (i) Finance & General Purpose Committee \| Remuneration & Corporate Governance Committee	Biography/Experience: 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.
Mr. Adefolarin Ogunsanya Educational & Professional Qualification: BSc (Hons) in Computer Engineering from NJIT (2007) \| MBA in Finance and Entrepreneurial Management from The Wharton School, University of Pennsylvania (2014) Date of Appointment: 26th September 2017 Committee Membership: (i) Finance & General Purpose Committee \| (ii) Audit Committee \| (iii) Remuneration & Corporate Governance Committee	Biography/Experience: Adefolarin is an investment professional at Development Partners International LLP with over 13 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.
Mrs. Yemisi Akinbo Educational & Professional Qualification: BSc degree in Accounting from the University of Lagos (1999) \| MBA from the London Business School (2015) \| Associate of the Institute of Chartered Accountants of Nigeria Date of Appointment: 29th September 2021 Committee Membership: (i) Finance & General Purpose Committee \| (ii) Audit Committee	Yemisi is a seasoned finance and investment professional with over 20 years’ experience in banking, asset management and private equity. She is currently a Principal at African Capital Alliance (ACA) where she is responsible for overseeing investments in the consumer goods sector. At ACA, she was previously the Head of the Investor Management and Fund Administration function. Prior to joining ACA, Yemisi worked with the First City Group, a leading financial services group in Nigeria. Yemisi has a BSc. degree in Accounting from the University of Lagos (1999) and an MBA from the London Business School (2015). She is also an Associate of the Institute of Chartered Accountants of Nigeria.
Mr. Benjamin Dabrah Educational & Professional Qualification: BSc degree in Land Economy from the Kwame Nkrumah University of Science and Technology, Ghana (1999) \| BSc degree in Financial Services from the University of Manchester, UK (2006) \| MSc in Public Policy Economics from the University of Hull, UK (2001) Date of Appointment: 29th September 2021 Committee Membership: (i) Remuneration & Corporate Governance Committee

Mr. Odunayo Olagundoye Educational & Professional Qualification: First degree in Engineering from Massachusetts Institute of Technology (MIT) (1969) \| Masters' degree from the prestigious MIT Sloan School of Management (1974) Date of Appointment: 9th February 2016 Committee Membership: Chairman	Biography/Experience: A banker by profession, Odunayo 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 holds a first degree in Engineering from Massachusetts Institute of Technology ("MIT") (1969) and a Masters'™ degree from the prestigious MIT Sloan School of Management (1974). He is currently the Chairman of Quantum Capital Management.
Mr. Kofi Abunu Educational & Professional Qualification: Bachelor of Arts degree in International Business and Marketing from the University of London, UK (1997) \| CIM, UK (1998) Date of Appointment: 7th March 2022 Committee Membership: Managing Director	Biography/Experience: Kofi has over 28 years international experience in management roles in the food and hospitality industry having previously worked with global brands such as McDonald's (UK), Nando’s, Steers (Ghana), and Innscor West Africa Limited (operators of multi-brand food court). He was head of Operations with their partnership with Exxon Mobil managing the ‘On the Run brand’. Kofi started with Food Concepts in 2007 as a GM for the Chicken Republic Brand. Over the years, he has operated in several African countries including Nigeria, South Africa & Ghana. His most recent appointment was from Divisional Managing Director - Business Development to Managing Director/CEO Food Concepts Plc which took effect from 7 March 2022.
Dr. Anthonia Agbonifo Educational & Professional Qualification: Graduate of accounting from Yaba College of Technology \|MBA with merit from the University of Liverpool UK \| Doctorate from European American University \| Fellow of ICA \| Fellow of IMC \| Chartered member of ICAN (2004) \| Member of NIM \| Diploma in IFRS from ACCA Date of Appointment: 28th March 2019 Committee Membership: Executive Director	Biography/Experience: Anthonia is a Chartered Accountant with over 20 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 and PriceWaterhouse Coopers in senior management functions. Anthonia joined Food Concepts Plc as the Group Chief Financial Officer in 2014 and is also the Divisional Managing Director of the International Finance and Shared Services Division.
Dr. Ikenna Okongwu Educational & Professional Qualification: Bachelor of Medicine & Bachelor of Surgery (MBBS) from the University of Jos (1991) \| Post Graduate Diploma in Human Resources from the Thames Valley University, UK (2001) \| Master’s in Management (MiM) from the Smurfit Business School in the University College Dublin Ireland (2011) Date of Appointment: 7th March 2022 Committee Membership: Executive Director	Biography/Experience: Ikenna is currently the Divisional Managing Director – Operations of Food Concepts Plc. He graduated as a Medical Doctor and has more than 25 years’ experience in the QSR industry, 18 of those in the United Kingdom and The Republic of Ireland. He worked as an Area Coach and Human Resources Manager in the United Kingdom with Yum Restaurants International (KFC) and as the Head of Operations in the Republic of Ireland with MBCC Foods Ltd (KFC Franchisee). In addition, Ikenna worked with KFC Nigeria as the Operations Leader prior to working with Food Concepts Plc. He was instrumental and led the growth of MBCC Foods in Ireland, and the turnaround and growth of the Food Concepts business in Nigeria.
Mr. Babatunde Fajemirokun Educational & Professional 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) Date of Appointment: 7th December 2016 Committee Membership:(i) Finance & General Purpose Committee. \| (ii) Remuneration & Corporate Governance Committee	Biography/Experience: Mr. Babatunde Fajemirokun is the Managing Director & CEO at AIICO Insurance Plc; a leading financial services group in Nigeria. Mr. Fajemirokun 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.
Mr. Babacar Ka Educational & Professional Qualification: Bachelor of Science in Business Administration and Finance from the University of California (2003) \| MBA from the University of Oxford (2010) Date of Appointment: 26th September 2017 Committee Membership: (i) Audit Committee \| (ii) Remuneration & Corporate Governance Committee	Biography/Experience: Babacar is an investment principal at Development Partners International LLP with 19 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.
Mr. Marc Stoneham Educational & Professional Qualification: BA (Hons) in Modern History from the University of Oxford (1st class) (2003) \|MBA from INSEAD (Dean's List) (2010) Date of Appointment: 26th September 2017 Committee Membership: (i) Finance & General Purpose Committee \| Remuneration & Corporate Governance Committee	Biography/Experience: 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.
Mr. Adefolarin Ogunsanya Educational & Professional Qualification: BSc (Hons) in Computer Engineering from NJIT (2007) \| MBA in Finance and Entrepreneurial Management from The Wharton School, University of Pennsylvania (2014) Date of Appointment: 26th September 2017 Committee Membership: (i) Finance & General Purpose Committee \| (ii) Audit Committee \| (iii) Remuneration & Corporate Governance Committee	Biography/Experience: Adefolarin is an investment professional at Development Partners International LLP with over 13 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.
Mrs. Yemisi Akinbo Educational & Professional Qualification: BSc degree in Accounting from the University of Lagos (1999) \| MBA from the London Business School (2015) \| Associate of the Institute of Chartered Accountants of Nigeria Date of Appointment: 29th September 2021 Committee Membership: (i) Finance & General Purpose Committee \| (ii) Audit Committee	Yemisi is a seasoned finance and investment professional with over 20 years’ experience in banking, asset management and private equity. She is currently a Principal at African Capital Alliance (ACA) where she is responsible for overseeing investments in the consumer goods sector. At ACA, she was previously the Head of the Investor Management and Fund Administration function. Prior to joining ACA, Yemisi worked with the First City Group, a leading financial services group in Nigeria. Yemisi has a BSc. degree in Accounting from the University of Lagos (1999) and an MBA from the London Business School (2015). She is also an Associate of the Institute of Chartered Accountants of Nigeria.
Mr. Benjamin Dabrah Educational & Professional Qualification: BSc degree in Land Economy from the Kwame Nkrumah University of Science and Technology, Ghana (1999) \| BSc degree in Financial Services from the University of Manchester, UK (2006) \| MSc in Public Policy Economics from the University of Hull, UK (2001) Date of Appointment: 29th September 2021 Committee Membership: (i) Remuneration & Corporate Governance Committee

Brands Customers Love

OUR BRANDS

CHICKEN REPUBLIC

PIEXPRESS

THE CHOP BOX

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