At Food Concepts we believe that Environmental and Social Responsibility (ESR) extends well beyond a few initiatives that are supported annually. Rather, for us, it is a culture and an attitude that exists within the fabric of our way of doing business. We recognise that we have a responsibility to support the communities and environments in which we operate that we must ensure that we impact them positively.
Since inception, Food Concepts has believed in the need to inspire, educate and uplift children so that they are better equipped to become productive and employable members of society. On this basis, one of our ESR focus areas is on educational initiatives. In the spirit of promoting entrepreneurship and work, we partner with several schools in Lagos to promote guided tours of our Central Kitchen and Pie Production departments. We also invite students into our restaurants to educate them on the processes around food production within a Chicken Republic Restaurant.
We have also always supported Sickle Cell Anaemia to provide aid to individuals with the Sickle Cell Disease in Nigeria. Further to this, Food Concepts actively extends its Environmental and Social Responsibility across five key areas, as outlined below.
Food Concepts presently employs over 6,000 people and many more thousands are employed indirectly. We are proud of our reputation as an equal opportunity employer and as a company that prides itself on fair labour practices and incentive programmes that recognise and reward the efforts, talent and performance of our people.
By 2024 we will have 670 stores, directly employing over 9,000 people in Nigeria alone. We are fully committed to being a company that people aspire to work for and that has a reputation for retaining and growing talent by fostering an environment that aims to improve the lives, health, safety and wellbeing of our people.
In addition to employment, our Training and Development Centres are designed to train, upskill and develop the capability of every person that we employ on an ongoing basis.
As an equal opportunity employer; all qualified applicants receive consideration for employment and promotion without regard to race, colour, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability or age.
Food Concepts has also actively advanced the employment of women in our company. This has led to us being one of the most advanced gender equality businesses of our size in the industry, with the employment of over 50% female employees.
As mentioned, by 2024 we will have 670 stores, directly employing over 9,000 people in Nigeria alone. We are fully committed to ensuring that at least 4 000 of those will be from the women and youth pool, which are both sadly underemployed and with limited opportunities in Nigeria today.
We do not import anything ourselves. We buy all of our products, produce, poultry, etc. through Nigerian companies. Thus, every Naira that we spend goes into the local economy in one way or another, whether it is through job creation, distributed profits, Local or Federal taxes.
We have also reduced and will continue to reduce our Ex-Pat quotas by filling those position with local Nigerian talent, whilst promoting female employees to middle, senior and executive management positions.
Food Concepts remains committed to the support of grassroots entrepreneurs, from whom we purchase fresh produce for our Central Kitchen and numerous restaurants. We pride ourselves in taking a hands-on approach that is geared toward assisting budding entrepreneurs to improve and refine their products and services in order to meet our rigorous quality standards. As a testament to this, the young supplier of our bean powder won an Entrepreneur of the Year award.
Our ISO Safety Management certifications enables us to show our customers that we have a world-class food safety management system in place. This quality assurance aims to ensure customer confidence in our products, which is becoming more important as customers demand safe food and food processors require that ingredients obtained from their suppliers are safe.
To further enhance consumer protection, Food Concepts actively invites staff, suppliers and customers to report any concerns regarding unethical conduct at Food Concepts Plc via the Deloitte Tip-offs Anonymous Hotline, website, email or mobile app.
In addition, we have an internal customer care line and we also moderate social media complaints both directly and indirectly on a daily basis.
Food Concepts is committed to animal welfare and, as such, only purchases poultry from reputable, government approved processing facilities.
As we move forward, Food Concepts is committed to strengthening all existing initiatives and will continue to focus on creating homegrown employment, gender equality and upskilling children and young adults. We will continue to employ local talent and enrich the lives of as many Nigerians as we can.
We will embrace local talent by supporting artists, musicians, tailors, builders, fitters, plumbers, tilers, electricians and so on, to build sustainable businesses, which in turn, drives economic growth and employment within the various communities in which we operate.
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 |
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