The Manging Director, Guarantee Trust Bank, Nigeria and Director, MasterCard Advisory Board Middle East and Africa, GTB, Segun Agbaje has been elected as a member, Board of Directors of PepsiCo, owners of Pepsi and Mountain Dew.
56 year-old Agbaje, was elected by Board of Directors of the America-based company as an independent member of the Board, taking effect from July 15, 2020.
Speaking on the appointment, Chairman and CEO, PepsiCo, Ramon Laguarta delightfully welcomed Mr. Agbaje, while he expressed hopes that Agbaje would bring his wealth of experience in business transformation into the company.
It would be recalled that PepsiCo, recently acquired Pioneer Foods, makers of Butterfield Bread with the professional aid of Mr. Agbaje, as part of PepsiCo’s strategy to expand in the region.
Pioneer Foods also acquired a major stake in Food Concept, a leading baked goods company. Food Concepts are also the owners of the popular Chicken Republic quick-service restaurant chain in Nigeria.
Mr. Segun Agbaje would add value to the global perspective of Nigeria, a sub-saharan country.
Segun Agbaje started his career at Ernst & Young, San Francisco, USA and left in 1991 to join GTBank as a pioneer staff. He rose through the ranks to become an Executive Director in January 2000, and Deputy Managing Director in August 2002.
Agbaje was appointed Acting Managing Director in April 2011, then in June 2011, Segun Agbaje was named substantial MD/CEO, GTB.
Awards he has won as the Managing Director includes Best Bank in Nigeria by Euromoney; African Bank of the Year by African Banker Award; Best Bank in Nigeria by World Finance UK; Most innovative Bank by EMEA Finance; Best Banking Group by World Business Leader Magazine and Best Bank in Nigeria award by the Banker Awards.
He attended St Gregory’s College, Obalende Lagos State and St Augustine Academy, Kent for his secondary education then proceeded to University of San Francisco in America where he gained both a BSc in Accountancy and a master’s degree in Business Administration.
His knowledge and experience of embracing and scaling new technologies and critical capabilities will be valuable in PepsiCo, while his experience in business transformation and passion for delivering consumer value will serve PepsiCo.
Segun Agbaje holds a Bachelor of Science in Accounting and a Masters Degree in Business Administration from the University of San Francisco.
Olamide Adeniji is a Member of the Editorial Board of TheScript Newspaper.
