Thibaut Boidin to succeed Hans Essaadi as Nigeria Breweries’ Managing Director/CEO
The Nigerian Breweries Plc has announced changes in the Board of Directors as Hans Essaadi is set to move on to the Managing Director of HEINEKEN Poland while Thibaut. F.B. Boidin, currently the Managing Director of HEINEKEN Romania will move to Nigeria.
In a statement released to the Nigerian Exchange Group, Mr. Hans Essaadi will complete his assignment in the Company on June 30th, 2025, and thereafter pick up another assignment as the Managing Director of HEINEKEN Poland. Following the completion of his assignment in the Company, Mr. Essaadi will resign from the Board effective June 30th, 2025.
Mr. Essaadi was appointed to the Board and became the Managing Director/CEO effective the 31st of July 2021. His tenure has been marked by significant milestones, including delivering a net revenue of over N1 trillion amidst one of Nigeria’s most challenging economic landscapes in recent history. His clarity and resilience steered the Company through foreign exchange constraints, high inflation, and liquidity pressures, while keeping the Company’s fundamentals firmly on track. He oversaw the Company’s recent business recovery plan which included the raising of N550 billion via a rights issue, the most significant equity raising effort in the Nigerian capital market. Mr. Essaadi has helped to put the Company back on the path of profitability.
In the same vein, the Board has appointed Mr. Thibaut F.B. Boidin as a Director and will replace Mr. Essaadi as the Company’s Managing Director/CEO effective the 1st of July 2025.
Mr. Boidin is currently the Managing Director of HEINEKEN Romania one of HEINEKEN’s largest operations in Eastern Europe. He joined the HEINEKEN Group in 2017 as Deputy CEO of France Boissons and added to his scope in 2020 the role of HEINEKEN France Chief Transformation Officer. He was also the Chief Transformation Officer of HEINEKEN Europe based in Amsterdam before his current role in Romania. Prior to joining HEINEKEN, Mr. Boidin had served as an Officer in the French Armed Forces across different continents before transitioning to the corporate world where he held senior/executive and Managing Director positions in French organisations including Elis and Veolia.
The Board is pleased to have Mr. Boidin as the Company’s incoming Managing Director/CEO. His vast experience will be valuable to the growth and progress of the Company.
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