Presco Appoints Adewale Arikawe As New Non-executive Director

Presco Plc has appointed Adewale Arikawe as its non-executive director and also named Group chief executive officer of SIAT, overseeing subsidiaries including Presco Plc, SIAT Nigeria Limited, and Ghana Oil Palm Development Company Limited.

The company stated this in a release signed by its secretary, Frederick Ichekwai on the Nigerian Exchange Limited.

The statement said “the Company announced the appointment of Adewale Arikawe as a non-executive director to fill a casual vacancy on the Board with effect from January 2, 2026 until the next Annual General Meeting.

“Arikawe succeeds Felix Nwabuko, who is retiring from the Board after many years of exceptional leadership and significant contributions across SIAT NV and its subsidiaries.

“The Board expresses its sincere appreciation to Nwabuko for his dedication and outstanding service in driving the growth and success of the company over the years.”

Presco added that “in addition to his Board appointment, Arikawe has been appointed group chief executive officer of SIAT, with responsibility for overseeing all SIAT subsidiaries, including Presco Plc, SIAT Nigeria Limited, and Ghana Oil Palm Development Company Limited.

“In this capacity, Arikawe will work alongside the existing leadership teams to strengthen execution, accelerate strategic growth, and foster a high-performance culture across the Group.

“He is committed to empowering teams, enhancing leadership capability, and creating an enabling environment for continuous improvement and sustainable results.”

The company noted that “Arikawe brings over 26 years of leadership experience spanning across general management, commercial strategy, sales, customer development, and brand management. He has held senior leadership roles at Royal FrieslandCampina, overseeing operations across Sub-Saharan Africa, and at FrieslandCampina WAMCO Nigeria.

“His career also includes senior leadership positions at Nestlé Nigeria Plc, where he managed multi-channel sales operations and contributed to key strategic growth initiatives.

“He holds an MBA in Business Administration and Management from the University of Chichester and has completed executive education programmes at London Business School and IMD (International Institute for Management Development), Lausanne, Switzerland, with a focus on leadership, execution excellence, and business impact.”

Presco stated that “the Board welcomes Adewale Arikawe and looks forward to his valuable contributions to the Company and the wider SIAT Group.