FoodCo emerges NBL’s Retail Company of the Year

January 4, 2021
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FOODCO Nigeria Limited, has won the award for Retail Company of the Year at the 2020 BusinessDay Nigeria Business Leadership Awards, held recently in Lagos.

The multi-channel retailer joined a list of 38 companies and eight CEOs recognised for their remarkable leadership and sustained commitment to excellence in enterprise.

Speaking on the award, the Managing Director, BusinessDay Media Ltd., organisers of the Awards, Ogho Okiti, explained that the  criteria for vetting was based on a balanced scorecard that assigns weighted averages to leadership, innovation, market share, process improvement, financial performance, among others.

“FoodCo’s track record of leadership in the consumer goods industry in an undoubtedly tough economic year, impressive year-on-year performance, values of integrity and the highest professional standards at a time when stakeholders and regulators are holding boards accountable to stringent governance expectations, informed the decision to bestow the company with the award,” he added.

Receiving the award, Chief Executive Officer, FoodCo, Ade Sun-Basorun, expressed appreciation to the organisers for the recognition and dedicated the award to the entire FoodCo team as well as the company’s customers.

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