Nestlé Nigeria Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Wassim Elhusseini

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	4.2yrs
CEO ownership	n/a
Management average tenure	3.8yrs
Board average tenure	3.3yrs

Recent management updates

Recent updates

CEO

Wassim Elhusseini

4.2yrs

Tenure

Mr. Wassim Elhusseini serves as Managing Director, Chief Executive Officer and Director of Nestlé Nigeria Plc since September 1, 2020. He joined Nestlé Kuwait in 2002 as Channel Category Sales Development...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Wassim Elhusseini	MD, CEO & Director	4.2yrs	no data	no data
Namit Mishra	Finance & Control Director and Director	1.3yrs	no data	no data
Bode Ayeku	Company Secretary & Legal Adviser	16.8yrs	no data	no data
Kais Marzouki	Head of Nestlé Central & West Africa (CWA) Region	no data	no data	no data
Ibukun-Olu Ipinmoye	Factory Manager of Agbara Factory & Executive Director	3.4yrs	no data	0.000010% NGN 67.4k

3.8yrs

Average Tenure

Experienced Management: NESTLE's management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Wassim Elhusseini	MD, CEO & Director	4.2yrs	no data	no data
Namit Mishra	Finance & Control Director and Director	1.3yrs	no data	no data
Ibukun-Olu Ipinmoye	Factory Manager of Agbara Factory & Executive Director	3.3yrs	no data	0.000010% NGN 67.4k
Gbenga Oyebode	Independent Non-Executive Chairman	10.8yrs	no data	no data
Martin Kruegel	Non-Executive Director	1.8yrs	no data	no data
Mauricio Alarcon	Non-Executive Director	no data	no data	no data
Juliet Ehimuan	Independent Non-Executive Director	4.8yrs	no data	0.00027% NGN 1.8m
Adebisi Lamikanra	Independent Non-Executive Director	3.3yrs	no data	no data
Maryam Mohammed	Independent Non-Executive Director	1.3yrs	no data	no data

3.3yrs

Average Tenure

Experienced Board: NESTLE's board of directors are considered experienced (3.3 years average tenure).

Nestlé Nigeria Management

Management criteria checks 2/4

Key information

Recent management updates

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Recent updates

Third quarter 2024 earnings released: ₦9.28 loss per share (vs ₦8.72 profit in 3Q 2023)

Second quarter 2024 earnings released: ₦43.18 loss per share (vs ₦74.04 loss in 2Q 2023)

Price target decreased by 7.3% to ₦1,189

Consensus EPS estimates fall from profit to ₦134 loss, revenue upgraded

Price target decreased by 9.9% to ₦1,330

First quarter 2024 earnings released

New major risk - Financial position

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Now 23% undervalued after recent price drop

Price target decreased by 7.3% to ₦1,369

Third quarter 2023 earnings released: EPS: ₦8.72 (vs ₦15.65 in 3Q 2022)

Price target decreased by 11% to ₦1,476

Price target decreased by 7.5% to ₦1,533

New major risk - Negative shareholders equity

Second quarter 2023 earnings released: ₦74.04 loss per share (vs ₦12.33 profit in 2Q 2022)

Investor sentiment improves as stock rises 20%

First quarter 2023 earnings released: EPS: ₦20.45 (vs ₦22.68 in 1Q 2022)

Upcoming dividend of ₦36.50 per share at 5.7% yield

Full year 2022 earnings released: EPS: ₦61.77 (vs ₦50.51 in FY 2021)

Investor sentiment deteriorated over the past week

Upcoming dividend of ₦25.00 per share

Less than half of directors are independent

Third quarter 2022 earnings released: EPS: ₦50.66 (vs ₦14.95 in 3Q 2021)

Second quarter 2022 earnings released: EPS: ₦12.33 (vs ₦11.77 in 2Q 2021)

Price target increased to ₦1,675

Upcoming dividend of ₦25.50 per share

Consensus EPS estimates increase by 15%

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Less than half of directors are independent

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Upcoming dividend of ₦25.00 per share

Third quarter 2021 earnings released: EPS ₦14.95 (vs ₦12.76 in 3Q 2020)

Second quarter 2021 earnings released: EPS ₦11.77 (vs ₦13.41 in 2Q 2020)

Less than half of directors are independent

Upcoming dividend of ₦35.50 per share

First quarter 2021 earnings released: EPS ₦15.64 (vs ₦14.12 in 1Q 2020)

Price target raised to ₦1,406

New 90-day low: ₦1,306

Revenue and earnings miss expectations

Full year 2020 earnings released: EPS ₦49.47 (vs ₦57.63 in FY 2019)

New 90-day high: ₦1,450

New 90-day high: ₦1,430

Third quarter earnings released

New 90-day high: ₦1,293

New 90-day high: ₦1,292

Price target lowered to ₦1,343

CEO

Tenure

Leadership Team

Average Tenure

Board Members

Average Tenure