Olusegun Osunkeye

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Olusegun Osunkeye is a Nigerian business exectutive who was managing director of Nestle (Nigeria) and currently serves as chairman of Nestle (Nigeria) and Glaxo Smithkline. He is a member of the International Chamber of Commerce, Nigeria and serves on various corporate boards in the country

Life

Osunkeye was educated at the Ibadan branch of the Nigerian College of Arts, Science and Technology, and completed accountancy studies abroad. After completing his studies, he worked with the United African Company and WAPCO before joining Nestle.

Nestle career

Osunkeye joined Nestle in 1972 as a management consultant, a year later he became an executive director and worked in various divisions of the firm including finance, personnel, administration and sales and research before becoming the deputy managing director. At the time he joined the company, industrial wise, it was a small multinational with Maggi as its main product produced locally, however, the firm was then making plans for a long term investment in the country with a major factory at Agbara which was completed in 1980. The firm then went on to build another factory in 1995t during the tenure of Osunkeye as CEO.

At Nestle, Osunkeye as a potential candidate to head the firm, was groomed in various cross functional and national duties including a stint abroad in management experience and training. In 1981, he was made the deputy MD

During the early 1980s, when an import license system limited access to raw materials, the firm introduced an inward looking strategy that made use of locally available raw materials for its finished products.

He became the managing director of Nestle in 1988 and left the executive position in 1999.