The founder of Fidson Healthcare Plc, Mr Fidelis Ayebae, has retired as the chief executive of the company, with Mr Abiola Adebayo succeeding him.
Mr Ayebae stepped down from the position today, Friday, August 1, 2025, a statement signed by the Company Secretary, Mr Yomi Adebanjo, disclosed.
“As I step down, I do so with immense pride in what we have built together. I now retire knowing that Fidson is in excellent hands with Biola Adebayo, who has been on this journey with me for 29 years.
“I am confident that his leadership will continue to drive innovation and strategic growth, ensuring the company remains at the forefront of healthcare delivery in Nigeria,” Mr Ayebae said at the 26th Annual General Meeting (AGM) on Thursday, July 31, 2025.
Also, the chairman of the organisation’s board, Mr Segun Adebanji, announced his retirement during the yearly gathering, with his successor expected to be formally appointed at the next board meeting.
Mr Adebanji said the appointment of Mr Adebayo as the next chief executive of the firm “confirms Fidson’s robust succession planning and commitment to sustained growth.”
At the AGM, conducted electronically, shareholders overwhelmingly approved the board’s recommendation to pay a dividend of N1.00 per share, amounting to N2.295 billion.
The cash reward is in line with the company’s policy of giving returns to its numerous investors and was paid out of total earnings per share (EPS) of N2.52 in line with its dividend policy out of the profit for the year ended December 31, 2024, which was laid before the shareholders.