Wasim Elfseini, CEO of Nestlé Nigeria, was recognized as one of the outstanding CEOs at the recently held BusinessDay Top 25 CEO Awards.
The BusinessDay Top 25 CEO Awards 2024 recognizes the achievements of CEOs of companies listed on the Nigerian Stock Exchange (NGX) and the Next Bulls category, an elite group of companies that are about to be listed on the NGX. These CEOs have not only navigated the complexities of today’s business environment, but have also led their organizations to remarkable success.
This recognition comes at a time when many companies are winding down their operations, but Nestlé Nigeria has continued to push boundaries by investing in both its people and innovative product development.
In the first half of 2024, the company reported strong growth despite a challenging business environment, with sales increasing 67% year-on-year in the second quarter. These results confirm the strength of Nestlé Nigeria’s brand and consumer trust, and reflect the company’s unwavering commitment to delivering quality products despite industry-wide disruption.
After receiving the prestigious award, Mr. Elfsieni said: “This award is not just a personal accolade, but a testament to the resilience, dedication and unwavering spirit of the entire Nestlé Nigeria family.Despite the challenges we face as an industry, we are especially proud of our performance in the first half of 2024. is proof that our focus on innovation, operational excellence, and the hard work of our employees allows us to continue to grow. We are extremely proud of what we have accomplished together. This award belongs to all our employees, partners and stakeholders who believe in our vision.”
Nestlé Nigeria’s achievements go beyond financial performance. The company has been at the forefront of innovation and launched several new products that resonated with consumers. Additionally, Nestlé Nigeria remains committed to talent development, research and creating shared value in the communities in which it operates.
“We believe in the power of community and the importance of creating shared value,” Elfseini added. “Our work in education, nutrition and environmental sustainability is positively impacting the lives of many Nigerians.”
Established in 2014 by BusinessDay Media Limited, the Top 25 CEO Awards recognize leaders who have demonstrated extraordinary courage, forward-thinking strategies, and an unwavering commitment to organizational growth and sustainability. Wasim Elfseini’s leadership through one of the most challenging times in the industry underscores the values that have made Nestlé Nigeria a trusted brand in households across the country.
