FoodCo emerges as Retail Company of the Year
By Ugo Aliogo
FoodCo Nigeria Limited recently won the Retail Business of the Year award at the 2020 BusinessDay Nigeria Business Leadership Awards.
In a company statement, FoodCo joined a list of 38 companies and eight CEOs recognized for their outstanding leadership and sustained commitment to business excellence.
According to the Managing Director of BusinessDay Media Limited: “The audit criteria were based on a balanced scorecard that assigns weighted averages to leadership, innovation, market share, process improvement, financial performance, employee job satisfaction, social and environmental orientation and compliance with applicable regulatory requirements.
“FoodCo’s track record of leadership in the consumer goods industry during an undoubtedly challenging economic year, impressive year-over-year performance, values of integrity and the highest professional standards. higher at a time when stakeholders and regulators hold boards accountable for strict governance expectations and this is its sustained commitment to national development through significant investments in local capacity building which motivated the decision to award this prize to the company.
In his acceptance speech, FoodCo Managing Director Ade Sun-Basorun thanked the organizers for the recognition and dedicated the award to the entire FoodCo team as well as the company’s customers.
He said: “We are really touched by this recognition. In what has been a difficult but remarkable year for us, we have worked hard to make good progress in many areas of our business and today we are proud to be one of only two multi-channel retailers. of the country as well as the operators of the first real online supermarket.
“FoodCo is driven by the vision of providing quality customer service at an affordable price and this award reinforces our commitment to this heritage. We thank BusinessDay for this recognition even as we strive to transform the Nigerian organized retail landscape in the years to come and bring value to all stakeholders within the ecosystem, ”he said. -he adds.