Nestlé Nigeria Chief Executive Officer, Mr. Wassim Elhusseini While Receiving The Award
Nestlé Nigeria is proud to announce that its Chief Executive Officer, Mr. Wassim Elhusseini, has been recognized as one of the Outstanding CEOs at the recent BusinessDay Top 25 CEO Awards held on September 28, 2024.
The BusinessDay Top 25 CEO Awards 2024 acknowledges the achievements of CEOs from companies listed on the Nigerian Stock Exchange (NGX) and the Next Bulls category—an elite group of companies poised for listing on the NGX. These CEOs have not only navigated the complexities of today’s business landscape but have also steered their organizations toward remarkable success.
This recognition comes during a time when many businesses are scaling back operations, yet Nestlé Nigeria has continued to push the boundaries, investing in both its people and innovative product development.
In the first half of 2024, the company reported strong growth, with a remarkable 67% increase in second-quarter sales year-on-year, despite the challenging business environment. These results underscore the strength of Nestlé Nigeria’s brands, and the trust placed in them by consumers, reflecting the company’s unwavering commitment to delivering quality products while navigating industry-wide disruptions.
Speaking after receiving the prestigious award, Mr. Elhussieni said “This recognition is not just a personal honor, but a testament to the resilience, dedication, and unwavering spirit of the entire Nestlé Nigeria family. Despite the challenges we have faced as an industry, our performance, especially in the first half of 2024, is proof that with a focus on innovation, operational excellence, and the hard work of our employees, we can continue to thrive. I am immensely proud of what we have achieved together, and this award belongs to every employee, partner, and stakeholder who has believed in our vision.”
Nestlé Nigeria’s achievements extend beyond financial performance. The company has been at the forefront of innovation, launching several new products that have resonated with consumers. Additionally, Nestlé Nigeria remains committed to talent development, research, and creating shared value in the communities it does business.
“We believe in the power of community and the importance of creating shared value,” added Mr. Elhusseini. “Our initiatives in education, nutrition, and environmental sustainability are making a positive impact on the lives of many Nigerians.”
Instituted in 2014 by BusinessDay Media Limited, the Top 25 CEO Awards recognizes leaders who exhibit exceptional courage, forward-thinking strategy, and an unwavering commitment to the growth and sustainability of their organizations. Wassim Elhusseini’s leadership through one of the most difficult years in the industry underscores the values that have made Nestlé Nigeria a trusted name in households across the nation.