Stella Dimoko Korkus.com: Seni Adetu's Transition from Guinness

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Saturday, October 10, 2015

Seni Adetu's Transition from Guinness

Down-to-earth and dynamic Seni Adetu is a former Managing Director and Chief Executive Officer of the beverage giant, Guinness Nigeria Plc who had an illustrious career in sales and marketing that culminated in his appointment as CEO in four different countries in Africa.






Seni started his working life with the multinational firm, John Holt Plc, as Brand
Manager in 1986 and after a highly successful stint, joined CMB Packaging Plc as Product Group Manager in October 1990. Brimming with ideas, he left CMB Packaging in 1992 to join Coca-Cola Nigeria Limited as Field Marketing Manager (Operations).

At Coca-Cola Nigeria, Seni’s managerial and marketing know-how became apparent and he enjoyed a meteoric rise to become the Marketing Director in 1998, first Nigerian ever to attain the rank. He was later seconded to Nigerian Bottling Company (NBC) Plc as the Commercial Director where he scored another feat by being the first African to become National Commercial Director of NBC.

Seni led the team to double the company’s operating profit in three years and engineered the acquisition of Limca Bottling Company. He also built an amazing relationship with the bottler that resulted in breakthrough performances across key metrics – Volume, Profit and Market Share.

After joining Diageo from Coca-Cola, Seni was seconded to Guinness Ghana Breweries Limited as MD/CEO where he drove a huge change agenda that included integration of newly acquired Heineken business into Diageo and caused the doubling of the business. In July 2009, he was appointed as GMD/CEO of East African Breweries Limited, a subsidiary of Diageo.


At EABL, Seni consistently delivered superior total shareholders returns, beat competition, led EABL to become the most capitalised company on the Nairobi Stock Exchange, completed a complex acquisition of a new company in Tanzania (Serengeti Breweries Limited), renovated the Tusker brand for the first time in 40 years to great performance effect, turned around the performance of the Ugandan business. It is no wonder that in 2012, Seni was announced one of three CEOs for Forbes Business Leaders of the Year in East Africa!

Upon joining Guinness Nigeria as MD/CEO, Seni led a resilient business as a result of the partial removal of fuel subsidy by the government. The sharp increase in fuel price resulted in a change in the consumption pattern of alcoholic drinks from premium brands to lower mass market brands. He however led the business creditably, ensuring progress in key areas and improved cost efficiencies in operations that resulted in incremental sales pan-Nigeria. 

Under Seni's watch, Guinness expanded margin and gained considerable market share by successfully introducing innovation brands such as Snapp and Orijin. He left Guinness in December 2014. 

So sterling were Seni’s corporate achievements that the paramount ruler of Remo Kingdom, Oba Adeniyi Sonariwo, honoured him with a chieftaincy title. He was installed as the 1st Otunba Dadaffini of Remo Land, while his wife, Janet, was also installed as the Yeye Otunba dadaffini of Remo land some months back.

The question on the lips of friends, admirers and well-wishers of Seni Adetu is – what’s next for one of Nigeria’s foremost technocrats? Will it be a foray into the murky water of politics, another multinational appointment and/or entrepreneurship?

We think it is entrepreneurship!


 Remember you read it here first.



82 comments:

  1. Ajuju nkea tara akpu. But he has a clean and decent lifw history. Hardwork sure does not kill.

    ReplyDelete
    Replies
    1. Stella u did not tell us anything new. All this is common knowledge. I hope u got paid for the PR though?

      Delete
  2. A very nice and respectful gentleman.

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  3. Who he help? I didn't read thru though.

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  4. a.k.a EDWIN CHINEDU AZUBUKO said...
    .
    Things like this no agree me to comment..
    .
    .
    ***CURRENTLY IN JUPITER***

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  5. Thanks for sharing this with us.

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  6. Pls I need a job. May my helpers locate me soon IJN. ..Amen

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  7. Make him a Minister...

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  8. Replies
    1. Send you phone number for the summary.

      Delete
    2. The article says you're a lazy nit & the money spent on your education, if any, is a waste.

      Delete
  9. And who sponsored this profile post?? PMB don't read blogs ma'am he's too busy for that!
    The ministerial slot is finished.
    GOD BLESS NIGERIA

    ReplyDelete
    Replies
    1. Blind bat - dem say man pikin wan do business you dey talk pmb. Sorry for you oh.

      Delete
  10. Anyone dating abimbola labiyi shud knw he has his and has relocated to ibadan after stealing in ife.he has kleptomania and also has three kids from different woman.

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  11. All this many stories on someone I don't even know sef? Hehehehehe.

    SDK Eku ise oh.

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    Replies
    1. Lol - you better drop your house address so that the man can come and introduce himself to you since his life depends on it. Lol...

      Delete
  12. Hmmmm Seni Adetu !

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  13. He has done well for himself,but he better stick to his career

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  14. All this life history ontop what?
    Ok....

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  15. what next for Seni is to be my horse band , Stella what question is this

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    Replies
    1. Husband or horse band? Chai - wahala dey oh.

      Delete
  16. Stella is it true thatAlamesigha is dead?
    Biko verify plz

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    Replies
    1. Sadly, he is. All over the news.

      Delete
  17. Great profile, young guys should stop looking for toto to f*** they should emulate dis kinda ppl.

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  18. Seni Adetu! Seni Adetu!! Seni Adetu!!! Cerebral and savvy. God bless your future hustle!!! So shall it be because if this is true, it means job creation.

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  19. @Tayan Taylor - he is married to Janet Adetu of JSK Etiquette Consortium. One hot British-Nigerian Mama. Maybe you should be asking if he has a grown up son. Lol

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    Replies
    1. So very true.
      On training she advises working women to make their home their priority.
      If you work in the Island and her company doesn't train you on image and corporate ettiques, you havent been trained.
      In her delicious British English she will calmly tell you..."your husband is a brand, manage him perfectly well". Mine is an Ijebu man, I give him all the attention. Awwwwww.

      Nothing like training school abeg. You learn every every, and some rub off on you if you mingle with the right people.

      Delete

    2. A beg not all husbands are brands, only the achievers and not the intellectually lazy mofos who have to be pushed and dragged before they make the slightest effort to earn a living.

      Delete
  20. He shouldn't venture into politics o, I wish ppl like him can be seen and nominated for ministerial positions...

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  21. Hardwork, consistency and innovation are the three qualities which can be garnered from his impressive resume.

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  22. Impressive.
    CV very intimidating.
    Welldone Mr Seni.
    God lift us up high where we belong.
    Only you can do it.

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  23. Hehehehe why the long history

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  24. This guy almost killed Guinness Nigeria if not for the quick intervention of Diageo global, Guinness Nigeria would have been history. He may have ingeniously turned things around in other countries but definitely not in Nigeria

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    Replies

    1. Very true.

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    2. He must have been drinking too much of that Origin bitters.

      Delete
  25. Congrats sir! Enjoy ur new title.

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  26. Anonymous
    S


    Seni Adetu is heartless and the most wicked man on earth, he ran guiness Nigeria down,cut short people's carreer. The next thing is for God to judge him, he has been weighed in the balance and found wanting.

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  27. What next:Seni Adetu is positioned for God's judgment, he has been weighed in the balance and found wanting, he ran down Guiness Nigeria and cut short people's carreer.

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  28. @Anonymous - stop beefing the man, and cursing. You must be one of the few that will be unhappy no matter his achievements. Life is not objective or fair. A successful man is not a PEOPLE PLEASER - it is a man that gets the job done and that is what his profile says.

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  29. Chei - the bad belle people have arrived oh. Ranting - "he almost killed Guinness" and you expect us to taken that hook line and sinker? A company with strong fundamentals - one of the few FCMGs that grew market share and increased annual turnover when others were declaring huge loss after PAT. So na Seni increase pump price of fuel? He is the one promoting Boko Haram? And he is CBN and PHCN on the matter of power and devalued currency? Some people eh!!! STELLA welldone - Please profile the Airtel boss, First Bank boss, MTN boss, Konga boss, Chude & Debola,and all other honest Nigerians. We need to be be inspired

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    Replies
    1. He actually almost killed Guinness and ran peoples career down. He is very arrogant and undisciplined. I say these knowing that God will judge me if I lie against him

      Delete
  30. Chei - the bad belle people have arrived oh. Ranting - "he almost killed Guinness" and you expect us to taken that hook line and sinker? A company with strong fundamentals - one of the few FCMGs that grew market share and increased annual turnover when others were declaring huge loss after PAT. So na Seni increase pump price of fuel? He is the one promoting Boko Haram? And he is CBN and PHCN on the matter of power and devalued currency? Some people eh!!! STELLA welldone - Please profile the Airtel boss, First Bank boss, MTN boss, Konga boss, Chude & Debola,and all other honest Nigerians. We need to be be inspired

    ReplyDelete
    Replies

    1. IT IS NOT BAD BELLE! GO AND CHECK OUT GUINNESS' FINANCIALS WHEN SENI WAS THE MD AND YOU WILL BE CORRECTLY INFORMED. PROFITS DROPPED DURING HIS TENURE AS MD.

      Delete
  31. Then why was he sacked by Diageo. Answer that question.

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    1. He was sipping too much of that Origin bitter which impaired his judgement on the job.

      If single handedly bringing down a company is a measure of success, then Seni is your man.

      Seni raised prices on Guinness Premium and mainstream beer brands when consumer spending was down as a result of the partial subsidy removal in 2012.

      Like someone else said, he ignored the macroeconomic factors. Diageo, the parent company stepped in, removed him and reversed all the price changes he made.

      Why didn't they find another spot for him somewhere in their organisation? I don't know. That's a good question. Unless he screwed up so bad that they had borrow money (N10 billion Commercial Paper) to clean up his mess.

      Delete
  32. @Anonymous beefing Adetu - The profit of Guinness has been declining before the poor guy was appointed to succeed one Oyibo man that spent two years plus. Your beefing made you blind to the fact that same company announced increased turnover and PAT at the point he left (JUST GOOGLE IT).

    Successful people must have HATERS sha.

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  33. Was that why he was sacked by Diageo?

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  34. He did not leave Diageo, he was sacked. There is a difference between left and sacked.

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  35. Lol - see haters at work (anonymous 14.36 - hope the man was not your former colleague?). You think we are Libers abi? SDK peeps are well informed oh. SO NIGERIAN BREWERIES IS RAISING N100BN COMMERCIAL PAPER AS WELL TO CLEAR SENI'S MESS? Lol. Most FMCGs are in trouble - UNILEVER & NESTLE declared huge DECLINE in PAT; FG was broke and could not pay oil marketers months back and State Governments were owing several months - which explains squeeze in discretionary income which affected NBL, Guinness, MTN etc. And here you are abusing a MAN that served a company and left after his contract like every MD/CEO before him. FOR YOUR INFORMATION, Guinness has a tenor system for its MD/CEOs - Ask Keith Richard (Chairman of Promasidor) if you are in doubt.

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  36. Wow - so much hate and bile by the last poster. Shame. Every market analyst know that Guinness will not cover up if Seni Adetu did any wrong. The company is one of the most well managed in Nigeria, if not. The company renders quarterly and half yearly accounts, and at nine months before full year results announcement, so there is no room for messing around. A company governed by the UK Bribery Act, and its US equivalent does not cover up. So the market (investors, analysts and shareholders) do not know what guys are talking about here. Is it something you guys here are drinking that is causing hallucinations and phantagorismas?

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  37. Seni needs a job like the rest of us. If he made mistakes at Guinness, I'm sure he's learnt his lesson.

    If any of this big companies have a job beffiting of someone with his credentials, kindly consider him for such position.

    Afterall, he was once Guinness poster boy. He must have been doing something right to have managed several of their brewery operations in other countries.

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  38. My chairman - Mr. Adetu - double twale for the boss and man wey sabi. I wan be like you wen I grow up.

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  39. Anonymous @ 18:02 for your information Seni Adetu didn't complete his tenure, he was sacked.please it's good to be well informed.There's no beefing here because God's judgement mill grinds slowly but surely.

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  40. Anonymous @ 18:02 for your information Seni Adetu didn't complete his tenure, he was sacked.please it's good to be well informed.There's no beefing here because God's judgement mill grinds slowly but surely.

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  41. @Anonymous 23.53 - SINCE YOU SACKED HIM, PLEASE POST THE SACK LETTER HERE!!! AND IT ALSO SEEMS YOU ARE THE ORACLE OF GOD - THAT IS TALKING ABOUT JUDGEMENT!!!
    I WILL ADVISE THAT YOU TAKE THINGS EASY.


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  42. Seni Adetu was sacked,he knows the truth,and his going was highly celebrated.If not he would have gotten another role in the system.He is wicked in the highest of levels and no peace for the wicked.

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  43. I am sure this dude ranting all over here was sacked by Seni Adetu and he wished same for the man. So if he was sacked? Better fix your life and stop ranting over someone who is visibly ahead of you in life. Pray to achieve same for yourself and stop crying here. #MytwoCents

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  44. Under him Orijin sold over £100m in one year the most successful in the history of Diageo, what has happened to Orijjn now
    They removed Seni as an excuse to bring Irish people in, come and see what is going on in Guinness now. It was a ploy to devalue the shares and take over , and they have suddenly started increasing their stake to 75%. This is the reason they Plotted his exit . To take over

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  45. What many people don't understand is that the oyinbos want to take over their companies and they have , From Nigerian Breweries, Unilever, Nestle. guinness, BAT ( never had a Nigerian MD), these guys are here for the money and easier to cover their tracks with them in charge ....

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  46. Cock and bull story,Seni can never be ahead of me and I was never sacked, it's lack of integrity that is making the foreign owners take over.Any body celebrating Adetu is celebrating failure and a mediocre.You can rant for eternity.

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  47. Guys, Seni is one of the most coolest person you will every meet.. I know it as a close friend. Trust me.

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  48. Most coolest-the ogbonge grammar has portrayed you a mediocre like him, keep ranting.

    ReplyDelete

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