Flour Mills of Nigeria Plc Announces Omoboyede Olusanya as New Group MD/CEO

Must Read

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

List of First Bank of Nigeria Sort Codes in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...
- Advertisement -

Lagos, Nigeria; December 3, 2020 – Flour Mills of Nigeria Plc, Nigeria’s leading integrated food business and Agro-allied group, owners of the iconic brand – ‘Golden Penny, today announced the appointment of Mr. Omoboyede Olusanya as its new Group Managing Director/Chief Executive Officer, effective 1St January 2021.

Flour Mills of Nigeria Plc Announces Omoboyede Olusanya as New Group MD CEO Brandspurng
Mr. Omoboyede Olusanya, Group Managing Director/Chief Executive Officer | www.brandspurng.com

Mr. Olusanya who joined FMN in January 2020 as Group Chief Operating Officer has been a core member of the executive management team. He was admitted to the Board of Directors since July 2020 and will take over from Mr. Paul Gbededo, who is retiring after 38 years of meritorious service to the Group.

Omoboyede Oyebolanle Olusanya (Boye), is both an engineer and a computer scientist by training. He graduated with Honours from the University of Lagos, as an engineer and furthered his career at masters’ level at the Universities of Liverpool and Manchester, England where he obtained his M.Sc. Computer Science and M.Sc. Environmental Civil Engineering respectively. Boye has also attended several management programs at the Harvard, London and Lagos Business Schools.

He is a member of the Nigerian Society of Engineers (NSE), Council for the Regulation of Engineering in Nigeria (COREN), Institute of Directors (IOD) and Institute of Highway and Transportation, UK (IHT).

- Advertisement -

Boye, a success-driven leader with strong business acumen and adept risk management skills, began his career over three decades ago as an Engineer with Ove Arup and Partners (a global design consultancy firm). Within this period, he has served in several progressive roles of increasing responsibilities across various industries including Structural Engineering, information technology, FMCG and Telecommunications.

Prior to his new appointment, he has over the past two decades held several executive positions in various industries most recently as the Group Operating Partner at Helios investment Partners (a global private equity firm), where he managed diverse investment portfolios. Chief Executive Officer of Emerging Markets Telecommunication Service Limited (formerly Etisalat), where he anchored the sale process for 9mobtle. which he saw to completion.

Read Also:  Capital inflow in Nigeria declines by 78.6% as importation stood at $1,294.94m in Q2

Partner at GA Capital Ltd (2016), a consulting and advisory firm providing technical and financial advisory services to several privately-owned businesses and government parastatals. Chief Transformation Officer at Dangote Industries Limited. Managing Director of Dancom Technologies, Acting CEO, VEE Networks limited formerly ECONET Wireless where he successfully managed the transition of the company to a new brand.

Commenting on the appointment, Mr. John Coumantaros, Chairman of the Board, said:

*I am happy to welcome Boye Olusanya as our new GMD I CEO. The board is confident that he is the right person for the job. He is a seasoned professional and an exceptional business leader who will lead the group into the future as we continue to strengthen our brands and create value for investors end stakeholders.”

In his part, the outgoing GMD/CEO, Mr. Paul Gbededo, stated:

- Advertisement -

“I cannot deny that I will miss the rigorous strategy sessions with the board, the position of the executive team, and of course the relentless inventive spirit of our people from various businesses locations in the country. Nevertheless, I must say that I am confident that it is time to hand over leadership to the next generation, I have worked closely with Boye Olusanya, and I am confident that with him at the helm of affairs, the group is on course to reach even greater heights.”

Read Also:  Flour Mills' Vice Chairman acquires shares worth ₦24.2 million

Reflecting on his appointment, Omoboyede Olusanya said:

“It is an absolute honour, and | am committed to carrying the legacy of our great company forward as we continue to deliver on our brand’s golden promise of excellence. With the support of the board and my colleagues on the executive team, I can assure our customers, consumers and other stakeholders that we are poised for the next phase of growth and development. “

- Advertisement -
Flour Mills of Nigeria Plc Announces Omoboyede Olusanya as New Group MD/CEO - Brand SpurFlour Mills of Nigeria Plc Announces Omoboyede Olusanya as New Group MD/CEO - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Flour Mills of Nigeria Plc Announces Omoboyede Olusanya as New Group MD/CEO - Brand SpurFlour Mills of Nigeria Plc Announces Omoboyede Olusanya as New Group MD/CEO - Brand Spur

Latest News

What the Continued Global Uncertainty Means for You

Global uncertainty reached unprecedented levels at the beginning of the COVID-19 outbreak and remains elevated. The World Uncertainty Index—a quarterly measure of...

Nigeria 2021 Outlook: A return to normalcy, but tough policy choices lie ahead.

Sigma Pensions - Following on from a year with so much uncertainty about life, politics and markets, 2021 holds the promise of a return...

Back to School: Demystifying Mathematics

You have probably heard a secondary school student say to you: “I am not a Math person”, and you felt that statement is familiar....

Jump-Starting a Failing Economy: A Development Policy Challenge.

Development is a measurable objective construction. Approaches to development, however, are broad, dynamic, and varied. The concept of development differs in meaning to different...

Konga Clearance Sale kicks off with massive discounts

Over 65,000 mobile phones, 15,000 laptops/desktops/printers, 3,150 inverters and inverter batteries, 1550 TVs, loads of Fast Moving Consumer Goods (FMCG), as well as Home...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Flour Mills of Nigeria Plc Announces Omoboyede Olusanya as New Group MD/CEO - Brand SpurFlour Mills of Nigeria Plc Announces Omoboyede Olusanya as New Group MD/CEO - Brand Spur