Oritsegbubemi Omatseyin
Lagos — Oando PLC has made changes on its Board of Directors, the Company has notified its shareholders and other stakeholders of the changes on its Board of Directors.
His Royal Majesty, Oba Adedotun Gbadebo, CFR, the Alake of Egbaland, formally notified the Board of his decision to step down as Chairman and retire as a Board member of Oando Plc. His resignation took effect immediately following the conclusion of the Annual General Meeting (AGM) held in December 2024.
Oba Gbadebo served with unparalleled distinction for over 18 years on the Board, including 12 years as Chairman.
In light of Oba Gbadebo’s resignation, the Board has appointed a new Chairman to lead Oando Plc into its next chapter.
The Company has announced the appointment of Mr. Ademola Akinrele, SAN, as Chairman of the Board, effective immediately following the conclusion of the AGM in December, 2024.
Mr. Akinrele brings extensive experience and expertise to this role, having previously served as a Non-Executive Director on the Board and as Chairman of the Governance & Nominations Committee. With decades of distinguished service in the legal profession, he is widely recognized as a leading authority in commercial law, litigation, aviation, and maritime matters.
Mr. Akinrele holds an LL.B (Hons.) from University College London and an LL.M from the University of Cambridge. He has also served on the boards of Agip Plc, Danos & Curole Marine Contractors, and other notable institutions.
His exceptional leadership abilities and capacity to foster consensus among stakeholders positions him well to lead the Board effectively.
The Board is confident that, under his chairmanship, Oando Plc will build on its legacy of excellence and explore new avenues for growth.
The Board and Management are confident that under new leadership, Oando Plc will continue to build on the solid foundation laid by Oba Gbadebo, striving for excellence and sustained growth in the energy sector.
The company remains dedicated to its mission and looks forward to achieving new milestones in the years to come.
The Company also announced the appointment of Mr. Cosmas Iwueze as an Independent Non-Executive Director.
Cosmas Iwueze is a seasoned petroleum engineer and business leader with over three decades of experience in the oil and gas industry.
The Board and Management of Oando Plc extend their heartfelt appreciation to the outgoing Chairman for his years of dedicated service and welcome Mr. Ademola Akinrele, SAN, and Mr. Cosmas Iwueze into their new roles.
These changes mark the beginning of an exciting new chapter for Oando, and the Board remains committed to driving sustainable growth and creating long-term value for all stakeholders.
