Oando PLC has announced the appointment of Mr. Ademola Akinrele, SAN, as the new Chairman of the Board, effective immediately after the conclusion of the Annual General Meeting (AGM) on December 17, 2024.
This decision follows the resignation of the Alake of Egbaland, His Royal Majesty, Oba Adedotun Gbadebo, CFR, who formally notified the Board of his decision to step down as Chairman and retire from the Board.
Oba Gbadebo, who has served with distinction for more than 18 years, including 12 years as Chairman, resigned on December 17, 2024, and Mr. Akinrele was appointed Chairman immediately following the conclusion of the Annual General Meeting (AGM) that same day.
The disclosure also revealed that Mr. Cosmas Iwueze had been appointed as an Independent Non-Executive Director, effective December 16, 2024.
"The Board and Management of Oando Plc extend their heartfelt gratitude to Oba Gbadebo for his outstanding contributions and exemplary leadership throughout the years," the Board said in response to His Royal Majesty, Oba Adedotun's remarkable 12-year reign.
"His legacy will always be interwoven with the history of Oando," the Board added.
Mr. Akinrele brings a solid background in corporate governance and law to his new position. His lengthy career in the legal field has been supported by his LL.B (Hons.) from University College London and his LL.M. from the University of Cambridge.
Mr. Akinrele has decades of experience and has honed his skills in litigation, commercial law, and specialist fields including marine and aviation law.
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