Axxela appoints new CEO as Osunsanya retires

Axxela Restricted, a fuel and energy portfolio firm in sub-Saharan Africa, has introduced the official retirement of its Chief Govt Officer, Bolaji Osunsanya, and the appointment of a successor.

Consequently, the corporate introduced the appointment of Ogbemi Ofuya as the brand new Group Chief Govt Officer.

A press release on Sunday by the corporate’s Company Communications Supervisor, Omolara Shitu, mentioned, “After greater than twenty years of excellent management at Axxela, and a distinguished profession spanning over 35 years throughout consulting, monetary providers, banking, oil and fuel, Osunsanya will probably be retiring from lively service having lately attained the age of 60 years.”

The Chairman of the Board of Axxela, Boye Olusanya, remarked, “Bolaji’s distinctive management has had a big optimistic influence on Axxela, and the board is immensely grateful for his imaginative and prescient, ardour, and unwavering dedication as the corporate’s pioneer chief govt.

“Beneath his management, Axxela skilled great development, enabled huge industrialisation, supported the expansion and emergence of many industries and led the corporate’s enlargement into new regional markets. We want him nice success and prolong our greatest needs on his retirement.

“I’m happy to announce Ogbemi Ofuya as his worthy successor. Ogbemi has contributed actively to Axxela’s story via his function as a member of the board and he led Helios’ acquisition of Oando’s curiosity in Axxela. Together with his in depth expertise within the oil and fuel sector, confirmed management capabilities, and deep understanding of Axxela enterprise, I’m assured that Ogbemi is nicely positioned to reimagine Axxela’s go-forward technique and lead the corporate into the longer term.”

The outgoing CEO mentioned it was a privilege to guide the crew at Axxela over the previous 20 years.

“I wish to thank the board, administration, employees and our enterprise stakeholders for his or her assist and dedication to the Axxela model. I’m immensely happy with what now we have completed, and it has solely been potential due to the unbelievable expertise and contribution of the individuals at Axxela. Our collective achievements have propelled the corporate to an industry-leading place, and I’m trying ahead to its exponential development underneath the brand new management,” Osunsanya acknowledged.

Talking on his appointment, Ofuya mentioned, “I’m honoured to have been appointed by the board to guide this nice organisation at such a pivotal time. Axxela has advanced into an built-in power options firm through the years, and it’s a privilege to construct on the distinctive basis established by Bolaji and his crew. I’m dedicated to driving the corporate ahead and additional strengthening our place as a pacesetter within the power sector as we navigate the alternatives forward.”

The assertion added that Osunsanya will work carefully with Ofuya till December 2024 to make sure a easy management transition and successfully conclude the continued enterprise re-organisation.

Subsequently, he’ll transition to serve on the Board of Axxela as a non-executive director.

Ofuya is presently a companion at Helios Funding Companions, an Africa-focused personal fairness agency. He was additionally a non-executive director at Axxela Restricted with about twenty years of expertise within the oil and fuel, power infrastructure, and energy sectors.

“Earlier than becoming a member of the personal fairness area, he additionally labored for ExxonMobil and Customary Chartered in challenge administration and technique positions. He holds an MBA from London Enterprise School as a Mo Ibrahim Scholar and a BEng in Civil Engineering from the University of Benin, Nigeria,” the assertion added.