The Alake of Egbaland, Oba Adedotun Aremu Gbadebo, has officially resigned as the chairman of Oando Plc after an illustrious tenure spanning 18 years, including 12 years as board chairman.In a statement released by Ayotola Jagun, Oando’s company secretary, the monarch’s resignation took effect immediately following the company’s Annual General Meeting (AGM) on December 17, 2024.

Oba Gbadebo’s LegacyDuring his tenure, Oba Gbadebo provided steady leadership and invaluable guidance, steering Oando Plc through significant milestones and challenges. His efforts have been lauded for driving growth, resilience, and numerous landmark transactions.Jagun expressed the board’s deep appreciation for the monarch’s contributions, stating:“His legacy will forever be an integral part of Oando’s story.”

New Leadership

Ademola Akinrele has been appointed as the new chairman of Oando Plc. Akinrele, a distinguished legal expert, has served as a Non-Executive Director on the board and chaired the Governance & Nominations Committee.

Akinrele’s vast experience includes notable positions in Agip Plc and Danos & Curole Marine Contractors. With degrees from the University of Cambridge and University College London, Akinrele is recognized as a leading authority in commercial law, aviation, and maritime matters.

Jagun noted that Akinrele’s leadership skills and ability to build consensus among stakeholders make him well-positioned to lead the company into a new era of growth and excellence.Oando’s board remains confident that, under Akinrele’s guidance, the company will continue its legacy of excellence while exploring innovative avenues for development.

By Damilola Adeleke | January 5, 2025