ARM Appoints Wale Odutola As New CEO

ARM Holding Company has appointed Wale Odutola as group chief executive officer and Osahon Ogiemudia as executive director, effective July 2025.

This strategic leadership transition marks a significant milestone in ARM’s 30-year journey and positions the Group for a new chapter of innovation, enterprise growth and scale that is firmly aligned with Nigeria’s evolving economic landscape.

The announcement follows the planned exit of  Jumoke Ogundare, the current Group CEO, who will step down on June 30, 2025, after three remarkable decades of service, including a decade of leadership as Group CEO.

Speaking on the leadership change, the outgoing Group CEO, Ms. Jumoke Ogundare stated, “it has been a privilege to lead ARM. I am confident that Wale and Osahon will continue to uphold our core values while exploring new paths for innovation, growth, and stakeholder impact.

Their leadership will ensure that ARM remains firmly aligned with its mission and long-term strategic objectives.”

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ARM Holding stated that, ‘the incoming CEO, Wale Odutola brings nearly three decades of experience in Nigeria’s financial services sector.’

Odutola said, “ARM has always stood for vision, integrity, and long-term value. I am honoured to lead this next chapter of growth alongside a team deeply committed to excellence and innovation. We will continue to anticipate the needs of our clients, contribute meaningfully to Nigeria’s economic progress, and uphold the values that have defined ARM for three decades.”

The company highlighted that Osahon Ogiemudia, who assumes the role of executive director, has led critical operational and corporate functions at ARM Holding Co.

“With a proven track record across various Group subsidiaries, including ARM Pension Managers and ARM Life, he brings a deep institutional knowledge and a strong focus on execution, client alignment and sustainability,” it added.

Chairman, ARM Holding, Deji Alli, stated, “this transition marks not just a change in leadership, but a renewed commitment to growth and relevance in today’s Nigeria.

“As the economy shifts and opportunities emerge, ARM must evolve to meet the ambitions of a new generation of investors and institutions. With Wale and Osahon, we have a leadership team that is deeply experienced, forward-looking, and grounded in our mission. They are well positioned to guide ARM’s transformation into a more agile, growth-oriented enterprise.”