Odu’a Investment Company Limited, an investment holding company owned by the six south-west states of Oyo, Ondo, Ogun, Osun, Ekiti and Lagos, has named Abdulrahman Yinusa as its news group managing director/chief executive officer.
The company said his appointment followed the retirement of the group managing director/chief executive officer, Mr. Adewale Raji after 10 years, adding that the appointment of the new GMD takes effect from 1st of June, 2024.
Throwing light on these leadership changes, the group’s board chairman, Otunba Bimbo Ashiru, stated; “Today we announce the retirement of a Group Managing Director who superintended over a pivotal period in Odu’a Investment’s evolution into a world class conglomerate.
“On behalf of the board, I would like to express our sincere gratitude to Mr. Adewale Raji for his exceptional leadership, and for steering the ship with such vision, courage and professionalism during his tenure.
“We are also delighted about the smooth leadership transition, and I would like to congratulate the Shareholders and the Board on Mr. Abdulrahman Yinusa’s appointment.
“I have no doubt in my mind that he will take Odu’a Investment to another level of growth, especially with the foundations laid over the past few years”.
According to him, Raji’s retirement followed 10 years of dedicated service as group managing director of the 47 year-old conglomerate.
He explained that as the company’s GMDr, he oversaw the group’s return to a growth and profitability trajectory through strategic restructuring of the operating structure of the group to improve efficiency.
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