Oando gets new chair as Alake of Egbaland bows out
Oando, a major Nigerian oil and gas company, has appointed a new chairman following the decision of His Royal Majesty, Oba Adedotun Gbadebo, the Alake of Egbaland, to step down and retire as a board member of the company.
His resignation took effect immediately following the conclusion of the Annual General Meeting held on December 17, 2024, the company said in a statement on Friday.
It said: “Oba Gbadebo served with unparalleled distinction for over 18 years on the Board, including 12 years as chairman. Throughout his tenure, he provided steadfast leadership, wise counsel, and a fatherly presence, guiding the company through significant milestones, including several landmark transactions.
“His steady hand and unwavering commitment were pivotal in steering the company through challenges while ensuring growth and resilience. The Board and Management of Oando Plc express their deep appreciation to Oba Gbadebo for his remarkable contributions and leadership over the years. His legacy will forever be an integral part of Oando’s story.”
Ademola Akinrele, a senior advocate of Nigeria, is the new chairman of the company’s board.
Oando said: “Mr. Akinrele brings extensive experience and expertise to this role, having previously served as a Non-Executive Director on the Board and as Chairman of the Governance & Nominations Committee. With decades of distinguished service in the legal profession, he is widely recognized as a leading authority in commercial law, litigation, aviation, and maritime matters.
“Mr. Akinrele holds an LL.B (Hons.) from University College London and an LL.M from the University of Cambridge. He has also served on the boards of Agip Plc, Danos & Curole Marine Contractors, and other notable institutions. His exceptional leadership abilities and capacity to foster consensus among stakeholders position him well to lead the Board effectively. The Board is confident that, under his chairmanship, Oando Plc will build on its legacy of excellence and explore new avenues for growth.”