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Axxela Limited, a leading gas and power portfolio company in sub-Saharan Africa, has restated its commitment to sustain its investment in Nigeria’s energy sector, eyeing a new business development plan.
Axxela has evolved into an integrated energy solutions company over the years, and is planning to build on the exceptional foundation over the years.
The company is expecting valued investment after it appointed Ogbemi Ofuya as group chief executive officer.
The firm also announced the retirement of its CEO, Bolaji Osunsanya.
After more than two decades of outstanding leadership at Axxela, and a distinguished career spanning over 35 years across consulting, financial services, banking, oil and gas, Osunsanya will be retiring from active service having recently attained the age of 60 years.
According to the chairman of the board of Axxela, Boye Olusanya, “Bolaji’s exceptional leadership has had a significant positive impact on Axxela, and the board is immensely grateful for his vision, passion, and unwavering commitment as the company’s pioneer chief executive. Under his leadership, Axxela experienced tremendous growth, enabled vast industrialisation, supported the growth and emergence of many industries and led the company’s expansion into new regional markets. We wish him great success and extend our best wishes on his retirement. I am pleased to announce Ogbemi Ofuya as his worthy successor. Ogbemi has contributed actively to Axxela’s story through his role as a member of the board and he led Helios’ acquisition of Oando’s interest in Axxela.
With his extensive experience in the oil and gas sector, proven leadership capabilities, and deep understanding of Axxela business, I am confident that Ogbemi is well positioned to reimagine Axxela’s go-forward strategy and lead the company into the future.”
In his words, Bolaji Osunsanya, the outgoing CEO, said, “It has been a privilege to lead the team at Axxela over the past twenty years. I want to thank the board, management, staff and our business stakeholders for their support and commitment to the Axxela brand. I am immensely proud of what we have accomplished, and it has only been possible because of the incredible talent and contribution of the people at Axxela. Our collective achievements have propelled the company to an industry-leading position, and I’m looking forward to its exponential growth under the new leadership.”
