Paramount Traditional Ruler and Alake of Egbaland, His Royal Majesty Adedotun Gbadebo, has resigned his appointment as Board Chairman of Oando Plc.
He was replaced with Ademola Akinrele, ROYAL NEWS has gathered.
In a statement issued by Ayotola Jagun, the company’s secretary, said Gbadebo formally notified the board of his decision to step down as chairman and retire as a board member of Oando.
Gbadebo’s resignation, according to Jagun, took effect immediately after Oando’s annual general meeting (AGM) held on December 17, 2024.
“Oba Gbadebo served with unparalleled distinction for over 18 years on the Board, including 12 years as Chairman,” Jagun said.
“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.”
