A gas and power portfolio company, Axxela Limited has announced the appointment of Ogbemi Ofuya as the new Group Chief Executive Officer (CEO).  This is just as the firm also announced the official retirement of its former Chief Executive Officer, 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, it said Osunsanya would 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’s 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 remarks, 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.”

Speaking on his appointment, Ofuya said: “I am honoured to have been appointed by the board to lead this great organisation at such a pivotal time. Axxela has evolved into an integrated energy solutions company over the years, and it is a privilege to build on the exceptional foundation established by Bolaji and his team. I am committed to driving the company forward and further strengthening our position as a leader in the energy sector as we navigate the opportunities ahead.”

The statement said Osunsanya will work closely with Ofuya until December 2024 to ensure a smooth leadership transition and effectively conclude the ongoing enterprise re-organisation.  The statement added he will transition to serve on the Board of Axxela as a non-executive director.