Odu’a set to reposition for economic development
by Akinremi Feyisipo, Ibadan
February 25, 2018 | 3:45 am| | | Start Conversation
The board of Odu’a Investment Company has embarked on transformation and repositioning of the entire group so as to make it the engine room for economic development of the South West.
The Board led by its newly appointed Chairman, Olusola Akinwumi who disclosed this during a consultative meeting held with Past Group Managing Directors/CEOs said the new board is ready to take the company to the enviable position of the economic engine of the South West as envisioned by the founding fathers.
Present at the meeting that took place at the Company’s Group Headquarters, Cocoa House, Ibadan were the current board members of Odu’a and Past GMD/CEOs led by F. O. Mogaji who was at the helms of affairs from 1979 – 1983, Olufemi Adewumi, 1990 – 1993, Remi Omotoso,1998 – 2004 and Adebayo Jimoh, 2005 – 2014.
In a release signed by the Company’s Head of Corporate Affairs, Victor Ayetoro, the consultative meeting provided a platform for robust discourse among the Past GMD/CEOs and the current Board of Directors on issues ranging from continuous growth of the Company’s portfolio, diversification, increase in revenue sources and the need to leverage on its arable farmland for integrated agricultural value chain businesses.
Other issues discussed were on Power, integrated transport, oversight functions at Subsidiary, governance, discipline among staff and unity of purpose between the Management and the Board. Emphasis was placed on the need for Human Capital Development as well as Sustainability to match up with competitiveness in the business environment.
The Ex-GMDs and Odu’a Board while pledging their support and commitment to the progress and sustainability of the Odu’a group, promised to work as a team and in the overall interest and growth of the Yoruba Heritage in order to move the Company to its enviable height.
The forum of Ex-GMD/CEO was thereafter constituted to render advisory services to the Board as need arises based on terms of reference to be agreed upon.
The Chairman of Odu’a, Olusola Akinwumi however noted that the meeting was a unique opportunity to bridge the wide gap between the old and new Managers of the Conglomerate.
Akinremi Feyisipo, Ibadan
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