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FMN Plc Announces Omoboyede Olusanya As New Group MD/CEO

Mr. Omoboyede Olusanya, GMD/CEO FMN

Flour Mills of Nigeria Plc, Nigeria’s leading integrated food business and Agro-allied group, owners of the iconic brand – ‘Golden Penny,‘ today announced the appointment of Mr. Omoboyede Olusanya as its new Group Managing Director/Chief Executive Officer, effective 1St January 2021.

Mr. Omoboyede Olusanya who joined FMN in January 2020 as Group Chief Operating Officer has been a core member of the executive management team. He was admitted to the Board of Directors since July 2020 and will take over from Mr. Paul Gbededo, who is retiring after 38 years of meritorious service to the Group.

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Omoboyede Oyebolanle Olusanya (Boye), is both an engineer and a computer scientist by training. He graduated with Honours from the University of Lagos, as an engineer and furthered his career at masters’ level at the Universities of Liverpool and Manchester, England where he obtained his M.Sc. Computer Science and M.Sc. Environmental Civil Engineering respectively. Boye has also attended several management programs at the Harvard, London and Lagos Business Schools.

He is a member of the Nigerian Society of Engineers (NSE), Council for the Regulation of Engineering in Nigeria (COREN), Institute of Directors (IOD) and Institute of Highway and Transportation, UK (IHT).

Boye, a success-driven leader with strong business acumen and adept risk management skills, began his career over three decades ago as an Engineer with Ove Arup and Partners (a global design consultancy firm). Within this period, he has served in several progressive roles of increasing responsibilities across various industries including Structural Engineering, information technology, FMCG and Telecommunications.

Prior to his new appointment, he has over the past two decades held several executive positions in various industries most recently as the Group Operating Partner at Helios investment Partners (a global private equity firm), where he managed diverse investment portfolios. Chief Executive Officer of Emerging Markets Telecommunication Service Limited (formerly Etisalat), where he anchored the sale process for 9mobtle. which he saw to completion.

Partner at GA Capital Ltd (2016), a consulting and advisory firm providing technical and financial advisory services to several privately-owned businesses and government parastatals. Chief Transformation Officer at Dangote Industries Limited. Managing Director of Dancom Technologies, Acting CEO, VEE Networks limited formerly ECONET Wireless where he successfully managed the transition of the company to a new brand.

Reflecting on his appointment, Omoboyede Olusanya said:

“It is an absolute honour, and | am committed to carrying the legacy of our great company forward as we continue to deliver on our brand’s golden promise of excellence. With the support of the board and my colleagues on the executive team, I can assure our customers, consumers and other stakeholders that we are poised for the next phase of growth and development. “

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