Boye Olusanya Replaces Paul Gbededo As Flour Mills Chief Executive Officer

<p>&nbsp&semi;<&sol;p>&NewLine;<p><em>Boye Olusanya&comma; Flour Mills Of Nigeria Group Chief Operating Officer has been announced as new Chief Executive Officer following the retirement of Paul Gbededo<&sol;em><&sol;p>&NewLine;<p><strong><a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">OpenLife Nigeria<&sol;a><&sol;strong> reports that Flour Mills of Nigeria Plc Nigeria’s leading integrated Food and Agro-allied group&comma; owners of the iconic brand – &OpenCurlyQuote;Golden Penny’&comma; today announced the retirement of Paul Gbededo as its Group Chief Executive Officer&comma; effective 31st December&comma; 2020&period;<br &sol;>&NewLine;Paul Gbededo’s career with the <a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">FMN Group<&sol;a> started at the Nigerian Bag Manufacturing Company &lpar;BAGCO&rpar; as a management trainee in 1982&period; Since then&comma; he had taken up several managerial positions within the group including&comma; the first Nigerian Production Director for BAGCO in 1996&comma; the pioneer General Manager&sol;Director in charge of fertilizer operations&comma; the pioneer General Manager&sol;Director for Golden Pasta Company Limited&comma; and Managing Director&comma; Agro-Allied business with responsibility to implement FMN Group’s backward integration policies&comma; programmes and initiatives&period;<br &sol;>&NewLine;On the 13th of March 2013&comma; he was appointed a member of the Board of Directors and designate Group Managing Director &sol; Chief Executive Officer&comma; which position he assumed fully effective April 1&comma; 2013&period;<br &sol;>&NewLine;In his remarks&comma; the Chairman of the Board&comma; Mr&period; John Coumantaros stated that<br &sol;>&NewLine;&OpenCurlyDoubleQuote;Paul is a brilliant colleague and an exceptional leader who we will miss dearly&period; On behalf of the board I must express our heartfelt thanks for his extraordinary contributions in leading our great company through a period of growth&comma; expansion and profitability<br &sol;>&NewLine;&OpenCurlyDoubleQuote;After 38 years of meritorious service to the Group&comma; he is leaving the business in an executive capacity at an excellent position for further growth and we wish him the very best as he takes on a new chapter in life&comma; which I trust will include a well-earned rest and plenty of time with his beloved family&period;”<br &sol;>&NewLine;In response&comma; Paul Gbededo stated emphasized that &OpenCurlyDoubleQuote;It has truly been a great privilege and honour to have worked with some of the best minds in our country and indeed across the world&period; I am truly proud of our rich heritage&comma; our winning culture and market capability that had over the years positioned us for continuous growth&period;<br &sol;>&NewLine;&OpenCurlyDoubleQuote;I cannot deny that I will miss the rigorous strategy sessions with the board&comma; the passion of the executive team&comma; and of course the relentless inventive spirit of our people across various businesses locations in the country&period; Nevertheless&comma; I must say that I am confident that it is time to hand over leadership to the next generation”&period;<&sol;p>&NewLine;<p>Mr&period; Boye Olusanya&comma; the new <a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">CEO<&sol;a> stated that &OpenCurlyDoubleQuote;Paul&comma; my mentor and friend&comma; is an outstanding business leader and fine gentleman who had played well his part and did great things for our company&period; He has left behind some big shoes to fill and our company is&comma; because of his strategic leadership&comma; on a solid base to build from&period; I shall be counting on his advise to take our company to the next level&period;”<br &sol;>&NewLine;Flour Mills Of Nigeria&comma;<br &sol;>&NewLine;Paul Gbededo&comma;<br &sol;>&NewLine;John Coumantaros&comma;<br &sol;>&NewLine;Chairman of the Board&comma;<br &sol;>&NewLine;expansion and profitability&comma;<br &sol;>&NewLine;Chief Executive Officer&comma;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;