The Board of Directors of CFAO Nigeria Plc has appointed Mr. Gbenga Oyebode as its chairman.
As the fourth indigenous chairman of the multinational firm, a statement on Tuesday said that Oyebode would bring his vast boardroom experience to bear on the company.
It added that the new chairman would continue with the tradition of operational excellence and business integrity built upon by the late Chief Molade Okoya-Thomas, who passed on two years ago.
According to the company, Oyebode is a renowned lawyer, experienced administrator, chairman and director of several reputable organisations in Nigeria and overseas, as well as the recipient of several prestigious awards, including Member of the Order of the Federal Republic and the Belgian Royal Honour of Knight of the Order of Leopold.
It said other past chairmen, who also contributed significantly to the strong investment foundation of CFAO in Nigeria were Chief Allison Ayida and the late Mr. Gamaliel Onosode.
The statement read in part, “Oyebode brings his vast boardroom experience to bear on the CFAO Group in Nigeria, consisting of subsidiaries such as Nipen (manufacturing plastic crates, BIC pens and shavers), GID (distributing fast moving consumer goods), Assene Laborex (pharmaceuticals), Euracare (multi-specialist hospital), CFAO Yamaha (motorcycles, marine outboard engines, power products), Massilia Motors (Mitsubishi Motors vehicles) and CFAO Motors (FUSO trucks, JCB construction equipment and OTIS elevators).
“Oyebode’s appointment is timely and noteworthy in view of the economic reality and investment environment in the country at the moment.”
The statement added that CFAO Nigeria was part of the CFAO Group, a French multinational, employing 15,000 employees, which recently expanded its business activities from 34 to 53 countries in Africa.