BREAKING: Flour Mills Appoints Boye Olusanya as CEO

Flour Mills of Nigeria Plc (FMN) has appointed Omoboyede Olusanya, former 9mobile  as its chief executive officer (CEO) effective January 1, 2021.


A statement issued by Joseph Umolu, FMN’s secretary and director for legal services, said Olusanya will take over from Paul Gbededo, who is retiring after 38 years with  the company.

According to the statement, Olusanya joined the company in January 2020 as group chief operating officer and was admitted to the board of directors in July.

Prior to his appointment, Olusanya was the CEO of Emerging Markets Telecommunication Service Limited (EMTS), where he anchored and completed the sale process for 9mobile, as well as group operating partner at Helios Investment Partners.

He was also chief transformation officer at Dangote Industries Limited; partner at GA Capital Ltd, managing director (MD) of Dancom Technologies; and acting CEO, VEE Networks, formerly ECONET Wireless.

In his remarks, John Coumantaros, FMN board chairman, said: “l am happy to welcome Boye Olusanya as our new GMD/CEO. The board is confident that he is the right person for the job”.

“He is a seasoned professional and an exceptional business leader who will lead the group into the future as we continue to strengthen our brands and create value for investors and stakeholders.”

On his part, Gbededo expressed confidence that his successor would help the company reach greater heights.

Commenting on his appointment, Olusanya said: “I 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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