After seven years of actively overseeing the affairs of Flour Mills of Nigeria Plc, Paul Gbedebo has finally retired from his CEO position.
In a statement issued by the leading consumer goods manufacturer, Mr Gbedebo was described as a “brilliant colleague and exceptional leader who we will miss dearly. 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, expansion, and profitability.”
The statement further disclosed that Paul Gbedebo’s retirement will take effect on December 31st, 2020. He will be succeeded by Boye Olusanya who has been named the CEO Designate.
In the meantime, the Board of Flour Mills of Nigeria Plc has approved the appointment of Paul Gbedebo as a Non-Executive Director. What this means is that he will remain a member of the company’s Board even after his retirement must have taken effect on December 31st, 2020.
While reacting to his retirement, Paul Gbedebo said “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. I am truly proud of our rich heritage, our winning culture, and market capability that had over the years positioned us for continuous growth.”
Paul Gbedebo started his career in 1982 at the Nigerian Bag Manufacturing Company (BAGCO), a subsidiary of Flour Mills of Nigeria Plc. He was a Management Trainee. Over the years, he quickly rose through the ranks, becoming BAGCO’s first Nigerian Production Director in 1996. He was also the pioneer General Manager of Golden Pasta Company Ltd, another subsidiary of Flour Mills.
He was appointed to the Board of Flour Mills of Nigeria Plc in March 2013 and was also named CEO Designate. One month later, he was confirmed as a the Group CEO. He has since held that position until his retirement.
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