By Yakubu LAAH InvestAdvocate
Lagos (INVESTADVOCATE)-Conglomerate Honeywell Flour Mills Plc Tuesday said it has appointed a new managing director to oversee the affairs of the company.
The company in a notice to the Nigerian stock exchange and made available to InvdestAdvocate said Folaranmi Babatunde Odunayo, its chief executive officer (CEO), will be formally retiring from the company effective March 31, 2014 having served for 17 years in that capacity and 22 years in the Honeywell Group. And Olanrewaju Jaiyeoba takes over as the new MD.
Honeywell group also announced the appointment of Albert Ozara as divisional managing director, Rotimi Gbenga Fadipe as executive director, Supply Chain and Benson Evbuomwan as executive director, Marketing.
According to the conglomerate, Jaiyeoba, MD designate will assume the role of managing director on April 01, 2014. He has been in the service of the company for more than 20 years and his career and business management experience in Honeywell spans from finance, sales and manufacturing management.
Jaiyeoba holds a Bachelor degree in Mathematics and Statistics from Obafemi Awolowo University, Ile-Ife, and an MBA degree in finance from the University Lagos. He is also an associate of the institute of chartered accountants of Nigeria. He was formerly the commercial director at the company’s Ikeja factory prior to his appointment as new MD.
On his part, Ozara has been appointed to the position of the divisional MD designate for one of the Honeywell’s major divisions and he is currently responsible for managing the company’s Ikeja factory where he has responsibility for its overall performance.
Ozara joined Honeywell Flour Mills Plc in 1998 from the Federal University of Technology, Owerri where he had risen to the position of head of the crop production department. He holds a First Class degree in soil science from the University of Ibadan, and a Doctorate degree also in soil science from the Cranfield Institute of Technology, United Kingdom.
He subsequently had his professional flour milling training at the Swiss School, St. Gallen, Switzerland and Buhler Training Centre Uzwil also in Switzerland. He also had his milling operations experience at the Swiss Mill in Zurich.
While Fadipe who has been appointed on the board in the position of executive director, supply chain joined the Honeywell Group 20 years ago as a management trainee. He acquired a robust business management experience in the areas of finance, audit and supply chain management.
Also, he was the pioneer manager for the supply and logistics function of the company and holds an accounting degree from the University of Lagos, and is afFellow of the institute of chartered accountants of Nigeria. He is also a member of the chartered institute of purchasing and supply, UK and the chartered institute of logistics and transport, United Kingdom.
For Evbuomwan, he holds a Bachelor degree in Pharmacy from the University of Benin. He has been appointed on the board as executive director, marketing.
Evbuomwan joined Honeywell Flour Mills Plc in 2006 as general manager marketing after holding senior marketing positions at Procter & Gamble Nigeria and Guinness Nigeria Plc respectively. He has over 16 years of rich brand management experience in the Food and Beverage Sector.
He is a member of the Advertising Practitioners Council of Nigeria (APCON)
