Honeywell Flour Mills Plc, a leading player in the flour milling, noodles and pasta industry, has announced major changes in its hierarchy aimed at taking the Company to the next level.
Following 17 years as the Chief Executive Officer of Honeywell Flour Mills Plc, Folaranmi Babatunde Odunayo, Executive Vice Chairman and pioneer CEO, will formally retire with effect fromApril 1st, 2014.
A graduate of the then University of Ife, Ile-Ife (now Obafemi Awolowo University), he attended King’s College, Lagos and is a Fellow of the Institute of Chartered Accountants of Nigeria.
He has served in the Honeywell Group for 22 years having commenced his career in the position of Group Managing Director.
During his tenure as the Chief Executive Officer of the Company, Tunde Odunayo exhibited exemplary leadership, commitment and drive in building an enterprise that is very well known for its superior quality consumer brands and sustained corporate performance. His investment in developing leaders and a high performing team has been confirmed by a rigorous selection process which led to the following new appointments.
Olanrewaju Jaiyeola, Managing Director (Designate) will assume the role of Managing Director on 1 April 2014. He was formerly the Commercial Director at the Company’s Ikeja Factory.
He has been in the service of the Company for more than 20 years. His career and business management experience in the Company, spans finance, sales and manufacturing management.
Lanre holds a Bachelors degree in Mathematics and Statistics from the then University of Ife, Ile-Ife (now Obafemi Awolowo University), and an MBA degree in Finance from the University of Lagos. He is also an Associate of the Institute of Chartered Accountants of Nigeria and a Fellow of the Institute of Credit Administration of Nigeria.
