Venia Group, a service-driven venture creation and development company, has repositioned its operations with the appointment of Adebowale Banjo as its new chief executive officer (CEO) who will be taking over from the founder, Kola Oyeneyin.
Oyeneyin is moving on to play an active role at Volition Capital, a private equity firm, where he is co-founder and Partner.
The Group, in a statement on Monday, explained that the change of guard provides an opportunity for growth and expansion within the Group, noting that “it is a testament of our thorough succession planning that we are able to appoint Adebowale, who prior to his appointment, served as the General Manager for Venia Group.”
Adebowale brings his vast experience across various industries to his new role as he is set to drive strategic changes that will chart the course for growth and expansion from 2021 and beyond.
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A skilled professional in business development, strategy, operations and product development, Adebowale comes with a track record of increasing revenue and optimizing profit through operational efficiency and increased productivity.
The new CEO had previously led AutoGenius – the Group’s insurtech arm. It is hoped that this change in organizational leadership will ensure continuity in the growth of the current businesses while exploring and creating new verticals for the organization.
Oyeneyin successfully founded and led Venia Group from 2010, to create five distinct but co-dependent brands, pioneering Nigeria’s coworking and digital insurance industries. Venia has helped a number of foreign brands including Bolt, Branch, Schneider (formerly Invensys) among many others, to establish a presence in Nigeria.
He moves on from the day-to-day running of the Group, but remains on Venia’s board as chairman.
Venia Group will continue to create and develop ventures, with business interests cutting across sectors, while focusing on disruptive ideas that leverage technology, innovative design and service to achieve both product differentiation and market penetration.
The group was recognized and listed as “one of the companies to Inspire Africa” by London Stock Exchange Group.
