Axxela Limited has announced the appointment of Moshood Olajide as its Group Chief Executive Officer.
Olajide takes over following the retirement of Timothy Ononiwu, prompting a management reshuffle that also led to the appointment of Yetunde Demuren as the new Chief Financial Officer.
In a statement, Axxela said Ononiwu retired after attaining the company’s official retirement age, following nearly a decade in top leadership roles, including his time as chief financial officer and later GCEO.
Chairman of the board, Nzan Ogbe, commended his tenure, saying Ononiwu played a key role in strengthening the company’s financial base and driving its expansion strategy.
He said, “On behalf of the board, I would like to thank Timothy Ononiwu for his commitment and significant contribution to Axxela as Group Chief Executive Officer and, before that, as Chief Financial Officer. Axxela has benefited immensely from his dedication and strategic leadership over the years. His efforts have positioned the company for financial strength and long-term success, and we are grateful for the strong foundation he leaves behind. Related News Eterna names new CEO Roy Murray-Bruce named chairman of Silverbird Group Axxela deepens safety culture with 10m injury-free hours
