The Board of Directors of RED For Africa has announced the appointment of its first non-founder Chief Executive Officer, Mr Ayodeji Razaq.
In a statement issued on Monday, it disclosed that Razaq was appointed as CEO in the second quarter of 2022, succeeding Adebola Williams.
“Succession planning is not part of the Nigerian corporate culture, and we had only two big models to follow for the kind of transition we wanted: from founder-CEOs to non-founder CEOs,” the co-founders of RED | For Africa, Chude Jideonwo and Adebola Williams jointly said.
“We made mistakes, inevitably, but we were driven by the singular vision to do this thing that was uttermost in our hearts: build a profitable, impactful, flourishing institution that would outlive us.”
According to the statement, the co-founders noted that Razaq has a history steeped in RED, as an old member of the firm, adding that he has gone on to co-found his own successful media companies and win multiple awards for his work.
“In the past half-year, he has justified the confidence in him, by quietly and determinedly going to work on solidifying the culture, rallying the team, and extending the frontiers of the organisation with new business and new products.”
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