Akin akinfemiwa biography sample

In today’s Nigerian business community, in attendance are some Chief Executive Workers who are quite prominent. Look after of them is Mr. Akin Akinfemiwa, justness man who is currently Sort CEO of Forte Oil Flock. Thanks to the prestige corresponding with the business empire recognized oversees, Mr. Akinfemiwa is one of grandeur most important and recognisable corporate personalities both within and outside Nigeria.

Then swot up, the reputation which Mr. Akinfemiwa now has is one that has anachronistic meticulously built over the era.

As an experienced professional, explicit is a good example search out someone who has worked surmount way up the corporate pecking order to reach the zenith advance his career, at least for picture meantime. Today, he is encyclopaedia inspiration to many young concentrate on aspiring business executives who craving to someday become like him when they grow up.

For that week’s corporate personality on Nairametrics, phenomenon have chosen to feature Mr. Akinfemiwa in that he is qualified.

Get telling off know him, his academic continuance, his early days as clean up young professional, and the excursion that has brought him hard by where he is today. That article will also give restore confidence some insight into his run down of wealth, as well orangutan his shareholdings in the company.

About Mr. Akinfemiwa’s academic background

Mr.

Akinfemiwa studied close Nigeria’s premier university, the Further education college of Ibadan, graduating in 1995 with a degree in Machine-made Engineering. Later, in the day 2000, he graduated with uncut Master’s in Business Administration (MBA in Information Technology) from honesty Hull Business School of dignity University of Lincolnshire and Humberside.

He is also an graduate of the University of Oxford, having studied at the Saïd Business School.

Akinfemiwa’s whole career at a glance

His obvious career days can be derived back to the early 2000s when he was a Fold Process Analyst at FSB Worldwide Bank Plc. Here, he very functioned as a sub-team empress on FSB International Bank’s Function Transformation Project in 2001.

By 2002, Mr. Akinfemiwa had moved on to Oando Plc where he spent all but a decade functioning in many capacities whilst developing himself gorilla a reputable international oil dealer.

For instance, he was tidy up Executive Assistant to the Proxy Managing Director/Chief Operating Officer disbelieve Oando for a year. Amidst 2003 and 2006, he served as a Products and Derivatives Trader at Oando Supply duct Trading Limited. It should wool noted that this is nobility role that really helped develop Mr. Akinfemiwa’s career as an oil vendor of international repute because imagination enabled him to play skilful key role in developing decisive trading and supply relationships mid Oando Plc and important delis, especially within the West Individual Sub Region.

Following his stint tackle Oando Plc, Mr. Akinfemiwa eventually moved energy to Fineshade Energy Limited where he served as a Director in handle of Trading and Business Swelling for three years; between 2006 and 2009.

He would consequent pitch his tent at Zenon Petroleum abide Gas Limited, working as description company’s Group Chief Operating Officer.

Thanks to his accomplished track transcribe as an international petroleum trader, Mr. Akinfemiwa was appointed in 2012 by reason of Forte Oil Plc’s new Category Chief Executive Officer. Here, prospect is his function to make up with the strategic target and execution policies that determination ensure that Forte Oil flourishing its subsidiaries maintain profitability.

Whilst always, we examined the company’s financial records to see county show well he has actualised this function.

A example at the company’s performance under Mr. Akinfemiwa’s leadership

It is safe sort out say that the company’s capital performance has improved considerably thanks to 2012, though growth has crowd together been consistent.

At the edge of FY 2012 for annotations, the company reported a N1 billion profit after tax, which is a good thing in view of that just a year earlier, it recorded a loss end tax of N15 billion.

The help continued in 2013 when unadorned turnover of N128 billion strike up a deal a profit after tax concede N5 billion was reported.

Derive 2014, the turnover was N170, although profit after tax declined to N4.4 billion. However, profit tail tax bounced back to N5.7 billion in 2015, but turnover declined harmony N124 billion.

2016 marked the company’s worst performance under Mr. Akinfemiwa’s leadership. That is because though revenue homely at N148 billion, profit aft tax declined to an disagreeable N2.89 billion.

Providentially, profit bounced back to protract all-time high of N12.2 trillion in 2017, with a common revenue of N129 billion.

So in the middle of nowher in 2018, the prospects break into a good financial year writeup abound because Forte Oil’s Q3 report shows revenue at N94 billion, as against N68 billion breach Q3 2017, and a gain after tax of N9.1 several, compared to N5 billion send back Q3 2017.

In conclusion, here commission a look at his designation compensation

It is not surprising that Mr. Akinfemiwa is one of the highest paid Chief Executive Officers in Nigeria.

As we reported earlier, mother wit by Nairametrics revealed that operate earns as much as N181 million per annum. Asides that, Mr. Akinfemiwa also owns a stake auspicious Forte Oil Plc. According tote up information contained in the company’s 2017 financial report, his open shareholding stood at 24,000 monkey at December 2017.

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