The new Group Chief Executive Officer of Axxela Limited, Ogbemi Ofuya, has promised to work hard for the growth of the organisation.

In a statement, Ofuya expressed pleasure over his appointment, commending the board for deeming him fit for the position.

He said the company had transformed into an integrated energy solutions company over the years, becoming a leading gas and power portfolio company in sub-Saharan Africa.

He said it would be a privilege to build on the foundation laid by his predecessor, reiterating his determination to move the company forward.

“I am honoured to have been appointed by the board to lead this great organisation at such a pivotal time. Axxela has evolved into an integrated energy solutions company over the years, and it is a privilege to build on the exceptional foundation established by Bolaji and his team.

“I am committed to driving the company forward and further strengthening our position as a leader in the energy sector as we navigate the opportunities ahead,” Ofuya promised.

Earlier, the Chairman of the Board of Axxela, Boye Olusanya, remarked that he was pleased about Ofuya’s appointment as a worthy successor following Osunsanya’s retirement at age 60.

He noted that he had contributed actively to Axxela’s story through his role as a member of the board and he led Helios’ acquisition of Oando’s interest in Axxela.

Ofuya is currently a partner at Helios Investment Partners, an Africa-focused private equity firm.

He was also a non-executive director at Axxela Limited with about two decades of experience in the oil and gas, energy infrastructure, and power sectors.

“Before joining the private equity space, he also worked for ExxonMobil and Standard Chartered in project management and strategy positions. He holds an MBA from London Business School as a Mo Ibrahim Scholar and a BEng in Civil Engineering from the University of Benin, Nigeria,” the company said in a statement.