Leadway Pensure has appointed Olusakin Labeodan as its new CEO, effective June 1.

The pension fund administrator announced this in a statement on Thursday in Lagos.

The PFA said the appointment followed Lanre Idris’ retirement. The company’s former CEO had worked for over 18 years in various top management positions.

Mr Idris said that his successor had been a dynamic leader with a proven ability to steer organisations toward success.

“Having served together for several years, I have witnessed his strategic insight and deep understanding of our industry. He is the quintessential talent to lead Leadway Pensure into its next phase of growth and development,” Mr Idris said.

Mr Labeodan said he was deeply honoured to assume the CEO role at the company.

Mr Labeodan gave the assurance of his commitment to building on a strong foundation laid by his predecessors, driving the company toward continued innovation, market leadership and sustained value creation.

“With our resilient team, I am confident that we will overcome today’s macroeconomic dynamics and seize opportunities to further deepen Leadway Pensure’s position in the market.

“I look forward to working closely with our dedicated staff and valued stakeholders,” the new CEO said.

The new CEO said his leadership would focus on leveraging technology and strategic partnerships to deliver distinctive investment returns and excellent service to the firm.

Before his appointment, Mr Labeodan was the group chief marketing officer at Leadway Holdings and was instrumental in planning, developing, and executing comprehensive business marketing strategies for the Leadway Group.

Mr Labeodan has an educational background from the University of Pennsylvania’s Wharton School and IESE Business School. He has two decades of experience in non-banking financial institutions.

Leadway Pensure, an associate company of the Leadway Group, is a leading pension administration and fund management firm.

(NAN)