Venia Group, the service-driven venture creation and development company has announced the appointment of its new CEO, Adebowale Banjo. He will take over from founder Kola Oyeneyin who is moving on to take an active role at Volition Capital, a private equity firm, where he is co-founder and Partner.
The Group, in a media statement said, “this change provides an opportunity for growth and expansion within Venia. It is also a testament of our thorough succession planning that we are able to appoint Adebowale, who prior to his appointment, served as the General Manager for Venia Group.”
Adebowale brings his vast experience across various industries to his new role as he is set to drive strategic changes that will chart the course for growth and expansion from 2021 and beyond. Adebowale, a skilled professional in business development, strategy, operations and product development, comes with a track record of increasing revenue and optimizing profit through operational efficiency and increased productivity.
“Adebowale Banjo had previously led AutoGenius – the Group’s insurtech arm. This change in organizational leadership will ensure continuity in the growth of the current businesses while exploring and creating new verticals for the organization,” said the company in its statement.
Kola successfully founded and led Venia Group from 2010, to create five distinct but co-dependent brands, pioneering Nigeria’s coworking and digital insurance industries. Venia has helped a number of foreign brands including Bolt, Branch, Schneider (formerly Invensys) amongst many others establish a presence in Nigeria. Kola moves on from the day-to-day running of the Group, but remains on Venia’s board as Chairman.
Venia Group will continue to create and develop ventures, with business interests cutting across sectors, while focusing on disruptive ideas that leverage technology, innovative design and service to achieve both product differentiation and market penetration. Venia Group was recognized and listed as one of the "Companies to Inspire Africa" by London Stock Exchange Group.
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