May 16, (THEWILL) – Serial entrepreneur, Dr Taiwo Afolabi, has taken over as Chairman of the Board of Directors of SIFAX Group. The businessman, who is also the founder of the company, was the Group Executive Vice Chairman of SIFAX Group before his appointment was confirmed by members of the Board. He replaces the former chairman of the company, Oba Adegboyega Dosunmu, the Olowu of Owu, who sadly passed on in December 2021.
Since the monarch’s demise, the position has been vacant and the company has been seeking the right candidate to fill it. His appointment is coming as a natural progression for a man who has worked so hard in the last 33 years to build and lead the company to become one of the leading conglomerates in the maritime industry and Nigeria at large.
THEWILL gathered that other members of the board had unanimously decided to appoint Afolabi as the chairman. The new chairman hit the ground running after his appointment and he is working on a five-year strategic growth plan of the organisation. SIFAX Group is a group of companies with interest in maritime, aviation, oil and gas, haulage and logistics, financial services and hospitality. The company came into existence in 1988 after starting as a freight forwarding agency in Lagos State.
