***** As Indranil Gupta Retires

Olumuyiwa Olumekun

The Nigerian Aviation Handling Company PLC, (nahco aviance) has announced the
appointment of Mr. Olumuyiwa Olumekun as the Group Managing Director/Chief
Executive Officer (GMD/CEO) of the Company effective January 1, 2025.

Olumekun replaces Mr. Indranil Gupta whose tenure expired December 31, 2024.

In a notice to the Nigerian Exchange (NGX) dated 27 December, 2024, the Company
Secretary, Mr. Bello Abdullahi, disclosed that “the Board has approved the appointment
of Mr. Olumuyiwa Olumekun as the Group Managing Director/Chief Executive Officer
(GMD/CEO) of the Company with effect from 1st January 2025.”
The same notice also announced “the retirement of Mr. Indranil Gupta, the Group
Managing Director/Chief Executive Officer of the Company. He is retiring on 31st
December, 2024 upon completion of his service contract tenure as the GMD/CEO and
also retiring from the Board of Directors of the Company accordingly.”

A seasoned business executive with over three decades of leadership experience across
various industries, Olumekun retired as Group Executive Director, Corporate Services at
NAHCO PLC in February 2022.

During his tenure, he held multiple strategic roles,
including Acting Managing Director (August 2021 – February 2022) and Executive Director
of Corporate Services, where he provided leadership to key functions such as Human
Resources, Learning & Development, IT, Administrative Services, Infrastructure, and
Procurement and was part of the team that successfully implemented the Company’s
transformative 2019–2023 strategic plan, which resulted in over a 300% increase in
profitability.

In 2019, he spearheaded NAHCO’s Commercial and Business Development efforts
before transitioning to the Corporate Services Directorate.
Since 2022, he has remained as a Non-Executive Director on the Board of NAHCO
subsidiaries including NAHCO Free Trade Zone, NAHCO Commodities Limited, NAHCO
Travels & Hospitality Limited and Mainland Cargo Options (now NAHCO Logistics).

Olumekun holds a bachelor’s degree from the University of Ibadan (1985) and is an
alumnus of the Lagos Business School, where he completed the Chief Executive and
Advanced Management Programmes

Prior to joining NAHCO, Mr. Olumekun spent 23 years at Red Star Express PLC (FedEx),
where he retired as Executive Director in 2015. At Red Star, he managed the FedEx brand
and oversaw core functions, including Sales, Marketing, Operations, Strategy & Business
Development, Customer Service and IT and was a member of the Board of Directors for
a decade.

A distinguished professional, Mr. Olumekun is a Member of the Institute of Directors and
a Registered Professional with the Financial Reporting Council of Nigeria. Beyond his
professional achievements, Olumekun is dedicated to his family and is happily married
with children.