The board of directors of Punch Nigeria Limited has approved the retirement of the group’s managing director/editor-in-chief Ademola Osinubi effective from April 30, 2022.
The veteran journalist has been managing director/editor-in-chief for 27 years and has been in the company’s services for 45 years.
Osinubi forwarded a notice of retirement to the board in October 2020. But the board refused to accede to his request because of the unexpected onset of the COVID-19 pandemic and deferred his retirement by 18 months.
Following his retirement, Osinubi will remain on the newspaper’s board of directors as a non-executive director. He will also continue to serve as a trustee of the Punch Media Foundation.
Under his stewardship, the company became Nigeria’s most-widely read brand.
Adeyeye Joseph will take over as the newspaper group’s managing director/editor-in-chief from May 1, 2022.
In a speech delivered at the company’s last board meeting in March, Osinubi said he was “thankful to God for the unique privilege to have served the company in this role and at a time it posted a tremendous growth trajectory in relevance, capacities and prosperity for all stakeholders.”
Joseph, who joined PUNCH in 2005, said he intends “to sustain the culture of corporate excellence and the tradition of timely, courageous, pro-people journalism that has stood PUNCH in good stead in the last two decades.”