Nord CEO Oluwatobi Ajayi Emerges CEO Of The Year 2024 At The Leadership Conference And Awards

Nord CEO Oluwatobi Ajayi emerges CEO Of The Year 2024 (Private Sector) at the Leadership 2024 Conference and Awards.

Leadership Newspapers says Ajayi “exemplifies what it means to be a pioneering leader in Nigeria’s emerging automotive industry.

Mr. Oluwatobi Ajayi, the Chief Executive Officer (CEO) and Chairman of Nord Automobiles, has emerged the CEO of the Year 2024 (Private Sector) at the Leadership 2024 Conference and Awards for his exceptional contributions to Nigeria’s automotive landscape.

According Leadership Newspapers, Mr Ajayi “exemplifies what it means to be a pioneering leader in Nigeria’s emerging automotive industry. For this reason and more, he is the choice of the management of Leadership Newspapers as the CEO of the Year 2024 (Private Sector).”

Ajayi’s entrepreneurial journey took root during his tenure with Mercedes-Benz Nigeria, where he managed the Van Division. There, he grew its market share from less than 1 per cent to an impressive 7 per cent between 2013 and 2015, earning him the Mercedes-Benz Best Sales Performance for Africa in 2013.

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After visiting Mercedes-Benz factories in Europe and Asia, Ajayi was inspired to establish a world-class Nigerian auto brand, driven by the belief that Africans could design and build vehicles that rival the best in the world.

In 2015, he co-founded Jetvan Automobiles, serving as CEO until 2018. His ambition, however, was to create a brand that represented Nigeria, which led him to establish Lagos-based Nord Automobiles Limited in 2020.

Nord Automobiles Limited, which assembles reliable, durable. and cost-efficient vehicles that are as good as any vehicle worldwide, has since grown to be valued at over N4.2 billion, making Ajayi a leading figure in Nigeria’s auto industry.

Ajayi’s contributions to Nigeria’s auto industry have not gone unnoticed. In 2018, Forbes listed him as one of Africa’s Most Promising Young Entrepreneurs, and in 2021, he became the first Nigerian to win the AMBA&BGA MBA Entrepreneur of the Year award.

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