Nigeria’s leading provider of integrated identity management, payments transactional systems and solutions providers Chams Holding Plc announced the retirement of Mr Gavin Young as its Group Managing Director/Chief Executive Officer after 3 years of commendable service and the subsequent appointment of Mrs Mayowa Olaniyan as the new Group Managing Director/Chief Executive Officer of Chams Holding Company Plc with effect from December 1, 2022. The new change was announced by the Company Secretary/Director of Legal Services, Yetunde Emmanuel.
Young’s appointment as GMD of Chams Holding Plc took effect Friday, November 1, 2019, follows the retirement of Sunday Olufemi Williams who served the company for 28 years.
Before his executive appointment as GMD in 2019, Mr Gavin Young had been working for Chams Holding Company Plc since 2009. He has served the leading information services management company in key roles. He was the Managing Director of ChamSwitch and Deputy Managing Director of Chams Mobile amongst other roles.
Gavin who is a skilled fintech specialist with experience of managing businesses, subsidiaries of publicly traded firms, and geographic regions (Africa) with a focus on all facets of digital payments and fintech.
The retiring GMD who was a South African by birth, having been resident in Nigeria for the past 14 years. He relatively well versed in the specifics of business transactions in Nigeria and other parts of Africa, having worked with banks, Central Banks and other private and public companies across most of sub-Saharan Africa.
He specialise in formulating electronic banking related strategies in line with an organisations ambitions, then coordinating all essential elements to ensure successful implementation and attainment of an organisation’s financial targets. These areas include. IT systems development, marketing, financial modelling, implementation plans and operations management and more. His skills and capabilities path success for Chams Plc.
His professional experience includes 20 years at First National Bank of South Africa, where he implemented the majority of electronic banking and card systems and infrastructure, and 7 years at Visa as Country Manager, Sub-Saharan Africa (South Africa, UK, and Nigeria), where, after developing the Visa CEMEA strategy for Nigeria, he voluntarily moved to the country to work with all licensed payment entities to implement Visa cards and payments in Nigeria.
Additionally, he increased the number of banks in sub-Saharan Africa that issue Visa from 22 to over 120 in just 4 years. He joined UBA in 2007 as Senior General Manager of Cards, and in less than a year, he issued more than 5 million Visa chip cards.
Retirement is an exciting time in a person’s life and Mr Gavin Young had worked hard to build his career and can step back and appreciate how far he has come. Not only is it a time for reflection, it’s also a time for him to look forward and spend time with the people he care about, doing the things he love.
After several years of meritorious service to the Group, he is leaving the business in an executive capacity at an excellent position for further growth.
By Tolulope Zechariah B.O