- As he steps up to role of Chairman, GTEXT Group
The Group Chairman of GTEXT Group, Dr. Stephen Akintayo announced that the business enterprise has secured a massive 40-acre site worth over 200 million US dollars which the organization will build into a real estate splendour. Dr. Akintayo announced this milestone development during a dinner with his mentees and investors last weekend where he resigned his position as CEO of the GTEXT global enterprise.
Named Jasper Estate, the 40-acre estate is located in Houston, Texas, TheMediaGood Newspaper can report. Dr. Stephen Akintayo shared: ‘We have done a couple of projects in the USA including 20 units of 3 bedroom flats in Atlanta among others but this one is the biggest of them all. It is a 40-acre property which give us opportunity to build massive properties. We are not connecting to grid but are generating through solar and wind. The houses are automated.’
‘There is not currently any single location in the USA that has such. Other people will buy land for 2 million dollars and above to build whatever they want. Also there will be over 500 properties on that 40 acre where people will buy into our green and smart housing’, Akintayo disclosed.
During the dinner, the GTEXT Founder also announced his exit from the CEO position to the Chairman position of the GTEXT Group. The new CEO of the Group is Deloitte-trained Rana Ayar, an investment banker who has had decades of experience in the construction industry.
Akintayo then advised CEOs of business organization not to adopt a ‘CEO forever’ mentality if they want to continue to see business growth. ‘As a founder, you don’t need to be the CEO forever and you don’t have to be aged before you hand over. Bill Gates didn’t wait until he was aged before he handed over at Microsoft and it doesn’t mean he is not there to assist them with ideas so I am still able to do that as Chairman.’
‘I decided to step down as Group CEO because what we need now is institutional funding which is not really my forte. It is no longer a Nigerian company, we need to bring someone on the global level.’
‘What I know is buying and selling, vision and strategy which I will still do as Chairman but the Group CEO will now run all the subsidiaries while we have several CEOs who will do more of the day-to-day activities. You will be glad to know that some of the CEOs started with us as interns’, TheMediaGood Newspaper gathered.