Business
THE Board of Directors of Eterna Plc has announced the appointment of Mr Olumide Adeosun as the new Managing Director/Chief Executive Officer of the company.
The appointment takes effect from Feb. 3.
This is contained in a statement on Thursday by Mr David Edet, the Company’s Secretary/Legal Adviser.
Edet commended the outgoing MD/CEO, Mr Abiola Lawal, who resigned effective Jan. 31, for his “exceptional leadership and significant contributions during his tenure.“
The Board congratulated Adeosun on his appointment and wished him “great success in his new role.”
Prior to his new appointment, Adeosun served as Group Executive Director at Rainoil Limited and as a Non-Executive Director at Eterna Industries Limited.
He is also the immediate past Chairman of the Major Energy Marketers Association of Nigeria (MEMAN) and a dedicated advocate for clean energy.
He serves on the advisory boards of renewable energy firms and consultancies.
Adeosun is a finance and energy expert with over 25 years of experience in both sectors.
He began his career as a Business Analyst under the PricewaterhouseCoopers (PwC) UK graduate programme in London.
He later moved to BP Plc, where he held various senior roles in upstream finance, business support, and commercial operations.
In BP’s Strategic Origination team, Adeosun played a pivotal role in developing BP’s Africa trading strategy, which led to the establishment of BP Global West Africa Ltd in Nigeria.
As Vice President of Commercial Development, he spearheaded initiatives that led to a 300 per cent revenue growth within three years.
Adeosun’s experience also includes his time at PwC’s West Africa Energy Advisory team in Lagos, where he led transactions raising over $1.5 billion in infrastructure and energy investments.
He also oversaw the acquisition of a leading multinational midstream and downstream company.
In 2019, Adeosun was appointed CEO of Ardova Plc, where heexecuted a five-year transformation strategy focused on LPG and renewable energy.
He also led the successful bid for a majority stake in the Olua Field on OML 25, establishing a joint venture in record time.
Adeosun is a Member of the Financial Reporting Council of Nigeria, a Fellow of the Chartered Institute of Directors, and a Member of the Society of Petroleum Engineers (SPE).
He holds a Bachelor of Architecture degree from Woodbury University, California, and an MSc in Mathematics from Royal Holloway, University of London. (NAN)
A.I
Jan. 17, 2025
Tags: Abiola Lawal Eterna Plc Mr David Edet Mr Olumide Adeosun
