Eterna Plc broadcasts Adeosun as CEO

The Board of Administrators of Eterna Plc has appointed Mr Olumide Adeosun as the brand new Managing Director/Chief Govt Officer of Eterna Plc.

In response to a press release issued on Thursday by the Firm’s Secretary/Authorized Adviser, David Edet, the appointment will take impact on February 3, 2025.

The board recommended the outgoing MD/CEO, Mr Abiola Lawal, who has resigned from the corporate, efficient January 31, 2025, for his vital contributions and exemplary management throughout his tenure.

The board additionally congratulated Adeosun on his new place and wished him nice success.

Earlier than he was appointed MD/CEO of Eterna Plc, he served as Group Govt Director of Rainoil Restricted and as a Non-Govt Director of Eterna Industries Restricted.

He’s the quick previous Chairman of the Main Vitality Entrepreneurs Affiliation of Nigeria and a passionate advocate for clear power, serving on the advisory boards of renewable power companies and consultancies.

Olumide Adeosun is a finance and power professional with over 25 years of expertise in each sectors.

Highlighting his profession and achievements, the assertion learn, “Mr Adeosun started his profession as a Enterprise Analyst below the PricewaterhouseCoopers UK graduate programme in London. He subsequently transitioned to BP Plc, the place he held varied senior roles in upstream finance, enterprise assist, and business operations.

“In BP’s Strategic Origination staff, he performed a pivotal function in creating BP’s Africa buying and selling technique, culminating within the institution of BP International West Africa Ltd in Nigeria. As Vice President of economic Improvement, he spearheaded initiatives that achieved a 300 per cent progress in income inside three years.

“In 2015, Mr Adeosun joined PwC’s West Africa Vitality Advisory staff in Lagos, main transactions that raised over $1.5bn in infrastructure and power investments. Amongst his achievements was overseeing the acquisition of a number one multinational midstream and downstream firm.

“In 2019, he was appointed CEO of Ardova Plc, the place he executed a five-year transformation technique with a concentrate on LPG and renewable power. He additionally led the profitable bid for a majority stake within the Olua Subject on OML 25, establishing a three way partnership with different shareholders in document time.”

The assertion mentioned Adeosun is a Member of the Monetary Reporting Council of Nigeria, a Fellow of the Chartered Institute of Administrators, and a Member of the Society for Petroleum Engineers.

“He holds a Bachelor of Structure diploma from Woodbury College, California, and an MSc in Arithmetic from Royal Holloway, College of London,” it added.