The Board of Directors of Eterna Plc has appointed Mr. Olumide Adeosun as the new Managing Director/Chief Executive Officer of Eterna Plc.
According to a statement issued by David Edet, the Company’s Secretary/Legal Adviser, the appointment will take effect on February 3, 2025.
His appointment is also expected to strengthen the brand of the company.
The Board commended the outgoing MD/CEO, Mr. Abiola Lawal, who has resigned from the company, effective January 31, 2025, for his significant contributions and exemplary leadership during his tenure.
The Board also congratulate Mr. Adeosun on his new position and wishes him great success.
Before his appointment as MD/CEO of Eterna Plc, he served as Group Executive Director of Rainoil Limited and as a Non-Executive Director of Eterna Industries Limited.
He is the immediate past Chairman of the Major Energy Marketers Association of Nigeria (MEMAN) and a passionate advocate for clean energy, serving on the advisory boards of renewable energy firms and consultancies.
Mr. Olumide Adeosun is a finance and energy expert with over 25 years of experience in the sectors.
The statement reads, “Mr. Adeosun began his career as a Business Analyst under the PricewaterhouseCoopers (PwC) UK graduate program in London.
“He subsequently transitioned to BP Plc, where he held various senior roles in upstream finance, business support, and commercial operations.
“In BP’s Strategic Origination team, he played a pivotal role in developing BP’s Africa trading strategy, culminating in the establishment of BP Global West Africa Ltd in Nigeria.
“As Vice President, Commercial Development, he spearheaded initiatives that achieved a 300% growth in revenue within three years.
“In 2015, Mr. Adeosun joined PwC’s West Africa Energy Advisory team in Lagos, leading transactions that raised over $1.5 billion in infrastructure and energy investments.
“Among his achievements was overseeing the acquisition of a leading multinational midstream and downstream company.
“In 2019, he was appointed CEO of Ardova Plc, where he executed a five-year transformation strategy with a focus on LPG and renewable energy.
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