Business

Oando appoints Ogunsemi CFO

•Adeyemo resigns

 

A major oil company, Oando PLC, has appointed Adeola Ogunsemi, the Chief Financial Officer of the company. That is following the resignation of Olufemi Adeyemo, who has served the company for over 16 years.

 

According to a statement from the company, Olufemi joined Oando in October 2005 and with his extensive financial expertise, played major roles in the growth and success of the organization.

He was pivotal in the execution of several notable accomplishments, including but not limited to the 2014 landmark acquisition of ConocoPhillips Nigerian assets, the 2015 Rights Issue, and the 2016 Group Restructuring program, which includes the divestments of its Downstream and Midstream subsidiaries now known as OVH Energy and Axxela respectively.

His successor, Adeola Ogunsemi, hitherto the Chief Financial Officer of Oando’s upstream division, Oando Energy Resources, since January 01, 2012, has over 25 years’ experience in accounting and finance, having worked with reputable organizations globally.

Prior to his promotion as the CFO of Oando Energy Resources, he was the Financial Controller of Oando Exploration and Production Limited, having joined the Oando Group on March 01, 2009. Adeola’s trajectory within Oando reinforces the company’s effective succession planning as a great place for growth and development.

Growth and development within Oando are not unconnected with its ranking by the Great Place to Work Nigeria in 2020 as a Platinum Certified Organization; 2nd Place in Medium-Sized corporations, Best Workplace Category; Winners of Best in Quality-of-Life Practice, Medium-Sized Corporation amongst others.

 

Speaking on the appointment, an executive of Oando said:”We are pleased to have Adeola Ogeunsmi who will enhance the diversity of skills and experience represented on our board. We believe he is wellpositioned to provide advice and insight across a broad spectrum of topics, including mergers, acquisitions and divestments, joint venture management as well as financial management.”

 

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